. >> and black tie banquet for the financial elites. >> for all of them, the slogan -- we dance to so that others may walk. on the president's birthday, over parties were staged. 6000 >> and in may that have of that same year a check for $1 million was presented to the president. >> there's long been charities associated with fundraising. but in the realm of american philanthropy, this was a watershed event. overnight the act of giving became a patriotic duty. of the made polio one country's number one health threats. >> uniquely dangerous on one hand. >> completely defeatable on the other. >> in the 1920's, charitable giving was at a fever pitch. americans bought liberty bonds, raised money for cathedrals and -- procedures and supported the red cross. >> but the great depression changed that. financial gifts were hard to come by. >> a popular entertainer known as the veteran of vaudeville hosted a popular national radio tv show suggested a national foundation begin a new initiative. >> we could called it the march of dimes. >> they called it the march of times. >> ask people to send

financial elite and interest groups fear reforms might and don't mind their control over the economy for the time being business owners and farmers such as it will have to continue the hard work of selling their products in a tough competitive environment to dizziness continue to demand higher wages cheaper goods in the shops and job opportunities but whoever is elected on sunday want to have that much room to maneuver where the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the turn of the south of the capital to an s. . and the us around 100000 people have been ordered to leave their homes because of a wildfire on the northern edge of los angeles the so-called satele ridge fire has destroyed a number of homes and a man in his late fifty's died trying to battle the flames fire officials say the mandatory evacuations are expected to remain in place for a number of days. trade in regional security dominated a meeting of india's prime minister naren

institutions have been calling for me to queue years to implement it is yes financial elite and interest groups fear reforms might undermine their control over the economy for the time being business owners and farmers such as it will have to continue the hard work of selling their products in a tough competitive environment to dizziness continue to demand higher wages cheaper goods in the shops and job opportunities but whoever is elected on sunday want to have that much room to maneuver the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the turn of the south of the capital tunis. a wildfire near the near los angeles rather is forcing around 100000 americans from their homes mandatory evacuation orders were issued when the saddle ridge blaze destroyed homes a man in his late fifty's died as he battled the flames in the same area where 500 homes were burned out 11 years ago. still ahead on al-jazeera in sports kenya style marathon runner smashes anoth

financial deregulation to benefit foreign financial capital and domestic financial elites so this package has implied weakening of the ecuadorian economy people had been sort of suffering for a while but with the most recent decision to hike prices of diesel and gasoline 4 by over 120 percent people said this is enough and mobilized and on the role 'd of oil and fuel prices in this fight we've seen similar struggles on energy equity equity in oil producing peer nations such as when it's well aware there are defacto fuel subsidies that may run its serious public costs but removing them would increase economic injustice and possibly generate a roast in your view what would a sensible and equitable resolution to this question of fuel subsidies in energy equity look like in ecuador. well 1st of all there has to be an element of gradual and then we have to see it from a different perspective let's recall that ecuador is annoying producing country but nevertheless it imports its gasoline and diesel from abroad from the u.s. and from other countries in latin america and just doesn't make sense s

institutions have been calling for me to queue years to implement it is yes financial elite and interest groups fear reforms might undermine their control over the economy for the time being business owners and farmers such as it will have to continue the hard work of selling their products in a tough competitive environment to dizziness continue to demand higher wages cheaper goods in the shops and job opportunities but whoever is elected on sunday won't have that much room to maneuver the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the turn of the south of the capital to an s. a wildfire near the near los angeles rather is forcing around $100000.00 americans from their homes mandatory evacuation orders were issued when the saddle ridge blaze destroyed homes a man in his late fifty's died as he battled the flames. in the same area where 500 homes were 11 years ago. still ahead on al-jazeera in sports kenya's star marathon runner smashes another re

institutions have been calling for me to queue years to implement it is yes financial elite and interest groups fear reforms might and don't mind their control over the economy for the time being business owners and farmers such as will have to continue the hard work of selling their products in a tough competitive environment. this is ins continue to demand higher wages chipper goes into shops and job opportunities but whoever is elected on sunday want to have that much room to maneuver the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the town of south of the capital to an s. to the caribbean now where protesters in haiti have clashed with police in the capital port au prince today after a journalist was found shot dead in his car the reporter. was killed while he was covering the surge in violence has killed at least 20 people demonstrators are demanding the resignation of the president of el ways this is enough for you are. the reasons why we're

