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tv   Venture Capital  RT  January 19, 2014 3:29pm-3:45pm EST

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basic human rights just as a punishment for going on strike but force feeding techniques are very much an action unfortunately again it's the very abusive force feeding techniques so for example and i've witnessed some of this that they used to leave but use up the prisoners noses to hurt so much still pulling those tubes out every single time twice a day forcing them back up each time still forcing far too much too quickly into the prison and making prisoners sick if you're sick they just carry on doing it it really is horrendous what's not. a bit later this hour that included a look at whether the twenty first century is welcoming a new cold war is. easy access to. resources and the riches that follow but not to the liking of environmentalists of course big story we're covering that. clashes in the way the police. across the country protesters accuse the government of wasting their. money so that still to
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come. next they will venture capital right after this break. another whistle blowers facing a lot of heat including a wave of death threats but what did she discover some sort of dark secret cia plans or some other plot for a new war of luxury no she exposed something far more dangerous and important to the zombies on their couches the university of north carolina athletes are mentally unfit for college and even high school mary willing come blew the whistle on the fact that between eight and ten percent of the school's football and basketball players read a fourth grade level and many others are sub college level she also claims that these students were allowed into the university based on the screening process done by the university implying that the use of n.c.
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knew exactly who they were letting into the university remember college football makes a lot of money i always had a feeling that something like this was going on i mean according to usa today many college athletes claim that during the season they put in more than double the amount of hours on sports that they are allowed that's fifty to sixty hours a week how can they possibly learn anything maybe it isn't so sad that this goes on it is a reflection of economics what is sad is that the whistleblower is getting death threats just for saying that it is going on by those stupid hard core fans but that's just. i appreciate. the room thank you.
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welcome to venture capital with me katie this week britain's johnson adored all school boards at the u.k. may leave the view for forums do not take place with that global reaction from the former leaders obviously on the czech republic who have very different opinions on that there were plenty of international politicians if most go this week because it was the guy economic forum which i was a little too i caught up with the world renowned economist jeffrey sachs on tax evasion and they gave in still being played on a wall street that's all but let's start with mr dawoud all's well because he ruffled. feathers this week by warding that the u.k. could be forced to quit if the organization does not reform and here is what the
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chants not want exactly the main points now he has been frustrated by what he sees as the storing of the free trade deal between the e.u. and the us by e.u. lawmakers themselves and the g.o.p. is being a show not by economies like china and india now the british public will get to decide in twenty seventeen in a referendum if they want to continue as a member of the e.u. now the main sticking points for the british people are immigration social security and interference from. also as a british law especially when it comes to human rights now the czech republic is in a similar situation to britain in the fact that it's in the e.u. but it doesn't have a year as its national currency so i also feel the president of the country applecart a form what he makes of those bones warning. more or less grevious such a statement the issue is whether there'd be a bill to make
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a change nor just course methinks changes but the fundamental transformation of the economic social political system i am rather skeptical in this respect so so i think that too great to leave the e.u. is definitely gonna lead you to maybe it was separated for countries like very very czech republic or or any other that's my position. another person would be there i believe. that the british conservative politicians i mean it seriously. i'm afraid knowledge saw you so that's another story well if indeed they all serious and they a full time in a prime is so merriam on say who is also here most keen supporter opposed to the yarra he said that britain living would affect the progress of the reforms which he also thinks all necessary. walt deicing europe does leave these
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lower economic reforms. agreed to lower the roles for markets for competition in markets for market built in the square and the buyer of those used it to be for you a sleaze for me a bit of for you this week a little bit sort of forces your soul. as an italian as a european i do we should do you again stays the night in gone but that if it does not alter the whole reform process the new rope will be less rigorous. mr cole who is a self-confessed here i skeptic has a very different attitude to mr monti and doesn't the same to couldn't sons about brits and even or indeed any other nation for that muscle. i'm absolutely sure that
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it's europe that exists in europe existed six countries then this line of countries then there's the arab countries then fifteen and twenty five twenty seven twenty eight all the time the idea of all is that that's ok so why in order to have means that those twenty six countries are possible now while we had mr osborne grumbling about the e.u. hilmer downplays smiling at toto to totally transform the u.k. fracking industry another friend or oil company will become the first international heavyweight to invest in the. basin injecting forty seven billion dollars bob environmentalists will that fracking is dangerous polluting advocates say it makes energy more affordable creates jobs and cuts consumption of coal this could have a look at how it's started so we can see how the environmental issues come into a case of drilling. deep deep into these gas rocks actually more than
