exactly did i say soledad not saying why the corporate. would you go after the corporations that just lawyer live profit over people and turn. redacted tonight for me is like medicine it's like a cancer to all the stress that the news put it under redacted tonight is a show where you can go to cry from laughing about the stuff that's going on in the world as opposed to just regular crying we're going to find out what the corporate mainstream media is not telling you about and we're going to filter it through some satirical comedic lenses to make it more digestible that's what we do every week hard hitting radical comedy news like redacted tonight is where it's.

time simone del rosario filling in for lindsay france you're watching boom bust broadcasting over around the world from right here in washington d.c. ok coming up tonight we've got a mixed bag in america americans filing for unemployment slightly higher than the week before but the job market is resilient as ever and companies are struggling to find experienced workers and trump care takes center stage the senate finally reveals its secret health care bill but as it stands the g.o.p. doesn't have the numbers to pass it will tell you which republicans are saying no go and we'll take the show to london where boom bust host lindsey france joins us she's got an interview with economist stephen keen on the back to break down that no. a lot more on boom bust and it all starts right now.

my. eye. the number of americans filing for unemployment benefits last week was a bit higher than analysts expected but it didn't miss the mark by much two hundred forty one thousand people applied up three thousand from the week before and one thousand higher than the week's estimate the number of people applying for benefits after losing their jobs has been below three hundred thousand for one hundred twenty straight weeks now the longest stretch since the one nine hundred seventy s. the last time it was above that mark was february of two thousand and fifteen all indications point to the labor market being pretty tight right now there's

apparently a shortage of experienced workers and companies are holding on to those workers as best they can the number of continually unemployed americans has been under two million for nearly a year meanwhile stocks traded higher today driven up mostly by gains in the health care sector which rose more than one percent as investors geared up for the senate long awaited unveiling of a health care bill to repeal and replace obamacare while giving the details of the senate bill later in the show but first the united kingdom prime minister theresa may brief european union leaders thursday night on how she plans to protect the rights of e.u. citizens living in the u.k. post brax it the prime minister is in brussels this week negotiating the u.k.'s departure with the european council at its summit when asked about hammering out the rights of citizens caught up in the split several european leaders including newly elected french president and model mccrone says we're just going to have to wait and see. but it will be true. i usually don't start. like us by

drawing up red lines i prefer defining those together so that if you go shooter can carry them but i think it's a good signal to open our exchanges with this subject which is the subject of the insanity for many of our citizens who currently lead the u.k. the shoes you don't see a lot of these citizens are worried about their status if a favorable agreement is not reached in time deportation is a real fear and european council president donald tusk made it clear the door is still open for the u.k. to back out of breath and stay in the e.u. the u.k. is less than two years now to finalize its exit and tomorrow marks exactly one year since u.k. citizens voted on that bracks that referendum let's go over to london now where boom bust lindsay france is on standby covering the anniversary lindsay you've been on the ground there getting the british take about that pivotal vote what are you hearing from the people there on the ground. right now one of the hottest days in the last forty one years here in london people are still on the

streets in the pubs in the coffee shops talking we've got a plan charted out in brussels one week of talks three weeks or so of scheming one week of talks and so on each month for the coming months and people want to know is that this party going on down there is we kick it off is it going to be fireworks or explosions they're talking money they're talking jobs productivity investment is everything going to fall apart well i just spent time with economist steve king today and he says pump the brakes everybody hold on it's not going to be that bad take a listen to what he has to say about that. one of the things that i think a lot of people are very curious about is how far we've come in here from the bronx that it's obviously a lot of happened since then especially recently that from an economic standpoint and the way especially that's affecting the people how much you think it's changed not a lot because the brics it but i was one of the few economists devoted full brakes that not that was what i thought it would do to benefit the u.k.

