so. i think the average viewer just after watching a couple of segments understands that we're telling stories that are critics can't tell and you know why because their advertisers won't let them. in order to create change you have to be honest you have to tell the truth artie's able to do that every story is built on going after the back story to what's really happening out there to the american what's happening when a corporation makes a pharmaceutical chills people when

a company in the environmental business ends up polluting a river that causes cancer and other illnesses they put all the health risk all the dangers out to the american public those are stories that we tell every we can you know want their working. time few million dollars aureole billion for lindsey france you're watching boom box broadcasting around the world from right here in washington d.c. coming right out korea crack down china ban from north korean imports complying with you but it comes with a warning to president trump plus public private partnerships the u.s. expects to use these to prop up america's failing infrastructure will work and bit coin bubble new heights for the cryptocurrency as it breaks through a four it thousand dollar barrier but our government. secretly trying to stifle it

stand by all that more starts right now. china is banning key north korean imports starting tuesday a move made to comply with un sanctions and possibly placate u.s. president donald trump china it announced monday it's a whole ting imports of north korean coal iron and seafood the announcement follows a weekend phone call between chinese president xi and trump about how to deal with north korea's nuclear advancements trump's been threatening to investigate china's alleged theft of u.s. intellectual property which could or could result in severe trade penalties beijing has warned trump not to use the threat of a trade war to pressure china on north korea calling relation between china and the

u.s. should be based on mutual respect and each other's needs are interesting the issues of the korea and insulin trade are two separate lines china and the u.s. should respect each other and enhanced cooperation on these two issues it is obviously inappropriate to use one issue as a tool as imposing pressure for another one china is by far north korea's biggest trading partner accounting for roughly ninety percent of pyongyang is international engagement the first half of two thousand and seventeen in beijing reported a ten percent rise in trade with north korea compared with the same period last year which china says is normal for its relationship that is not covered by think sions iron ore imports had jumped sixty percent and chinese exports spiked nearly thirty percent but because of a coal ban coal imports were down seventy five percent the move to ban more north korean imports conform with the latest u.n. resolution saying that china signed on to support. well in response

to recent saying since the u.s. imposed on iran iran's parliament has agreed to increase spending on the country's missile program and military according to state media lawmakers sunday overwhelmingly approved the outlines of a new spending bill to quote counter america's terrorist and adventurous actions in parliament they chanted death to america the new u.s. sanctions had targeted iran over its ballistic missile program and missile tests but iran maintains the tests do not violate its twenty fifteen nuclear agreement because the tests are for defensive purposes there's been rising anger in iran over trump's threats to renegotiate or dump the nuclear deal struck under former president barack obama this spending bill is a response to that anger so what's in it the measure would give hundreds of millions of dollars each to iran's ballistic missile program and the foreign operations of its revolutionary guard said to be operating in iraq and syria the government of iran is moderate president hassan rouhani is said to support the bill

which now heads to an oversight committee for approval. another corporate leader has resigned from working with trump on policy because of political controversy on monday the c.e.o. of pharmaceutical giant merck and company kenneth frazier resigned from the president's american manufacturing council after trump's widely criticized reaction to an attack in charlottesville virginia trump condemned violence on many sides after the day long melee between white supremacists and counter protesters ended with a man driving into a crowd of counter protesters killing a woman and injuring many more merch c.e.o. frazier announced in his resignation that america's leaders must honor our fundamental values by clearly rejecting expressions of hatred bigotry and group supremacy saying he felt a responsibility to take a stand against intolerance and extremism back tweeting less than an hour later that now that ken frazier of merck pharma. resigned from the president's

manufacturing council he will have more time to lower ripoff drug prices. while most of trump's agenda has failed to gain steam so far in congress one area where he has arguably the most bipartisan support is in his promise to make american infrastructure great again the wheels have yet to start turning on this and the details are slim but what we do know is that he plans to heavily rely on public private partnerships known as pete three that's when a government contracts with a private company to finance build and maintain a public works project but how does it really work on a grand scale and will it work at all joining me is michael bell and president and c.e.o. of the associated builders and contractors michael thanks for being here oh it's a pleasure ok first of all i would love for you to explain to me what the point is behind peete three well public private partnerships essentially do

