tv Boom Bust RT August 11, 2017 8:29pm-9:01pm EDT
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these are stories that no one else can take on my pepto your host of american question. what politicians to do something to. put themselves on the line to get accepted or rejected. so when you want to be president or injury. or somehow want to preserve. what's it like to be cross with what before three in the morning can't be good that i'm interested always in the waters and look out. for sydney. i. didn't. want.
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the money but there. were. times the modeller barrio filling in for lindsey graham this is broadcasting around the world from right here in washington d.c. coming up nuclear nerd u.s. and north korea rhetoric is a rattling world markets this week stocks are down more than one trillion dollars and terrorist transactions the f.b.i. says isis is using e-bay to funnel money into the u.s. light only european exit millions of eggs are recalled after farmers use outlawed pesticides on chicken farms all that a whole lot more so sit tight starts right now.
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nuclear nerves are rattling stock markets worldwide the escalating war of words between the u.s. and north korea has caused world stocks to tumble more than one trillion dollars this week alone its global stocks worst week since president donald trump won the november presidential election the stock markets especially in the u.s. have typically been on a tear since then. the rhetoric being tossed back and forth have some investors recoiling on friday morning trump tweeted military solutions are now fully in place locked and loaded should north korea act unwisely hopefully will find another path investors are taking cover in the yen which had an eight week high against the dollar its biggest weekly gain since may the end typically benefits during times of
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geo political stress the swiss franc also on a roll seeing its biggest weekly rise in more than a year and investors are also turning to gold and government bonds for security the most closely watched barometer measuring market volatility in the u.s. the vix hit its highest mark since the week of the presidential election the euro zone's equivalent also hit its highest mark since france's april election and china's volatility gauge jumped to its highest level in seven months. well south korea's stock exchange cost fell to an eleven week low but all things considered analysts view the week's losses as relatively modest the cost is up seventeen percent this year making it one of the best performing indexes in the world and as you can see here it's still trading near record highs so why is the closest u.s. ally to north korea not as fazed over the war of words between trump and north
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korean leaders to start south korea is used to seeing tensions with its northern neighbor rise and fall and find the recent increase in threats irrelevant to investing despite the world markets rattled view mom and pop investors the south korea's recent surge as the perfect time to take on more risk in the market and even consider the north korea risk as an investment opportunity and the ability to buy stock for cheap as koreans continue buying shares keeps the cost me from seeing more major sell offs the only concern some local investors have is that foreign investors could spook south koreans are used to the tension coming from the north outside of korea others aren't disheartened. this isn't a station of finance has made it easier to conduct everyday transactions in many ways both on the web and mobile based platforms but it's also posed unique
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challenges when it comes to criminal activity especially global terrorism boom bust bianca she has more on that for us now bianka new f.b.i. documents are showing how isis leaders were funneling their money what website where they using to do it so isis uses a variety of digital platforms to do that but these new f.b.i. documents show that they were using e-bay which is obviously an online retailer and e-commerce website funnel their money so they're beyond just digital payment systems now they've moved on to new pastures. over a year ago mohamed el shaarawy was arrested in maryland after providing material support to isis but the case didn't turn out like some of the other ones we've seen in the u.s. this time around investigators discovered how the islamic state operated a global financial network using e-bay according to newly uncovered f.b.i. documents elsham now we pretended to sell printers on e bay as a cover for the payments he received from isis on pay pal and they believe the cash
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they raked in was meant to fund terror attacks the method investigators say was practiced by isis around the world and in fact the network spend all the way to bangladesh and was managed by one of the groups now deceased leaders in syria in response to the news a spokesman from e-bay said the company has zero tolerance for criminal activities taking place on our marketplace and a spokeswoman for pay pal said it invest significant time and resources in working to prevent terrorist activity on our platform and tries to proactively report suspicious activities and respond quickly to lawful requests to support law enforcement agencies and their investigation so far cooperation between the private sector and federal authorities hasn't been enough isis is largely considered the world's richest terrorist organization pulling in millions through theft smuggling and other means but they can't keep all of their riches and cash because it's too risky so they have no choice but to at least partially rely on digital payment