economy because i thought the european union was a disastrous club and the sooner it into the better given what it's done to europe but everybody you know the mainstream is saying is going to be a huge economic process people will stop buying milk tomorrow but they didn't the basement and continued on the government broke its stupid pledge to my entire no steering which improved government finances created spring growing a bit in the economy again so there's a bit of stimulus coming out of that but actually the economy has gone on pretty much as before and all the only now when you're starting to see a very gradual set of decisions by some financial corporations decide to realize i had to double and i went to frankfurt there's a bit of an effect turning up but it's mainly it was a minor event made into a major one because economists and politicians think that everything is about improving tried and in reality what keeps an economy going is improving investment and in fact some of the positive effects of bricks that such as the drop in the pound did more to stimulate investment than any amount of government policy has done but wouldn't you would wouldn't they also argue that. that the trade is the

investment you're going to get more of that possible investment in orlando which i think what's actually happened with all the focus upon try this is a bit like the old story about the frog in the water is the bricks it was made into a huge issue about lack of access to try it into an industry and so on but if you look at what's happened to you in the last twenty years it's gone from having manufacturing and being about twenty percent of its today pay to about ten percent of its you know what about it like in my country as well good to industrialised that's been happening all the way through all these promoted tried policies all these ones about getting a exposing overseas market special aussie. and services etc etc while that's happened you can just reach declined dramatically so this was just a bit of a white cop told the people it was no in here is important as they think what they've got to get back is investing in industry not focusing upon reducing tried various sort of spreading it out there is always this threat they're there still is that major companies banking houses are saying we are already buying our office

spaces overseas whether it's paris brussels they say frankfurt in some cases we are bracing for moving up to nine thousand employees over there if we lose our sort of employment rights for e.u. citizens you think that's an sort of an empty threat or do you think we're going to see this matter that some of the stuff i've already access to citizens to working in different parts of europe and you're carrying included i think is grandstanding because i was wondering alternately there is no one wants to make it impossible for somebody who's a fully employed professional to come and work in a different country it's really the the attitude was migration which caused that sought of the bricks of kind from people turning up who are competing with. unskilled workers will save the skilled workers and construction plumbing etc etc the famous polish blama right and that's the sod that people were complaining about but be given the amount of money that goes both wise and in that sense in many ways the europeans benefit more than the english too from going between the two right

locations you're cutting off your nose to spite your face if anybody actually makes it difficult so i think it's grandstanding i think that will disappear over time ok so here you argue that the british economy the british people more resilient than people wanted to give them credit for let's talk about the most recent these nine elections truth and getting turned on her head in some cases according to some people. what do you think flip there's so much people say was her rhetoric it was too harsh a pass austerity that she kind of went out on a limb that that broke because she was too arrogant about it i mean. but since i don't know what you're talking about is there a personal amends to that lack of a. strong reaction to the election was when the labor party manifesto was leaked and it included such things as abolishing student fees on universities now in germany that well known socialist country has no university face. policies about nationalizing the royal system who owns a british privatized british while it's mainly european public corporations that

are in local ryle etc etc you look at the stuff and you think this is reversing a series of policies which is supposed to work out to given the economic nose on a of course the economic disaster people look at these problems you say i like the look of that i'm going to vote for all the policies and all of a sudden my you thought you could play the whole thing on armstrong unstoppable in his wake and vacillating was blown out of the water bob policies and i really didn't have an idea of how to reply so i think the main thing here is people are voting for ending than they a liberal experiment that the u.k. has really been the epicenter of for the last thirty years leaked documents what know anything about that in elections and how that's where we cover politics in the last and it's interesting to see how that's wales i think that the liberal sort of manifesto let's talk about every since terrorist attack and it's now a fire that seems to have brought out a lot of emotions in people as far as he has but it's the may be the whole it's there to measure and it's also expose where this is come from because one of the

classics i mean normally a terrorist attack plays in favor of the party in power and when the manchester where i thought i thought that suited you can serve as well when it didn't people were saying look there's been a cutback in police forces we have had a dramatic cutback in police forces under the previous tory government when the minister responsible was tourism i and there was an incredibly embarrassing video shown of her speaking at a i try to probe a police tried union meeting where the guy who won the award is the community police officer of the year in two thousand and ten. about the cutbacks so he decided he couldn't put up with it any more he was leaving we've lost the capacity to be preemptive about the possibility of terrorist strikes this will lead to a catastrophe and money in that particular situation accused him of scam mongering now that completely undermined hurt the credibility of her focus upon him being strong and stable by cutting back the level of services we provide in this society and then of course gerry carbon came in and if anyone saw his reception at the