financial elite and interest groups fear reforms might undermine their control over the economy for the time being business owners and farmers will have to continue the hard work of selling their products in a tough competitive environment to dizziness continue to demand higher wages cheaper goods in the shops and job opportunities but whoever is elected on sunday want to have that much room to maneuver the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the tunnel south of the capital tunis the united arab emirates is trying to silence the al jazeera news network that is according to report the u.a.e. is reportedly running a lobbying campaign in washington d.c. using a law firm to try to influence people working for members of the u.s. congress alan fisher has the details. from its embassy in washington and with the 12 connected ambassador to the u.s. as well as the ambassador the united arab emirates has been pushing a campaign to close the i'll jus

institutions have been calling for me to queue years to implement it is us financial elite and interest groups the reforms might undermine their control over the economy for the time being business owners and farmers will have to continue the hard work of selling their products in a tough competitive environment to disease continue to demand higher wages cheaper goods in the shops and job opportunities but whoever is elected on sunday want to have that much room to maneuver the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the turn of the south of the capital to an s. ethiopia's prime minister our lead has been awarded this year's nobel peace prize he's credited with helping end the long running dispute with neighboring every trailer up in korea reports from this. nobel peace prize for 2019 to ethiopian prime minister ahmed ali better to simone need to lead a herd of his prestigious prize and with it praise from his supporters of an ethiopian we hav

financial elite and interest groups fear reforms might undermine their control over the economy for the time being business owners and farmers such as it will have to continue the hard work of selling their products in a tough competitive environment to dizziness continue to demand higher wages cheaper goods in the shafts and job opportunities but whoever is elected on sunday want to have that much room to maneuver the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the tunnel south of the capital to an s. to europe now where the e.u. has agreed to intensify talks with the u.k. over the next few days to try to find a new bridge that would draw all agreements that decision followed a briefing of the used 27 ambassadors by the chief negotiator michel barnier where he described discussions with his british counterpart as ort constructive which could mean anything at this point it's going to publish there in the team in london for more. yeah i really coul

you now meet annual income of $515,000 to be considered one of the financial elite. that is up 7% from a year ago, even after factoring in inflation. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am courtney donohoe. this is bloomberg. vonnie: thank you. coming up, ibm is our stock of the hour, under pressure after missing analyst estimates. we look at why, next. this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. guy: from london, i'm guy johnson. this is "the european close" on bloomberg markets. time for our stock of the hour. ibm shares falling 6% following the companies third-quarter earnings report. let's dig into the details with emma chandra. emma: it is the topline guide for the slide in shares, down the most in 12 months. third-quarter sales coming in below the lowest analyst about 3.9%s, down compared with a year ago. if you look at this chart, you can see that is the fifth consecutive quarter of shrinking sales for ibm. there has been hope among anal

financial elite and interest groups fear reforms might and to mind their control over the economy for the time being business owners and farmers such as will have to continue the hard work of selling their products in a tough competitive environment to dizziness continue to demand higher wages cheaper goods in the shops and job opportunities but whoever is elected on sunday want to have that much room to maneuver where the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt has to be about our al-jazeera the turn of the south of the capital to an s. . don't forget you can catch up with all the news on our web site there it is on your screen the address al jazeera dot com. trying to kick him out of the headlines here on al-jazeera u.s. officials say some american troops have withdrawn from a military position in northern syria that came out of turkish artillery fire is not believed to have taken a direct hit turkish forces have now pushed 8 kilometers dee

financial elite and interest groups fear reforms might undermine their control over the economy for the time being business owners and farmers such as it will have to continue the hard work of selling their products in a tough competitive environment to dizziness continue to demand higher wages cheaper goods in the shops and job opportunities but whoever is elected on sunday want to have that much room to maneuver the cash strapped government is under pressure to repay foreign debt and which other leaders turn they will have to balance the demands of the voters without making the government bankrupt. the town of south of the capital to n s south africa's former president jacob zuma has lost his bid to avoid standing trial for corruption that is expected to begin next week he's always went to the high court to argue the prosecution should be thrown out because it is politically motivated zuma denies accepting bribes from a french weapons company for $118000000.00 government contracts back in the 1990 s. more from farming the militia she was at the court in pietermaritzburg. the court jud

and financial institutions i mean by any measure corruption has gotten worse in the last 5 years and that is at the detriment of the ukrainian people look at all of their government stacks of status. and it is a pretty grim picture but it's all been for the enrichment of corrupt officials in ukraine and now foreigners where the money is being sent to western banks and being cleaned out well and it well it it i mean i come back to the point i made i mean ukraine has had about $45000000000.00 thrown at it since 2014 it's also had a major restructuring over its foreign debt it's a huge amount of money and yet he's still a poor country that it was in 2013 that is any extraordinary fact and of course it follows precisely when the point dean there was making if you create a system which is run by as demas said crooks at large with mergers what are you going to expects that he's the inevitable outcome which he's going to follow so ok i think that i will run out of time here my only last question is when will we ever hear from hunter biden i don't know many thanks to my guests here in moscow