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systems like pay pal they're also known to use other payment methods like prepaid cards and bitcoin and while they may have mostly been shut out of the global banking system the group still has access to some banks in syria in order to stop isis and other criminal groups from having those abilities a string of laws have been proposed in the u.s. and elsewhere but many of those proposals are controversial because of the new type of regulations they suggest. r.f.e. r.l. let's talk about some of these proposals that you mentioned what are they include. well in the u.s. and a handful of proposals elsewhere in the world we're seeing a lot of suggestions to either heavily regulate crypto currency and bitcoin or ban it all together in direct response to all the terrorism funding activity that they're seeing in the u.s. back in may we saw a proposal from a group of us lawmakers it was the third iteration of this bill they've been working on it since two thousand and eleven it's an anti-terrorism funding bill and in it they said that we should be declaring our bitcoin cryptocurrency holdings at
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the border similar to the way we sort of regulate cash if you were to buy something if you're carrying ten thousand dollars on you or you're traveling with it and you don't let the authorities know you might be getting a phone call from them so they're saying we should do the same thing with bitcoin cryptocurrency is but once that was once that was that detail was added in the bill lot of advocates came out and said one this is unnecessary because we have plenty of other laws that are meant to regulate this and to cryptocurrency is very different it's not the same as cash is not the same as credit cards and debit cards it's more complex and that law cannot apply the same way to that point well so do these proposals say anything about cash or do they just pick on crypto currency certainly i mean the thing with cash and bitcoin is they're both anonymous right but once you're like i said and you're pulling in millions of dollars every day you can't just keep piles of cash around it's too risky so they have to put their money somewhere else so they're going to need it and they're keeping up with technology the same way the rest of society is so in january in the e.u.
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the european commission actually proposed a proposal of cash limits and that was six months after they eliminated the five hundred euro bills so we're seeing the same sort of proposals within the e.u. and there's a lot of opposition and all the way over in india of course that was probably the biggest news last year when they eliminated almost eighty percent of all banknotes in regular in me in the country to eliminate black market crime and just to cut out the black market so it's definitely something we're seeing pop up across the world. thank you so much for that report. and now to a report that suggests the two thousand and sixteen d.n.c. hack could have been an inside job former n.s.a. employees have begun to examine the hack and the data points to someone having
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access to the d.n.c. systems on the inside. this explains why. former n.s.a. intelligence officers are saying there was no half of the d.n.c. system last year but instead it was a leak and they claim hard evidence proves it published this week in the nation link the article details for the first time what the experts call solid evidence in the case their results there was no hack of the democratic national committee system on july fifth last year not by the russians and not by anyone else hard science now demonstrates it was a leak download executed locally with a memory key or similarly portable data storage device. after analyzing the transfer rate of the alleged hacked material the experts found the transfer times of the files would simply be impossible without someone being actually in the d.n.c. building according to the report on july fifth two thousand and sixteen one thousand nine hundred seventy six megabytes of data were downloaded from the d.n.c. server the operation took eighty seven seconds this produces
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a transfer rate of twenty two point seven megabytes per second in twenty sixteen no internet service provider would have had this week capability to enable a hacker to download those files further proving that it would be impossible for groups of her to have run the so-called hack from romania because the findings suggest there would have been delivery overheads which would slow down the speed of a hack even from the maximum achievable speeds the article states timestamps in the met a data indicate the download occurred somewhere on the east coast of the united states not russia romania or anywhere else outside of the eastern time zone to determine the maximum achievable speed friends ikeda recently ran a test. download of the comparable transfer rate forty miles away from his computer through a server that was twenty miles away and came up with a speed of eleven point eight megabytes per second half of what the d.n.c. operation would need if it in fact were a hack further investigation is needed but if there are poor proves to be true the former n.s.a. computer engineers claims that this will be the first piece of hard evidence in the
