tv Business - News Deutsche Welle December 19, 2017 2:15pm-2:31pm CET
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justin gatlin to question the american sprinters agent at the time robert wagner offered test testosterone and human growth hormone for a fictional client the undercover reporters were representing the meetings were secretly recorded on tape and lawyers for the american sprinter say he is clean gatland had been banned twice in the past in two thousand and one and two thousand and six. all right a crypto currency bites the dust bend will tell you which one coming right up. when i'm traveling to be comfortable. but i also want to stay up to
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date on the latest news events. and d.-w. makes that part of traveling easy because it's available and thousands of hotels resorts and cruise ships worldwide. have you found a domain sign on the subject that shows d. w. in your room you can prides d.w. dot com travel quiz. on. a wave of bitcoin warnings this true state of south korea virtual currency exchange says it's closing its been hacked again and is now declaring bankruptcy what's that mean for the value of big oil. is a christmas already in washington for. tax cuts could become law this week but who
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benefits from the mad how will they be finance. and if you've got money to burn why not let the robots do all the survey. and it is a win that's to business as south korean cryptocurrency is shutting down and filing for bankruptcy after being hacked for the second time this year it highlights security concerns about the trade in bitcoin and other virtual currencies which a booming right now exchange called you bit had been hacked once before in april when only four thousand bitcoins were stolen in a cyber attack that the country's spy agency linked to north korea according to a newspaper report you did announce on its website that it had been hacked on tuesday causing a loss worth seventeen percent of its total assets. and yet because it almost broke another record today and is now hovering around eighteen thousand dollars it's up twenty fold this year as you know tilton who's
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been following this story closely for us aaron is the big buzz more about the cryptocurrency itself or about the technology behind it from what i read at least well i really think it depends on who you ask when it comes to individual investors of course they're looking at this you know twenty fold growth that bitcoin has laid in this year i mean it's gone from a belief about a thousand dollars per bitcoin last year to as you said over eighteen thousand and that's incredible growth so of course you have individual investors looking at that and seen a kind of make a quick buck there should put my savings there on the other side because it is based on block chain technology and that's actually quite exciting i mean not to get too technical with basically what blocking means is you have these huge public leisure's so that you're able to follow transactions from the beginning to the end and that has a lot of other industries like supply chain management or even voting quite excited because it gives you the ability to follow a product from its production through every hand it goes to until it lands either
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maybe in your refrigerator or in your home and the same thing with voting it could give the ability for people to actually look at votes and make sure that nobody's actually tampering with the with them because they can follow the chain of the paper ballot from the beginning to the end the great thing being you don't need the middleman now how secure is it to having said all of that well as we've seen today bitcoin is vulnerable while the cryptographic algorithms that it's based on are very very secure and so far there haven't been a lot of successful attempts to attack those just like any bank the most insecure part of it is basically the front door you see a lot of these hackers are actually attacking the services where the of these digital wallets actually where the big coins are kept and they're finding ways to steal those or to gain access to the private key which is basically the key that opens up the bitcoin wallet that's still vulnerable and you get close and today is a great example of. as the price continues to go up so does the boehner ability tell us about the significance of the risks for people wanting to get into this
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sort of investment well i mean it's still very much on tested water i mean right now if you're getting into bitcoin there are two ways to do it either you buy bitcoins yourself like a normal. stock or normal financial assets or you go but mind them which is a kind of a complicated process which allows you to create your own bitcoins now both of them are attached to significant investments on your part and at the end of the day there's the possibility of festen loss as we saw today and also the extreme vulnerability i mean we've we've seen a valuation curve on bitcoin that started here the beginning of the year and it's all the way up there and for a lot of financial experts that reeks of bubble and we've we've also seen fluctuations of fifteen hundred dollars on an individual day so if there's a possibility of making an incredible amount of money but also losing it as well there are lots of warnings out singapore and germany today yesterday france last week astray that it could be a topic of the next g. twenty a central banks worried that they simply being left out and banks themselves because
