firm alleging wall street sexism now the suit was first filed back in two thousand and ten but on tuesday the women asked for a judge's approval to expand the suit claiming women at the investment firm were paid less and awarded fewer promotions than male coworkers goldman says the suit is without merit but the new filing on tuesday details allegations of rancid sexism and harassment at the firm saying quote this constellation of evidence reflects widespread concerns among women about gender bias and a boys' club atmosphere sexualization of women and uncorrected culture of sexual harassment and assault. the suit describes company sponsored visits to strip clubs and golf trips that were designed to intentionally exclude women along with a push up contest at the office how old are we and on one occasion where female v.p. was allegedly pinned against a wall and groped by a male associate who had walked her home not very hospitable and now this is all

very very bad stuff and the portion of this suit that got me especially fired up which you might be surprised about that really got me fired up was that the complaint allege that female d.p.s. at goldman earn twenty one percent less less than their male counterparts while female associates earned eight percent less the claim also pointed out that twenty three percent fewer women b.p.s. earn promotions to managing directors now listen i mean wall street has been the subject and fascination of people for decades because of its seedy crooked immoral bros only environment and today this startup slash tech world seems to be attracting a lot of the bros that would have formally been drawn to wall street but the first battle that needs to be fought and immediately is for equal pay for men and women in the workplace i do hope that these women when there's respective suits but more than that i hope that they go on to full careers and don't get cast off to a world of big settlement unemployed ladies that is not the point of all this

ladies now men and women are different and we ladies have to be smart about what we have to fight for and in my book equality at the very very least on a pay stub is imperative today. that these economy isn't just in a muddle through state it's in some sort of limbo kind of q one growth had two major downward revisions and the mask. monetary policy experiment by central banks has been really produce he expects expectations of results that we were hoping for now still the economy isn't doing terribly and many analysts foresee better days ahead but i'm wondering if people are kind of a little overly optimistic about the future right now so to get a better handle on this i'm joined by daniel alpert the founding partner of

westwood capital and the author of the book the age of over supplies so daniel first and foremost thank you so much for being here with me and being back on the show and you know a lot of people been coming on the program lately and saying that the u.s. economy is doing better and i don't doubt that for a second it is clearly doing better but you know i'm still worried about wage growth and high debt i just levels in general so what's your view on what's going on out there. well i think the first question i ask is better than what you know obviously the first quarter of this year was in better than anything it was a hell of a lot worse and yes we do see some monthly fluctuations and some of them are positive but not every not every piece of news is bad obviously in order to get to even two percent growth for the year we really need to see some pretty strong numbers in the three quarters that remain to be reported whether that's going to show up in this quarter's numbers i think there's a lot invested in that people are thinking you know they have some people out there thinking that you're going to see three and

a half percent growth on an annualized basis in the current in the quarter just ended whether that happens or not we'll find out soon some of the statistics do point in that direction but then you have to look at whether or not this quarter's just been a bounce back from the first quarter is absolute disaster so it's going to be very very interesting to watch. we had enormous growth in the u.s. economy fostered by bubble that of core of sorts in the housing market that bubble that has kind of run its course will go into the many reasons why it happened but let's just assume it did and we're not going to see the kind of upward price pressure from housing that we saw in that price pressure in housing really did drive a good deal of the increase in c.p.i. in p.c.'s anemic as it was during two thousand and thirteen and into the first half of this year where that's going to come from going forward i'm not so sure i do

believe that we've seen the services economy rebound a little bit people have a there you are seeing some elements of the normal virtuous circle that you expect to see in an economic expansion where people are being very good work but you know look at the wages that those people are being put to work at you go look at the types of positions there again better than last year so. certainly not anything to write home about now daniel the ten year us sovereign bonds are only yielding barely over two point five percent and that's pretty low for an economy that's supposed to be accelerating now is this that rate expectations inflation or the economy what would you say. but i think the sort of temporal movements that you see in bond yields from month to month obviously are a lot to do with economic statistics the longer term say six months to a year movements that we've been seeing certainly the enormous decline in yield since year in two thousand and thirteen really reflect the overall global

environment which is one of relative disinflation if not deflation in certain parts of the world very very little price pressure very little economic activity when you consider the developed world as a whole as opposed to looking at a little bit parts of it even the u.s. made in the in europe for example we have an incredibly unbalanced environment where germany is the only really strong economy in a place that has incredibly lackluster growth and inflation. and you look at the u.s. economy and you're tempted to look at it is though it's one unit and obviously in comparison to two very balkanized europe. you know euro zone where you have all these different countries and they're all. pursuing different policies because they don't have. real unified fiscal system the us is also very regional