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a kilometer down into the ground then we have the chemicals that come into it what is mix with sand and water as well it's intense rays into these show gas intense pressure is what this does is it opens up these fishes and this is where the contamination comes into and how the water can be affected just that so. the pollution is well concerns too that's how what i spoke to from the world by group she was here in moscow as well she was for a month she was had to discuss climate change in the environment so i also about the potential dangers. there's a lot that we don't know about the many thirteen impacts of fracking and so on has to be properly understood and properly accounted for because resign is a forcing emission that makes it makes global warming can foster. but i think
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the issue really is depending on the geometry for some countries to have the water necessary to be encouraging fracking for the others they don't so if a country says that some countries this is an option for other countries it's more difficult i think the big question for the industry i've ruled is is this a short term or long term phenomenon already you're beginning to see the productivity of the front from certain sort of reduced which would indicate that perhaps the reserves aren't quite as large as everybody wants thought they were going to stay with all of its gas and must incorporate these criticisms that russia is the latest come true to be jumping on the rock band wagon yes because so i guess from net started testing the shelf it had sort of the bottle formation in russia's western siberia above them all it's believed to have the largest shale formation anywhere in the world successful because their shareholders will make a decision about moving to a log scale development in the region. the russian financial a b t b group has severed ties with credit rating agency fitch ratings it accuses the agency of
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a lack of professionalism of using the ratings without access to internal documents all financial reports bts rating was recently downgraded to a triple the i'm talking of russian banks in vest a bank was made into a sort of capital when it had its license revoked a month ago that reportedly already have all as much capital as it has. now what has unified global leaders is tax evasion for decades the rich has been storing back millions and billions in tax havens to avoid huge tax. up until the financial crisis erupted polish it got titian's up but they didn't seem to pull it actually about the whole thing falls forward five years with a recession battered national coffers in desperate need of a fed up types of asian is now a top priority for the entire world especially beating economist jeffrey sachs on
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the problem of tax havens which he says is a scandalous system but we start to talk about the lessons that haven't been learned from the financial crash. even wall street the same games are being played as before the same financial speculation the political power of these for arms remains intact which is amazing because even you take a forum like j.p. morgan almost every week it pays you fines on. actions of financial fraud illegality but this is week after week after week it shows that it was. often are under it wasn't doing anything illegal because it's paid so many fines it's done so much more on death and yet it's still so politically influential and not just that one but wall street as a whole so i'm not at all satisfied our system in the united states is a quite corrupted political system
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a corrupted because our politicians need to work together to spend our total billions of dollars on their campaigns every two years cycle now would major and two year cycle at the federal level of the united states and maybe six or seven or eight billion dollars well we're the politicians getting that money they're getting it from rich people and from big companies and they're not getting it for free oh they're getting it because they're listening to the rich and to the corporations not to the needs of the average person in the population let's talk about tax evasion because the global community has come together and money is. a very steep climb down a net specific camp talking about swings and then saying they're going to be giving information finance banking information to us or. to his own citizens that when he sounded nice enough being done meant to clamp down on tax havens i think that did
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the world is waking up to the scandal of the international tax situation in these tax islands or to. treasure island as they're called the british virgin islands the cayman islands bermuda this is a shocking abuse of the quo bill trust why are there trillions of dollars in these little islands well of course this is to evade taxes but this is to evade responsibility this is to evade legality and who creates this not those little islands now but to the u.s. government by your proving these arrangements the u.k. government because after all these are british territories and i believe that these are abuses that need to stop them not only exchange of information that's not enough but stopping the abuse itself of letting very very british people from the united states or europe or mega companies like apple like apple or google take
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their profits and instead of paying the taxes that they should pay as decent citizens put the tax free in these tax havens with the approval of the politicians of course who get the tax who would use this to generate campaign contributions so this is a scandal a system that really needs to stop not just some exchange of information there's been a little progress but we have a long way to go because it's estimated that there are maybe twenty trillion dollars of assets booked in these tax havens around the world that's an abuse of the public trust now that's a wrap for today's frenzy cafes so i and i'm going to be heading to switzerland for the davos economic forum and next week i'm going to be covering the event live all the nice for you i'm also going to be tweeting about it we hold it like to have also i since it joined me on that one but meantime have a great break if i. may
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lose. struggle with hunger each did. what if someone offers a lifetime food supply no charge. against g.m.o. and we think that's. pretty cool to have there is no. evidence any problem with genetic engineering when you make a deal. or is free cheese always in a mouse trap. three. is profit.

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