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d.n.c. hack reporting in new york trinity chavez r.t. . and now trinity is joining us live from our new york studio trinity there have been countless investigations some of which is still going on but it's resulted in little to no hard evidence here what's the likelihood this report will prove to be true. good evening simone there is been a lot of gray area when it comes to this scandal so further investigation is definitely needed but what's interesting is that no intelligence agency has actually examined the d.n.c. server so we can only hope that the investigations are actually being based on hard evidence not just easy assumptions or hearsay but since these investigations are not transparent it seems the only way to be sure the investigations actually stay on track is to make the evidence available to the public and since this report how's gone public some say evidence proves that there was no rush and how but then
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others question exactly how the work was done the nation reported all those who were interviewed came in between ninety percent and one hundred percent of certainty that the forensics prove that there was an inside job that happened but when edward loomis who is the technical director in the n.s.a. when he was asked about the other ten percent that he didn't account for he said that he looked at the work and it showed that there was no russian have but he knows that he wasn't the one who actually did the work that's the ten percent that he was talking about simone trinity it's been more than a year now since back do we know how long these people working on this report. now these experts have been working on the d.n.c. case immediately after all the events transpired in the last july last year they claim that they have had decades of experience in matters like this concerning russian intelligence and or even a part of a group called the veteran intelligence professionals for sanity also known as v.i.p.'s or to use your new job as a new york thanks so much. ok time now for
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a quick break but stick around when we return a butter crisis with billions of euros at stake how europe lost ninety nine percent of its reserves later lionel joins us to talk taxes on robots one country look at the punish the use of robots first fear is they'll replace human workers as we go to break here the numbers at the closing bell.
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eggs contaminated with a potentially dangerous pesticide are spread around stores and restaurants all over the eastern hemisphere triggering massive recalls though many of the eggs have already been eaten people in fifteen european countries along with hong kong and switzerland are at risk though authorities at this time are downplaying the damage the substance can cause the eggs originate from the netherlands belgium germany and france they've been found to contain five brunel a an insecticide used to kill lice intakes but that's banned by the e.u. for use in the food industry authorities believe chicken farms used any way to combat lice affecting the eggs of laying hens the insecticide can damage people's
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kidneys liver and thyroid glands if eaten in large quantities at this time experts believe the amount aids is not enough for serious risk to public health authorities though have shut down more than one hundred poultry farms during the investigation and even made some arrests the u.k. received about seven hundred thousand aids from potentially contaminated farms and processed foods containing aids have also been pulled from supermarkets belgium the netherlands and germany have withdrawn millions of eggs from the shelves in france about two hundred fifty thousand effective aids have already been sold in the country since april and the remaining eggs are being taken out of the stores the newest victim now is hong kong whose government just identified contaminated dutch eggs last week and asked shops to remove the products european ministers and regulators are meeting at the end of this september to discuss the crisis. and they aren't the only breakfast food under attack in europe the block is in the center of a major voter crisis with the price of europeans morning croissants or pastry set
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to explode apparently europeans are eating an increasing amount of butter and there is a shortage of milk production. so the decrease in supply an increase in demand as the price of the popular dairy products doubling this year the numbers associated with this story are seriously mind boggling according to the european union but our reserves have fallen ninety nine per cent in the past year in may of two thousand and sixteen the e.u. held more than ninety two thousand tonnes of butter by may have twenty seventeen the reserve was down to less than fourteen hundred tonnes but our consumption is back on the rebound after years of consumers turning to alternatives like margarine now it's because the new health craze is getting back into more natural less processed foods butter demand from china is also booming pastry chefs are warning the price of their products will have to rise because of the crisis now while it may seem like a petty french problem the pastry industry rakes in big bucks in france around