disgraced pimp 2 elite global financial circles jeffrey may be dead but he is still creating an odor around his former business partners as more reporting develops on his money management activities after his guilty plea and sentencing on prostitution charges the man of mystery described himself vaguely as a money manager for the super rich and collected friends and associates including former u.s. president bill clinton current president donald trump former israeli prime minister who barack or lawyer ellen. dershowitz and celebrity chin tugger steven pinker being jailed on a 2nd round of charges related to his alleged systematic sexual abuse of female teenagers obscene is said by his jailers to have died by suicide now revelations of the new york times are raising questions about how a convicted sex offender was able to continue adding to his fortune making 200000000 dollars over 5 years from a d.n.a. d.n.a. data starting mine up joining us now to discuss this gripping case about mental intrigue after death is our correspondent john harvey now john what have we learned in this lates

and financial institutions i mean why any measure of corruption has gotten worse in the last 5 years and that is that the detriment of the ukrainian people look at all of their government stacks of status . and it is a pretty grim picture but it's all been for the enrichment of corrupt officials in ukraine and now foreigners where the money is being sent to western banks and being cleaned out well and it well it it i mean i come back to the point i made i mean ukraine has had about $45000000000.00 thrown at it since 2014 it's also had a major restructuring over its foreign debt it's a huge amount of money and yet he's still a poor country that it was in 2013 that is any extraordinary fact and of course it follows through song sleep when the point dean there was making if you create a system which is run by as davis said crooks outlawed with mergers water are you going to expect that he's the inevitable outcome which he's going to follow so ok i think that i will run out of time here my only last question is when will we ever hear from hunter biden i don't know many thanks to my guest

banks geysers financial survival you know the bellatrix elite club take it easy this is also you know they say money to developers elite club to be easy this is a central plank support dying of dummies kind of problem right now so you stop. playing support dying of dummies kind of problem right now so you stop the bad. and. the unions. and. the unions. crash. crash the. desire for a lot of these. designer a lot of needy thief. the thief. full good. sauteed says the. small fortune in the. small fortune in the good. fortune for the op may be a lot about this good. fortune for the op maybe a lot about this more than after such financially. more than after such financially. at least. up i'm not going to give it. up i'm not going to pick. up. the truth. of the. truth. last week. last week. representatives syrian government. representatives the syrian government. telling the american journalists. rested on false charges of detained american journalists. rested on false charges of the soul is reporting on. opposition violence we hear for the soul is reporting and. we hear from. access. acces

haven for wealthy chinese elites, to lose its special economic, financial and trade arrangement with the united states. further, the legislation authorizes sanctions against individuals who violate human rights and states that hong kong visa applicants should not be denied entry to the united states based on politically motivated arrests, based on their protest activities. and to be clear, we stand together with the people of hong kong and indeed all the people of china when we express our concerns about the human rights violations of the hong kong and chinese governments. over the years, hong kong has prospered and become the financial center of asia because of its strong commitment to the rule of law, good governance, human rights and open economic system. we must use our levin raj to help the people of -- leverage to help the people of hong kong in their struggle to secure a democratic future that -- democratic future that protects hong kong's autonomy and way of life. i'm proud to support this legislation and i urge all of my colleagues to support this legislation. i yield back t

oversight lost because of elite rule for generations to ensure no one can look at how they're dealing with their money so not that i'msidestepping your question, i'd love it if we could do exactly what you describe . but at the end of the day. >> solve the problem, hemeant . >> i think it was something that's more doable, more viable and it gets to the core of the issue would be increasing the oversight of transactions: daily transactions that go far beyond just drug trafficking. >> thank you very much. we had two colleagues on the side, please introduce yourself and ask our first question's my name is valerie with theinstitute for women's policy research . my question isn't as interesting as the previous one. i wanted some more information about vulnerable groups amongst the migrants i know maureen touched on earlier instance, we talk about the limited capacity of mexico to deal with migrants and even though we tend to focus on the us and how harsh some of the policies are right now, mexico has its own history as well when it comes to, i'm thinking about populations from honduras, fr