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they're the middlemen i referred to before or is this serious concern well certainly i mean we're talking about banks and central federal reserve banks and central banks there regulating authority and bitcoin cuts them out it cuts out the middleman which means it's very very hard to regulate the industry so of course there might be some hurt egos there but there are regulatory concerns as i said some people worry that this could be a massive bubble at the same time we have seen people use crypto currency on the dark net in other places to engage in things like buying weapons buying drugs human trafficking and because you can't really regulate the industry very well it opens up the door to a lot of kind of dark areas so of course there might be some hurt feelings but yes there are also regulatory concerns that are legitimate and should be taken seriously and thank you very much for bringing us up to speed. global equities have steady after they have biggest jump in almost half a year expectations time to the massive tax reform bill in the united states coming
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on top of one of the strongest and longest global ball runs on record the us congress is set to vote today or tomorrow on long awaited tax cuts and reforms and the bill will likely be signed into law before christmas the biggest gift goes to corporations who will see a permanent tax cut from thirty five to twenty percent individuals would see smaller tax cuts with higher earners benefiting more they would also be temporary expiring at the end of two thousand and twenty five so while low and middle income earners would see more money in the first few years their taxes would eventually go up without an extension of the cuts even if temporary those cuts allow some skeptical republicans to get on board most may households well see their taxes go down the bill could hurt individual earners in another way it introduces a new inflation index that could push them into higher tax brackets sooner the plan sticks closely to the familiar republican themes assuming tax relief for businesses
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and the wealthy then if it society more than tax cuts for low and middle income earners this is good news for the american people we're going to get the economy roaring back again and improve pay and increase jobs and make america more competitive in the global economy but in the final version republicans have not lived up to trump's promise to drastically cut the paper work behind their taxes or for tax cuts to do not further inflate america's ballooning deficit. that means the most expensive overhaul of america's tax code comes as a christmas gift to some but also as a present that has been bought on credit. let's go over to an advice in frankfurt our financial correspondent there when i look at the dax today it tells me this is a wait and see for trade as an add to do trade is there way you would expect this bill to get watered down in the next days. well actually nobody really expects it is expecting that it's going to get watered down but we have seen it with wary is
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law initiatives from the trump administration that that knee end they didn't go through so i think people asked that has it and when it comes to believe things that this tax bill it will be a sweeping tax bill will actually be really pasi the legislative process and politically could it end up backfiring on trump in any way considering as we pointed out a lot of the benefits are going to big corporations and the super rich well if you look at who actually voted for them yes one could think that yes it could actually backfire because he was voted by like the blue collar workers and he was saying he'll good going to make lives better especially for that class of people his thinking is kind of this trend when you go and read about him you get the feeling that he will think that if the the rich better off and osa corporates are better
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off then they will go and invest the money and will create jobs which tend to be beneficial for exactly that class of people and that's how he is selling his policy that if american corporates are doing well they will also create jobs and that will make america as he always say say's it great again in his own words and the super rich will think great as well having that whole class of people working for them as you point out then advised bob thank you very much from frank good. india's population could overtake china's in the next decade economists say that it create a middle class bigger than the u.s. and europe combined it's fortunate for them that the rise of india's consuming class comes at the same time as the rise of the robots. they're reliable and never complain and don't expect generous tips a team of robots rooms this eatery serving food and drinks to customers and once
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the guests have finished their meal the robots gather the dirty dishes the founding partners think it's the right time to combine technology with gourmet food and unsurprisingly they've decided to call their establishment robot so we research what we're going to follow one year. later different the industry and designs and all that when they finally decided that people do something different with a nod day. other than we deserve to live in the style and then bring robots to actually live in the food i have seen these in a lot of blood countries so that even if you decided to find a venue to india tablets at every table make it easy and fast for customers to submit orders from a menu of time and chinese dishes and they're giving the new service a thumbs up. we didn't expect that we needed it here not that it was really free. that many. really enjoying a lot. of course not everybody is fond of the machines but like them or
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not you'll have to get used to them the demand for service robots is expected to accelerate in the coming years. and just briefly the company behind humphrey bogart adoring casablanca and harrison ford's headgear in the indiana jones movies is bankrupt in officials say a court has thrown out a rescue plan for italian had maker or selena and put the company into administration and vestment fund took control of the struggling had two years ago and its efforts to save the company failed also leno was founded in eight hundred fifty seven its heyday was in the one nine hundred twenty s. when it produced two million a year. iceland business for the. and
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