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eight half billion euros a year leaving many to utter i can't believe there's no better. we know the retail industry is struggling but it seems casual restaurants are not far behind on thursday the company that owns applebee's and i hope announced it plans to close as many as one hundred sixty restaurants underscoring the pressure casual dining restaurants are facing shares in the company dine equity have fallen forty nine percent this year joining me to talk about a restaurant realty expert harold schumacher president managing broker of the schumacher group harold thanks for being here i'm at i want to know like what's the biggest driver behind such a shocking turn for a company like dein equity they originally thought they would only have to close sixty stores now announcing one hundred sixty what is it. it's it's actually the cumulation of along a longer period of time if you think about diners to day experience. the majority
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of diners or younger people who are just tired of that similar rig spirits everywhere in the country they want something unique and different and the applebee's the chiles the i half of the world are not providing they're providing the same product the same look everywhere in the country and i think the majority of consumers are just tired of it they're looking for a variety of alternative choices so you see this more as a lack of foot traffic going into these restaurants. it's a it's it's a combination of a lack of people coming there and more and more choices to go to. if you look across the country restaurants have been the fastest growing segment of the retail industry and frankly been looked at as the savior or something like forty five percent of all the leases done twenty fifteen restaurants and if you think almost any city in the country and you start thinking you can begin to rattle off five six ten twenty thirty restaurants are open to your neighborhood in your market in your city in the last couple years so it's a combination of fewer people wanting your product added by the factors
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a variety of new choices to go to do you think that the restaurant industry and casual dining places like applebee's do you think that they were pushing too much aggressive growth and expansion for a time did they get themselves into this mass basically. he the tips the easy temptations to say probably yes but at the same time what they were doing is probably the same as retail follows rooftop so is the suburbs grew especially in the ninety's and the two thousands around the country shopping malls were built shopping centers were built the restaurants just followed the populations and for a while it was in balance and probably the last ten or so years the balances begin to shift as a new generation of diners have come into the picture now of course we all know with businesses location is key it can make or break a business what would you tell a restaurant company to look for when deciding on a location. i wish it was quite as easy ideally want as many audiences ideally want as many audiences possibly want to have
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a daytime audience an evening audience a weekend audience an audience of travellers visiting your city area and you seldom get all three then you have to pick and choose there ok i'm really good at breakfast i'm really good at dinner and so it's a combination of things and people have figured out there are still there are winners and there will be winners that will emerge it'll just be interesting to me to see what those oversized restaurant boxes are going to become three and five years down the road carol do we think the winners right now are the fast casual restaurants like pinero brad or chipotle a are are they the reason that these older school restaurants are having to close their doors they're a big part because we think about if the customer can get a quality product quality quality food at a premier or. but not not paying a tip so the saved the money and the quality is inching up where is as good as what
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you might get in a sit down restaurant it's quicker the atmosphere is a little more warming and friendly spontaneous the surroundings feel fresher they're not tired. so that the fast casual competitor is a big big part of what's nipping at the casual dining. restaurants around the country now there are some economists like goldman sachs that are arguing that the commercial real estate property values have been stretched now and now they're overvalued obviously we see so many retail industry shutting their doors so do you think that something to worry about our commercial space is too expensive. well that's a couple different questions as a broker we are representing the tenants and we always think it's too expensive. but in general i think most a lot of economists are are saying that there's anywhere from three to five thousand too many restaurants in this country and the the inventory has to pare down a little bit and i think that will occur and i think you'll see people pick up that
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space but restaurant retail roll rates in the most the major cities in the better markets are on the increase so yes there are pockets everywhere in the country where rates are what they were twenty years ago but if you go to atlanta or any other big city and you want to be in a desirable you know who cool hip neighborhood rents are very aggressive and as high as they've been maybe ever in many many situations so even if applebee's closes its doors there's going to be someone else move in and harold you know you're talking about you represent golden corral hooters logan's roadhouse so you know a thing or two about restaurant real estate harold schumacher president and managing broker of the schumacher group thank you so much for talking with us today thank you appreciate it. amid fears of robots could take the place of human workers one country's government is making the first moves to disincentives automated technology the administration of south korean president in apparently plans to downsize the tax deduction benefits previous administrations have given to