oversight laws because of elite rule saying no one could look into how they're dealing with their money. not that i'm side-stepping your question. i would love if we could do exactly what you just described. but at the end of the day -- >> solve the problem he meant. >> right. right. it's more doable, more viable, the core of the issue would be increasing oversight of transactions, elite transactions that go far beyond just drug trafficking. >> very helpful. thank you very much. we have two colleagues on this side. please introduce yourself and ask your first question. >> my name is valerie la count. my question isn't as interesting as the previous one. i wanted to know more information about vulnerable groups amongst the migrants. i know maureen touched upon that earlier. but for instance, we talked about the limited capacity of mexico to deal with migrants and even though we tend to focus on the u.s. and how harsh some of the policies are right now, mexico has its own history as well when it comes to -- i'm thinking about afro descendant populations from honduras, from guatemala, indi

a washington correspondent problem of fully elite has more on this story pablo what exactly is a stable coin and how does that differ from other cryptocurrency. microsoft well stable coin has many elements of crypto currency in that you've got that ease of transaction the privacy which comes with the crypto currency out there but the big difference is that stable coins it says it in the name gives a level of stability because it's often pegged to for example a commodity in the sense a could be pegged to the price of of gold or it will be pegged to a currency fee a currency of course being for example the euro the dollar or the yen and and of course that is the big difference because let's not forget that crypto currencies come be quite volatile and the aim of this is to stabilize the value of this stable coin. but the spite this aim of this currency being more stable it's not like there wouldn't be any criticism about it. no you're absolutely right i mean today i was you know a meeting here of the g 20 finance ministers they gave their evaluation and after a meeting which was held earli

the poor and middle class from this very in the economic and financial crisis that we are living today ok when you talk about the ruling elite as well the political system in your country in its current iteration was basically conceived on a premise of balance if i can play devil's advocate for a 2nd mr hariri might say if he was sitting here listening to you look we've had political balance it's been a success story we know there are issues we're working on it and you are jeopardizing that balance. ok. do you mean the sectarian balance yes. ok so this idea that lebanon is always on the verge of sectarian strife but these people who are empowered and this balance in this system that they created in order to share power with among them is saving us from this strife is something that is we should always be wary of because it's very insulting to the people of lebanon people of lebanon. not waiting to kill each other they're waiting to be together in the streets in the millions like the earth today this is the biggest demonstration we've seen in ages and since 2005 this is definitely the b

on financial grounds but geography, education -- he is a graduate of an ivy league university. there are other -- yes and no. it is a mixture. but that is not uncommon that populist leaders all over the onwardsom argentina have been examples often of elites who talk the language of non-elites, and use it as a political tool. either because they have come to believe it, or because it is purely cynically adopted. that is an interesting question, for sure. as cynical as is, it is going to sound -- [laughter] sophia: ok, i am prepared. >> how do we keep calling ourselves a democracy when we have so, so few people who vote in our area here? very low turnout. sophia: yes. that is a very important question, of course. i even try to say on a few occasions what we call democracy, because what we call democracy is not in any sense a pure democracy. it might be in theory, it is a representative democracy, but the practice of it is riddled with all kinds of inequalities. and one of the features of that is not that many people are disenfranchised, but there are people who have the vote and

financial institutions usually ends up to. be what it was duly to be so the most part of the relative comfort on a small part of the come on enemy there and their tech has acid to screw with a business trip to do i knew it was a staff does it stress like to be afraid. and you don't use tacit slick's bank savings to productive activity in a bank are with the reserve the imams to productive activity in a bank are one had on hand a reserve of money received from the holders and the monitor on the back of the cash reserve a bank can create granted money received could become the own holders and be monitored on i know matters of these cash reserve. bank account and create granted in a place called want to be tied on providing an. awning money to banking community by manc maker of. the many. many purposes for many of you were to leave and were made around in during a time you were going to be kind of money and they were all during my coming period and want to enlarge tired hungry my model out on his own arm and amount of money on an

again like when you see all this hysteria that's been going on especially in our cable news all the elite on the news are becoming more and more and more hysterical and you see that especially since the financial. crisis you see them acting in total hysteria and they keep pointing fingers and total witch hunts about all those people overseas the people in russia those people in ukraine those people in libya those people in syria it's all of those people now look at what how this is projection of what they themselves are doing what they're afraid of all you know the 300 say 20000000 peasants in america 10000000 aren't so 320000000 peasants are so afraid of what they're what you're going to find out but there they can't help but project doctor patient unity has also spent hundreds of thousands of dollars on facebook and google advertising and has been spending direct mail to voters in dozens of congressional districts in some cases the group describes the legislation as the 1st step towards socialist medicare for all dream they were it spent hundreds of thousands of dollars on ads they didn