economy and i think people sometimes don't really focus on that we're seeing very very good growth in some areas of the country and in others it's incredibly lackluster so. it's difficult to look at any of the advanced economies individual e. and not look at the the total package and i think when you look at the total package you're seeing. global growth and i do see there was a great report put out at the beginning of this week by claudio barrio of the bank of international settlements terrific terrific piece that he wrote and he he he hit the nail right on the head when you look at the advanced nations and are doing very well then i want to ask you i know that the last out of the u.s. commerce department showed retail spending in the u.s. actually did it when adjusted for inflation given manufacturing survey showing production and new orders rising is this a case of inventory stuffing or is the retail data skewed by some other factor but

inventory stuffing channel stuffing was what we saw at the end of last year when and we saw it you know really very harshly and i think a lot of the numbers that were coming out at the end of the fourth quarter two thousand and thirteen everybody was optimistic some people myself just way us a bloomberg a few other folks were commenting that this was in fact in the first quarter well of course none of us were weather forecasters we also had some bad weather but. i think but i think we were very we were very good forecast inventories relative. to all of me. some of what i could very very strongly. yields on the ten year twelve thirteen basis points. that the early signals trend for for bonds. responded differently and are basically being driven by what i regard as a very very sharp bear market you know i want to ask you think about that monetary

policy and. you see. there's a little tentative angle to the story just. like you hear. altie spanish find out more visit. a moment ago but has a point and we want to bring the u.k. into this whole story so i spoke to john as now he's the economics and business correspondent here here's what he had to say. the existence of. the u.s. is a lot better you know if you look at real g.d.p. . u.s.

is one of the best economies in the g. seven whereas the u.k. is actually one of the worst. so. you know right now the u.s. just had a massive. last quarter and the u.k. is actually growing quite well but you know i tend to i tend to say the signal is the long term trend and that the noise is the short term trend so i tend to say the us. position to weather the storm. in the u.k. you know we'll see we'll see how this how this develops over the coming months. to the fed on the bank of england raise rates in your opinion. i think they should raise rates if interest if sorry if if if inflation rises above that target i don't implement falls below that i'll get. right now that isn't the case so zero percent interest rates are. the only way only way to go you know is that you're still doing

cause there to be easing in where there. was such a huge such a huge setback. in first quarter growth it would i thought i think for to raise rates now would be. very foolish actually but you know. at the end of the year you know if inflation takes up at two percent you know if we have two two or three more steady course of the growth in unemployment falling then it will it will certainly be time to can said to get to please because this consider raising rates based on the fed's you know objectives of two percent inflation and you know less than five point five percent unemployment are you concerned that negative real interest rates cause resource misallocation and a credit bubble. i.e. i guess. it depends on its depends on a lot of things. negative real interest rates they are there obviously

it is sent an incentive to invest right but. whether that's going to whether that's going to go to men misallocation of capital or you know a beneficial occasion of capital really depends on people's mindsets in the market . and i think a lot of the growth you seen is sustainable and healthy and maybe a lot of it is bubbly and debt driven. but i think the bank for international settlements had a report out yesterday and it showed the comparison between the change in that verse is g.d.p. growth and actually that the countries with the most debt driven growth. you know china and brazil and the u.s. and the u.k. were actually actually looking relatively sustainable so i guess i'm in the u.k. there are there probably are a number of factors not be

a little bit concerned about with for example housing housing in london. and in the u.s. maybe maybe there are there are certain markets maybe technology stocks that are a little bit bubbly but right now i you know i wouldn't i wouldn't i wouldn't be overly concerned about real interest rates i'd be i'd be i'd be really concerned about trying to get a handle on unemployment and get it down below that five point five percent john why have the fed keep interest rates at zero with real interest rates negative when you can use fiscal policy to deal with the slack in the economy. well that's that's absolutely true but i mean i think the answer is congress isn't really. you know the appetite of fiscal policy from congress is pretty much nailed you know but we can dominate dominated house who believe you know passionately in austerity which is what david cameron over here believes and he believes in the the virtues of. you know confidence from from austerity and i thought you know i think that's

what you know people like john boehner. in the house believe in. so you know you if you can't get out you've got going to another stimulus bill cost then also ultimately. the fed's going to be the one carrying the can right but. you know with. the evidence i've seen from the bank of england which is that things like one stage of easing actually helps the rich much more never one else maybe that is something we should be worried about now the british council and george osborne has focused on austerity and he says that this focus is behind the improvement in the british economy is he right. i think the evidence is the there is a lot of confidence with businesses but whether or not that actually is a product that was thirty would be a very controversial argument because they were they were doing austerity you know four years ago and three years ago and the confidence wasn't there then so is is is

the confidence a product of a you know just just a just you know as ken said you know in the long run the sea is flat and everything recovers and you know markets tend towards growth and and so on or is that case of yours there it's working well you know we've had in britain we had a worse recovery from the two thousand and eight slump in the great depression so i think right now. the signs are that austerity. it doesn't look so good and. you know united states that north a lot better than we did and you know they had much stronger fiscal stimulus so i think i think it it be a long road outlook is good for keynes and not so good for us one more the british right to stay out of the euro yes evidently yes because. there are very few countries in the eurozone i didn't particularly well and with

