tv Boom Bust RT June 22, 2017 8:29pm-9:01pm EDT
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and as to the fact that this anti opiate exists and hopefully get it in the hands of other departments in los angeles and in california. and that is the news tonight follow me on twitter admin election i am an election and fitting in for ed schultz the for tonight from washington have a great night remember to question what. i'm
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going to do just that you're want to solitary and. watch the hawks founded by three young americans who love their country but we have to constantly question our government watching the hawks brings the stories the give voice to the points. we dig a little deeper we get the stories the average one else is afraid to touch is afraid to talk about because they don't want to upset their corporate sponsors or interrupt their government access now is the time more than ever we need to question more. we're in this post truth world we're world we're going to have to matter if it's about educating. people and giving them contacts instead of telling
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them what they can dialogue is far more valuable than to be. all the world. and all the news companies merely players but what kind of partners are n.t. america play r.t. america offer much more r.t. america offers. many ways of using landscape just like this you really lose big news good actors bad actors and in the end you could never you're all. so the park and all the world all the world all the world's a stage we are definitely a long. time
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cmon del rosario filling in for lindsay prince 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 lindsay france joins us she's got an interview with economist stephen keen on the back to break down that in a whole lot more on boom bust and it all starts right now. i
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. 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
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care sector which rose more than one percent as investors geared up for the senate's long awaited unveiling of the health care bill to repeal and replace obamacare we'll give you 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 breck's 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 manuel mccrone says we're just going to have to wait and see. but it would be to do. i usually don't start negotiations like views by drawing up red lines i prefer defining those together so that if you go she later can carry them but i think it's a good signal to open our exchanges with this subject on which is a subject for many of our citizens who currently lead in the u.k.
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and susie 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
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that this party going on down there as 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 it 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 brick said but i was one of the few economist who voted for that not because of 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 it's going to be a huge economic process people will stop buying milk tomorrow but they didn't the
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mention 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 is 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 at the norlin 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
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a huge issue about lack of access to try and decline 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 trade a pay to about ten percent of its you know what about it like in my country as well good to industrialization that's been happening all the way through all these promoted tried policies all these ones about getting a exposing to other states market special laws to. and services etc etc while that's happened you can just reach declined dramatically so this was just a bit of a why 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 was always this threat 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 it's sort of an empty threat or do you think we're
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going to see this matter that this is some of the stuff i have access to as citizens to working in different parts of europe and you 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 or it's really the the the attitude towards migration which caused that sought of the bricks of kind from people turning up who are competing with. unskilled workers will say me skilled workers in 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 do from going between the two 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
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people wanted to give them credit for let's talk about the most recent what these nine elections truth and getting turned on her head in some cases according to some people. what do you think flip this 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 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 give in the u.k. you can make no ivana of course the economic disaster people look at these problems
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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 by 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 the ne 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 everything terrorist attacks 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 thing measure and it's also expose where this is come from because one of the classics i mean normally a terrorist attack plays in five or 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
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a cutback in police forces we have had dramatic cut back and 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 in. 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 her 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 corbett 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
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people stand and how he was able to get in that sort of that 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 problem 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 like that 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 know they came out saying in that photograph of the zam around a woman who had been a victim of the far road compassion empathy leadership and i retreated because morgan you 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
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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. well i've had forty years of this it tasted bad when i was a kid my life's a terrible now it's terrible terrible effect i don't want any more of your cost royal and 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
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original sense has succeeded you call him out on that but your list here because this is robert lucas in 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 he had absolutely no idea the process was coming and 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' we're 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
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deregulated first year in type so that students universities can offer as many positions that they lock their own that's supposed to make them like a mock up now for a market to work in informed consumers i'm sure you know what you like and sometimes 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 university degree that are not on the 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 or covering my own salary and i thought i'll go crowd funded because i want to change economics globally not just to kingston i think it's starting 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 to try to somehow for there what do you think the biggest stumbling blocks are going to be with. the bracks it talks right
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now so that they've sorted out. the schedule at the top one week per month and go back and gather and plot complete amateurism on the british side really you have got to know what those negotiators should have read which will they went to see the european union was yanis varoufakis is 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. it worked out what the actual impacts are so they've been very spineless negotiators and i'm thinking as soon as they agree 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 right i'm going to be successful if you're i mean called and gets involved in the
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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 shown itself as 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 shout something sensible out of that isn't that's going to happen. sitting there with a heckle him and probably in the coming in across the road in 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 one of the walls of not a moment to have i think so because because there are enough people who one thing about parliamentarians who they do go back to the local electorates they do meet people who would like the town hall meetings back in america and the amount of pressure they're going to be getting over this to stop the stop the bickering stop
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the point scoring you've got big can realize you got beaten effectively but they still won the majority of votes really got beaten in the campaign and worked together for a decent post brix it 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 calendar yeah with donald trump over here at his golf courses this bracks if that happened it was sort of 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 do you think that that may have been true there's a there's a vote in totally against
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a whole new liberal period because they're suppose opposed to be but the market rule the market works better the market is inherently stable returns to equilibrium is very robust etc etc that is a myth that it's a school book 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 all front row 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 they've lived in the new over thirty years they don't like it they want to go to something better up and 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 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 our tease ed shelves teaming up with me and
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larry king we're going to go much deeper into brooks that tomorrow night a two hour special talking about brecht that one year later 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. most people think just stand out in this is this you need to be the first one on top of the story or the person with the loudest voice of the biggest read. truth to stand down to lose this is just the dance the right questions. the right answers.
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for your. 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 claimed the top spot in sky tracks 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
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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 strong 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 venezuelan 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
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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 one of 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
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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 perch health insurance through. i'm pleased that we were able to rob a draft that incorporates and put from so many different members who represent so many different constituents who were stationed show many different challenges 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
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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 with the democrats right now to the senate republican health care bill is a walls in sheep's clothing only this walls has even sharper teeth in 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
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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 that 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.
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so this story service just in time for thirsty thursday when he's not selling this process with danny de vito george clooney is making a mint off his tequila brand cost amigos and he's rolling in a lot more than shot glasses and free booze the british beverage company. out one billion dollars to buy cost amigo's 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 really grow so the company's share suffered a hangover though after the bias 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.
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of all that we. want. saudi arabia promotes a new crown prince how could affect the united states will take a look on this edition of. the politicking i mean homes in for larry king this week saudi arabia's king solomon appointed his son mohamed bin solomon as crown prince replacing his nephew who had been first in line to the throne what does this mean for the middle east and also for us saudi relations let's get an assessment from joel rubin he served as deputy assistant secretary of state for legislative affairs in the obama administration and is president of washington strategy group a global government affairs advisory firm droids.
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