tower fire yeah it seemed it was markedly different and he came from a place of warmth where he didn't and it's it pertains it's so indicative of where people stand and how he was able to get in that sort of a more humane level and one of the most remarkable things i found out i mean watching jeremy coleman's behaviors inside rob he ran outside of three years ago to me seemed like a reasonable human being a lot of warmth maybe not a good column entry perform a bit of good human being as being able to stand up to blair out aspects of his own party for six to six hundred times across the floor against his own party so he's got a strong sense of principles and well and always been toy company like he was going to cetera et cetera but when he gets out to campaign he actually made some communicates with people and piers morgan of all people her whole note and i'm out saying in that photograph of the zam around a woman who'd been a victim of the far road compassion empathy leadership and i reach waited

it is more than your death that that is the extent to which there's been a political shift realizing when they do human focus the government in this country after thirty years of what was supposed to be a successful mechanical attitude to how you run a country which has filed so you think is playing sort of the iron lady card and she's not in on lady begin with which is a bit of a problem but also the online policies work on that but it was advertisement is the basic idea is it's going to be a cost roiled but it's good for you in the long run you're right you appreciate this when you turn for. well they've had forty years of this it tasted bad when i was a kid my life's a terrible now it's terrible terrible fate i don't want any more of your cost royal and with it's a really pivotal weeks in the british society that this is all happened in exactly that's that's the thing that made the eyes of the world are on them it's so pivotal and the actions we've seen taken by the voters and then how the drama and tragedy

has unfolded is gobstopper let's turn now to something you've mentioned in your book you talk about nobel prize winner robert lucas and his take on macro economics basically that it's proven it's proven everyone right but macroeconomics in the original sense has succeeded you call him out on that if you're listening there because this is robert lucas from two thousand and three is nobel prize winner president the american economic association argued that macroeconomics meaning the stuff the treasuries and the central banks to put in place before two thousand and seven has succeeded in preventing depressions you had absolutely no idea the process was coming i've been criticising that economics for forty years saying it's nonsense but the only way the public's going to realise that it's nonsense is when it leads us blindfolded into an economic catastrophe and that's precisely what happened in two thousand and seven let's talk about sort of the crowdfunding economists were hearing about these these projects you're working on this is very

interesting tell us about this. again one of the impacts of neoliberalism on university education here is the government as well is imposing nine thousand pounds per year things on the students when they promise northward unphased also deregulated first year in type so that students universities can offer as many positions that they like their own that's supposed to make it more like a mock up now for a market to work in they'd informed consumers i'm sure you know what you like and sims of clothing jewelry computers etc etc we've all balled thousands of pieces of clothing dozens of computers we know what's out there students by one universe. then here not only way you can have them being informed consumers the impact of that on my university and almost most of the low rank universities as being the destruction of their undergraduate humanities numbers making them financially nonvolatile that's happened to me at kingston so i was given the choice of either teaching four times as much all covering my own salary and author old crowd funded because i want to change economics globally not just to kingston they have started

a trend i think it is this trend in the first one to give it a try i'm halfway there is trying to start the trend for there what do you think the biggest stumbling blocks are going to be with. the bricks that it talks right now so that they've sorted out. the schedule at the top one week per month and go back to having to gather and plot complete amateurism on the british side really now that you have got to know what those negotiators should have read will they when to say the european union was yanis varoufakis was in the room because we read that you realize that the european union was prepared to gang up and intimidate and basically crush the group the greek negotiating team which they did very successfully and the british have given a lie on day one and they've agreed to stop by talking about the cost of the divorce settlement and then talking about the arrangements after that they should have said we do it in parallel and we only work out what the cost stop it worked out what the actual impacts are so they've been very spineless negotiators and i'm think as soon as they agreed to that the your opinion what we've got them ok so you

say spineless spineless spineless leave us a light at the end of the tunnel here what do you what do you think a positive could come out of i think the positive is going to be the only way that are going to be successful if you for jeremy called and gets involved in the negotiations as body he teaches me as a personal record it's got more capacity to decide you know unopposed in a negotiation than to reason why the show itself is being able to do and his later is still going to be here in two thousand and twenty two or so i need to make a cross party get together get rid of some of the political squabbles and maybe they might be able to go she had something sensible out of that. i think that's going to happen. so you know what the heck i'm in pa in the car in across the road and westminster probably not but if i don't the conservatives might destroy themselves by not agreeing to cooperate on this issue do you think that the. popular opinion being what it is right now very emotional right now do you think it could sway that do you think i think it really is the walls of not