britain's britain's economy being driven by its financial sector a lot of a lot of the economies in the euro zone it was a similar profile to britain like ireland and spain and and it's really. pretty terrible. your are right now germany is doing well in britain britain's economy isn't not at all like germany so i think i think. britain staying out of the euro was very beneficial. because the way that currency is constructed it's not it's not well designed for these these these kinds of shocks and these kind of prolonged. depression or variants. the fact that we stayed out of the euro is an accident based upon you know i think british nationalism. the idea of want to keep keep keep our own currency if the euro was a properly designed currency with you know proper fiscal transfers then i think

britain's entry into the euro. wouldn't be so bad but i don't i don't think it's a well designed currency and that's that's the yes you. that was john econ and business correspondent the week dot com time now for today's big deal. big deal time with edward harrison and today we are discussing money in tennis fun stuff so the sport that's hogging headlines this summer is cricket of course soccer and it's all thanks to the world cup but we're a boom bust we're also big fans of tennis and wimbledon is underway at the all english lawn and tennis club that's basically went wrong doris's for the french but it's what it's called so i want to check in with what's going on in the world of

tennis in terms of money so edward before we begin first and foremost and this is important because i want to tell well you know i noticed that the beginning we had this whole thing on the boat with maria cher oppose that i mean obviously so we have to reassure pro and she's one of my favorites but she's already she's got that you know what so i have no idea what is. going to go so now i'm going to go with. he's content is you know you know i'm going to go with joke and it's ok that to be honest i'd much rather federer that's what i was saying i think that he can win because joke of it's one five sets today but it was ok now i'm not sure what our show is a business so business insider ran a list of the highest paid to his players and we chose the top three earners of both men and women now at work can you break down the numbers here of the earnings for each of these players and to get them really i think we have a chart here you can see federer yeah earning sixty eight point two million dollars he's number one and we've got roughly on the dial he is at thirty five point six

and no that joke of it comes in third place at twenty six point four for the men were in the woman murray a share pole the number wall and six twenty six point five. followed closely by serena williams with twenty four point four million and. nineteen million wow that is really cool actually i really like looking at the sponsors for although. i don't know a lot of an adult really i don't know obviously americans more about that like a sock one movie or i thought movie or was they made you know you know they're like oh you know actually that is true in germany they do so i was looking at that i don't know which there's little that i was going to write in anyway they're hiring interventions and even edward watches out you hear in terms of how endorsements are kind of distributed and the money is allocated you know you see a lot of repeat sponsors with a bunch of people obviously but really what what's the standout for you you know i looked at a bunch of other sports like you know and federer he's huge in terms of sponsorship

what i noticed is that you know tennis you know they have huge amounts in the sponsorship side and so there's golf but when you look at the earnings for other sports like boxing or like even soccer football you know those those sports they didn't have huge amounts it's because maybe the sponsors are going for the high you know like people with high net worth following tennis or falling golf that is that's you know it seems like i wonder if it also has something to do with the fact these are individual sports it's harder to you know like a teen you have some player in the team can do something dubious and you're no longer going to be associated even when you only have one player that you are going to put on that's a risk reward there because they think it's interesting too because you when you think about this the biter. who you know everyone he lost a sponsor because he was buying this can't they're tiger woods you know he had a huge debacle but he came back whereas lance armstrong obviously he's never played . probably get away with doing something there you go and blade runner you can't

get away with stuff like that ok off color sorry that's home or not pretty. fair environment that we check out our facebook page based. dot com slash members are to you and me straight out as either an aide at edward n.h. from all of us here in both thank you for watching us the next time. the. war is probably the most complex and difficult to. hold. on. to the phenomenon of friendly fire probably extends back to the invention of gunpowder. just killed a bunch of people in their belief on the one thing their families their review of

people. reading. this summer shoots my brother in the leg not intentional because of it because it was nine times four in the morning even the best even the belch shoulders. are going to make mistakes this is this whole idea of brotherhood and order. and camaraderie in this sense it was in this context that has absolutely no place. in the slightly modified words of thomas jefferson what financial system ever existed a century and a half without a rebellion and what banking system can preserve its liberties have to bankers and not war from time to time that their customers preserve the spirit of resistance let them take financial monetary and crypto arms would signify

a few banks or bankers last a century or so the tree of liberty must be were fresh from time to time with the blood of patriots and banking time. if. you can jump in anytime you want.

drama. stories others refuse to notice. faces change. the picture of. life. from around the globe. up to. fifty. six good laboratory. was able to build a most sophisticated robot which fortunately doesn't give a darn about anything mission to teach creation why it should care about humans. this is why you should care only.

which put my. approach. death and devastation in a small village in eastern ukraine and poland by the country's air force we bring you an exclusive report from the same. launches air strikes on gaza to retaliate for the slaying of three israeli teenagers this is jerusalem witnesses the biggest clashes triggered by the killing of a seventeen year old palestinian. militants seize control of a key town on the iraqi syrian border expanding their control in the region even further we travel to the cities overrun by the extremists.