in the eye, corbyn kicks off labour's election with a vow to tackle the wealthy elite, as well as tax dodgers, and polluters. leading the telegraph, trump urges nigel farage to do a deal with borisjohnson to beat jeremy corbyn in the general election. the financial times leads with impeachment hearings in the us, the house of representatives stepping up the pressure on trump by voting to hold a public inquiry. in the guardian, a landmark legal case against british american tobacco over wages and working conditions of their workers in malawi. generation x and the number of younger people particularly who are signing up to vote. so many people have had enough of politics, had enough of voting and yet this is quite heartening, isn't it? itjust shows how vibrant our democracy is under the circumstances and it made me smile because they're talking about generation x which is considered a bunch of teenagers but these are the people under 25 so they're quite mature and two thirds under 35 and on the 4% are actually over 65 but possibly around a0 years ago, soi over 65 but possibly around a0

, the economic elite, the cultural elite, whatever. that's not democracy. the day we leave it up to our financial or academic so-called betters is the day we kiss it all good-bye. that's "hardball" for now. "all in" with chris hayes starts right now. >>> tonight on "all in." >> doral was a very simple situation. i own a property in florida. >> the president vulnerable as he's never been before. >> it would have been the greatest g-7 ever. >> forced to cancel his g-7 plans in the wake of massive republican backlash. >> it shouldn't have been done in the first place and it's a good move to get out of it. >> tonight, the toll of the impeachment inquiry on the presidency. >> at the end of the day he still considers himself to be in the hospitality business. >> then, new reporting reveals just how close trump was to the now indicted ukraine team. >> lev and eyeing

the economic elite, the cultural elite, whatever. and that's not democracy. the day we leave it up to our financial or academic so-called betters is the day we kiss it all good-bye. >>> welcome back to "hardball." former white house chief of staff general john kelly says he warned president trump about the looming threat of impeachment. at a political conference hosted by the washington examiner over this weekend, kelly said he advised the president against hiring a yesman to replace him. last year. >> i said whatever you do, don't hire a yes man. someone that's going to tell you, won't tell you the truth. don't do that. because if you do, i believe you'll be impeached. someone has got to be the guy that tells you that, you know, that you either have the authority or you don't. or, you know, mr. president, don't do it because whatever. you know, but don't hire someone that will just nod and say, that's a great idea, mr. president. because you will be impeached. >> in a statement, president trump responded to kelly's recounting events, saying john kelly never

be needed to open a path forward is incredibly difficult because it effectively mean that entrenched elites would have to give up or relinquish some some power both political and economic and that's why i think there's room for you know deep skepticism and pessimism that this particular problem can be can be addressed by by focusing on root causes mr hashmi with thank you as always for your time euro analysis now there hashmi live in colorado thank you next. move on to other news now in riot police in the spanish city you and i have fired rubber bullets and tear gas at protest as has surrounded the police headquarters and set fires in the streets more than 500000 people marched through the cotton capital in the 5th day of protests there angry at the jailing of 9 separatist leaders for their roles in cotton has failed and dependants but a 2 years ago a general strike in basra the one source saw shops and many tourist attractions closed and the border crossing into fronts was also blocked well correspondent saw a guy right in the middle of the protests. obote began as a day of the still prote

morning after financial. readings and salutation scroll through the readings and salutation. scroll through your news feed flip through your cable news channels drop in on twitter and more often than not your news feed flip through your cable news channels drop in on twitter and more often than not you will quickly find yourself submerged in an endless barrage of negativity you will quickly find yourself submerged in an endless barrage of negativity from the environmental like the hurricane fires in southern california to the micro from the environmental like the hurricane fires in southern california to the micro plastics choking our oceans and bodies to the political where we often witness plastics choking our oceans and bodies to the political where we often witness grown men and women that we call our leaders throwing toddler style temper tantrums over park grown men and women that we call our leaders throwing toddler style temper tantrums over partisan battles to decide whose turn it is to fleece us all of our money and rights and battles to decide whose turn it is to fl

just trying to function and they must be the elite and. the us and e.u. impose sanctions against government leaders and companies nearly 20 years ago after political crackdown by the president robert mugabe the u.s. financial and travel restrictions apply to 56 businesses and 85 people including president but on guy who are u.s. arms exports to zimbabwe are also banned the e.u. also banned the sale of military equipment could be used for oppression and froze the assets and impose travel bans on sons in bob wins linked to the government the extend the sanctions for another year in february the us has since impose sanctions on zimbabwe's state security minister saying he was involved in gross violations of human rights. let's bring in our guests in johannesburg by sky aditi program manager of foreign policy of the south african institute of international affairs and in london patricia. new yorker you care a present over the zimbabwean opposition party movement for democratic change their representative from zimbabwe is running pass' on a pair forced you to