a moment to have i think so because because there are enough people who believe one thing about parliamentarians who they do go back to the local electorates they do need people to read like the town hall meetings back on america and the amount of pressure they're going to be getting over this to stop the stop the bickering stop the point scoring you've got beaten realize you got beaten defectively but they still won the majority of votes really got beaten in the campaign and worked together for a decent post brix that u.k. other was they will go down very very badly whenever the next election is held no matter who they get to replace my you know i want to bring up something a book that was just written by two of candidate hillary clinton's campaign aides where they said that it was it was in the last chapter of the book where bill clinton looked at the returns coming in their worst nightmare and he said i was right about drax it that it was an indicator of how the u.s. may have voted do you do you agree with that the vote was an early in the caller yeah donald trump over here at his golf courses this bracks if that happened it was

sort of a a symbol for people some people rejected that though he said that he's quoted as saying that in front of a staff in the bunk do you think that that may have been true there's a there's a vote entirely against a whole new liberal period because they're supposed to propose to be but the market rule the market would spit on the market is inherently stable returns to equilibrium is very robust eccentric cetera that is a myth that it's a schoolbook so if the economics one of one myth of how the real world actually operates when you put that in is your actual policy you make the system more from joe more likely to break down more likely to have cross use and people have had thirty or forty years of it now it's more like maggie thatcher and ronald reagan saying what a great bright new world we've got right we've lived in the new over thirty years they don't like it they want to go to something better and that even voting for trump all these things were a sign of that political shift steve king thank you so much brand new crowd funded economists on our beds thank you very much thank you.

and he touches on a very hot button issue for people here they want to see of jeremy corbin well actually step into the ring very vocally after a trace of a snap election was called and she did anything but shore up strength for her side we've got a lot more to talk about this about artie's edge scholz teaming up with me and larry king we're going to go much deeper into brett's it tomorrow night a two hour special talking about one year later it's all right lindsey great interview really looking forward to friday show thank you and coming up after the break health care on the line members of the republican party are looking to repeal and replace the affordable care act but how will the american people fare as we go to break here are the numbers at the closing bell. and all the world's. only news companies nearly players but what kind of partners

are anti american r t america. r t america. usually just like the real you. that to. your. heart the. world's a stage or. i'm a trial lawyer i've spent countless hours foreign through documents that tell the story about. corporate media uses to talk about. the weird picture about how disturbing how. these are stories that no one knows. my ten year old. which.

would you have for breakfast while we just heard the first seizure what. was your biggest fear when. you were a result of the board to show you. that the next one. i did you. were. the world's best airline carrier is setting its sights on american airlines looking to buy at least eight hundred eight million dollars worth of stock on the open market qatar airways claims the top spot in sky attracts annual world airline awards even as it suffered in recent weeks over the crisis between doha and its middle east neighbors accused of funding terrorism in the region thursday american

airlines disclosed it recently received an unsolicited notice from qatar airways that the state owned company intends to buy a ten percent stake in the american company in order to get that go ahead to acquire that large of a share qatar must get permission from the company's board of request american airlines says the board has not yet received and ownership laws do keep foreign companies from purchasing twenty five percent or more informed voting interest in a regulatory finding american airlines made it clear their proposed investment was not solicited and would in no way change the company boards composition governance management or strategic direction and the trumpet ministrations strategy with venezuela's government could spell out more sanctions if the government does not change its behavior according to u.s. officials cited in a political article the country's been catapulted into chaos with expanding economic and political crises now venice will. and president nicolas maduro is vowing to rewrite the constitution in