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companies that actually invest in productivity boosting infrastructure like robots let's bring in legal and media analyst line of vinyl media to talk about this one because lionel i can't think of anyone who wants to talk about robots more so there's his love i know you do there's this notion of an a regional robot tax that's to make up for the decreasing tax revenue on the worker side obviously if workers lose their jobs to robots the government loses income on that tax revenue and has to figure out how to pay for the welfare programs for all those people that lost their jobs but this isn't quite a robot tax it's sort of related what's your take on it. well first of all south korea is at a seventeen year high in terms of unemployment and they have like five hundred robots for every ten thousand workers i mean robots are critical but i don't know where they're going to do perhaps suggest are going to hand craft a hyundai and some coleman appalachian i don't know but look who's behind this look
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who supports his bill gates bill gates said you know when a robot to use when a robot makes let's say or a person the factory worker makes fifty thousand dollars we tax i'm a social security income tax but when a robot makes whatever it makes there's no tax so they're going to go from like a seven percent corporate investment benefit to maybe two percent but here is the idea and magine samone if you're a hyundai which which of course most of the businesses that are affected by this are or automation businesses warehousing automotive in the way nothing really evolving ai but you're going to cut down on your innovative addition of of robots to to do what exactly to become more effect than it does it and the. while is there a danger in what you just said in coming up with
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a way to deter companies from natural innovation i mean are we just delaying the inevitable here it's going to happen exactly there's over a million going to fifty two million people and in south they've got a million who are jobless so the idea is that whatever monies they can make up in terms of reducing that tax benefit you can go to welfare programs and unemployment in the like but that's just a quick fix look this is the reality when you have let's say jeff bezos and you have these huge warehouses that one day are going to have no human workers they're going to work twenty four hours a day think about this pitch black in the dead of winter or in sweltering heat no problem no unions no all over time no workman's comp no injuries no labor no strikes no nothing no restrooms no no slip and fall no insurance no nothing it is absolutely a job now products go up retail goes up stock prices go up instead of go up stock
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goes up this is terrific however unemployment also goes up what do you do to moan how do you tell people stop being innovative stop stop making your business more efficient stop competing with with baze owners it's a terrible. right when when you're talking about stopping you know strikes and things like that i can just imagine the c.e.o.'s around the world drolling at your words lionel well i have to leave it there glad to have ended the show with you thanks so much a legal and media analyst lionel why no media always a pleasure thank you ok all that'll do it for us for now you can always check out the show on you tube you tube dot com slash boom bust r t thanks for watching us we'll see you next time.
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all the fuel we don't agree on. every the world should experience. and you'll get it on the old roll. but according to josh. welcome our world com i am sure there are. all the worlds and all the news companies nearly players but what kind of partners are into america play r.t. america offers more artsy american cars. many ways and use landscape just like the real news big news good actors bad actors and in the end you could
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never you're. so much parking all the world all the world's all the world's a stage we are definitely a player. there's a real irony going. to want to bring out a responsible voice in the people and there is always well that's what it was it always. means either left or you know hold still surveillance you feel you have
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already and while there's room to be in the eyes then trump has used the social media are always on the story because it's garbage in real. larry good now we're in a lot of the foremost part of school geri halliwell made the spice girls push when you've got a mixture of cum asha with portraits on the to collide and it's really is it's reflecting what the world is feeling when i was going through trouble when i left spice girls he was that for me when i had my first child i had no it really was that for me and also when i had you know music to play not wasn't sure where to go george negus very honest with me you know the darkness that we're all going to think about what america's going to enforce and i think what. you and i as a community do and i think sometimes it's the.
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