a country that's been denied regional elections for several months the u.s. and venezuela battled it out in cannes koon mexico this week during a conference with the thirty four nation organization of american states the us is accusing venezuela of ignoring democratic values while venezuela accuses the u.s. of organizing a coup against the current government the country has seen daily protests that have turned violent dozens are dead on both sides and the u.s. has already imposed targeted sanctions against some top venezuelan officials including several members of its supreme court these targeted sanctions include freezing assets and keeping americans from doing business with the person or the company. after a failed first attempt republicans in congress are back with a new alternative to obamacare but is it really that much different from their initial pitch boom bust bianca she's joining us with more on that bianca what are

the key changes that you've identified in this proposal so this proposal that the key changes are regarding taxes and medicaid but there are still some similarities to obamacare that a lot of people to say the least we're not expecting for the second time senate republicans are attempting to get rid of the affordable care act but this time their proposal offers more of an adjustment than a full repeal we also agree on the need to strengthen medicaid preserve for patients with preexisting conditions and allow children to stay on their parents' health insurance through the. clues that we were able to rubber to draft that incorporate gen put from so many different members who represent so many different constituencies who are stationed show many different challenge. those few changes came as a surprise to some but there are still plenty of other aspects that set this poll apart this bill apart from the rest for example the medicaid expansion included in obamacare would be phased out completely over the next three to four years it would

save the federal government money by pushing millions of people who rely on medicaid into the individual insurance market instead one part that's included in both repeal bills is that part capita cap on federal medicaid spending with the intention of cutting it by two thousand and twenty five a vote is expected to take place by the end of next week following an official score from the congressional budget office but there's still a lot to sort out beforehand the senate g.o.p. has yet to nail down the amount of votes on need and a handful of republican senators have already said they aren't ready to vote on it it will likely be a tough fight. but the democrats right now to. the senate republican health care bill is a walls in sheep's clothing only this walls has even sharper to see than the house bill. the g.o.p. has also it also has to deal with some public outcry after the bill made its first

public appearance protesters made their way to capitol hill many of which swarmed senate majority leader mitch mcconnell's office a lot of changes that i'm sure they'll be pouring over and analyzing for days before they decide whether to vote on this let's talk about the obamacare attacks because that's been a real sticking point for a lot of republicans would this bill completely eliminate it yes it completely eliminates the three point eight percent tax that is imposed on americans that make over two hundred thousand dollars a year so it would be a win for wealthier americans obviously but another interesting tax change is that this bill includes a tax credit based on income which is what was a feature of obamacare in the original house bill proposal it was a tax break based on age which obviously would only really help older americans this change which was featured in obamacare would be helping a majority of americans so it just kind of another example of how this bill is a little more related to obamacare than some republican senators and congressmen

were trying to lead americans to believe which is why some conservative ones are against it. thank you so much for that report. so this story service just in time for thirsty thursday when he's not selling to suppress those with danny de vito george clooney is making a mint office to kill a brand cause amigos and he's rolling in a lot more than shot glasses and free booze the british beverage company poured out one billion dollars to buy cost amigos which clooney co-founded four years ago it's a full premium bar now for the. company that already owns don julio they own and grow so the company's share suffered a hangover though after the buy a stock prices dropped about two percent apparently investors reacted to that pricey tap no worries tequila drinkers are leaning toward more expensive tequilas to sip on instead of storing it up with a margarita mix and cost amigos is one of the fastest growing brands in the alcohol

realm and retails around fifty bucks ok about will do it for us for now from all of us here boom bust thanks for watching see you next time. here's what people have been saying about rejected in the senate just pull on. the only show i go out of my way to launch you know the moderates the really packs a punch oh yeah it is the john oliver of mark t. america is doing the same we are apparently better than the blue. sea people you've never heard of love jack tonight i'm president of the world bank so very. many seriously send us an e-mail.

to local blogs sell you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles they're going. to do so for the tell you that what we gossip to the public. advertising tells me you are not cool enough to buy their product. that we along the border will want. all the fear we took. every the world should experience. and you'll get it all the old world. according to josh.

welcome our world come along for the rock. coming up on our team america the daily greenfeld our fire that killed seventy nine experts now say victims and residents were exposed to highly toxic gas. prime minister theresa may continue to take heat she continues to take heat for the green fell incident this on the eve of the one year anniversary of brecht's that were on the ground in london with that story. and with acquittals this week for the police officers who killed the land oka steel and civil smith well discussed why this is becoming a pattern in america. it's their.