a couple things for you but first and foremost they leverage the strengths that private sector brings with the strengths of the government sector so in other words the government has the faith and credit of the united states behind it so for instance if there's an income stream that can be backed by that faith and credit that's highly valuable to the private sector in terms of getting an infrastructure project done because they can go out to the debt market and securitize that fund and in that preservation you for matt and build the project but where does this funding come from the funding comes from an income stream so all public private partnerships that are successful have to have a sustainable income stream that can last the length of the public private partnership or the life of the infrastructure this is very very important that this is taxpayer dollars correct i mean this is we're talking about tolls and taxes here that could fund things like roads yes but not now. sara lee taxes really the best

infrastructure project projects have a revenue stream based upon the use of that particular project so i spent thirty years in the industry and part of my career was in the public private partnership area with military family housing and so basically what the federal government does is they give a housing allowance to our troops the military that defend our country what the private sector did was securitized that particular housing allowance over a twenty five year period in exchange for building new higher quality housing something that the federal government could do because the annual appropriation process so taking advantage of that private sector innovation and you know the debt markets they were able to accomplish something that would have taken the government hundred years got it done twenty five or so in people are talking about securing new sources of funding right off the back it has more to do with being able to

secure it right away through a private company rather than with the government you're saying because of the annual appropriations it would take multiple years to gather that kind of sting it's no different than when you or i go out and get a mortgage on a home basically the bank is saying hey small you've got a great job you've got a lot of income but you don't have the money right now the loan you that money to buy your house and you'll pay me back over that period of time through that income stream but you have same thing if a road has good ridership military family housing has a good base housing allowances a building has a good lease or you're doing you're saying over that period ten twenty twenty five years i know that income stream is solid so i want to give you the money now to build michael you're talking about a perfect scenario situation if the road has a lot of traffic if this if that unfortunately we know things don't always work out very well with p three s. and there's obviously someone in trump's own administer. ration who has

a good good relationship with this in fact and that's his vice president mike pence he greenly a lot of people three interactions in his own state of indiana but it has not come without its criticism in interstate sixty nine there's a lot of issues with that they found that the project was severely behind schedule by years there were longer commutes for the travelers and on top of it there were increased traffic accidents so what happened in that instance i think is probably a little bit too early to tell from the articles that i've read you know the jury's out there trying to do some after action reviews but we've done a lot of public private partnerships in the country and also across the globe and i think there's three things first you have to have that financial income stream that sustainable income stream because it was not financially stable and sustainable over a long period time it will fail second thing you need to do if you need to set up the agreement so that it's a win for everybody because these partnerships are twenty five years long fifty

years long so if you're a partner that's losing money or you're not winning you're not going to be around maybe you'll go bankrupt or whatever it might be so you've got to get that right upfront and the third thing you do is the cost to pursue these jobs is very high it's very complex so the government needs to do its best job to streamline news to make it as transparent as possible so that we can come up with that win win on that secure sustainable income stream those three you've got to wonder so how can we learn from the failures that we've seen well i think that those are the learnings those i would wager learnings because that's where public private partnerships fail such as pushing on that income stream what happens is people get very speculative on economic impact except there but if you have good solid ridership numbers good solid lease rates good solid income stream you're going to have a good opportunity to do a successful public private partnership where else in the world have we seen p three s. work to. great success well canada does these quite a bit they do it

a lot of social infrastructure they do it in health care they do it in education so canada does quite a bit over in europe as well as in asia and also down in south america with power infrastructure things like that so it's very very successful it's been tested there have been failures but generally speaking those failures are because no income stream is not a win win deal and it's not in the best interests of the oh my god i think we're all interested in hearing a little bit more about trump's ideas for his infrastructure plan michael president and c.e.o. of associated builders and contractors thank you so much for your time today thank you to. all right time now for a quick break stick around when we return china looks to take over an iconic american company and facing floods of asylum seekers from the u.s. canada to an old olympic stadium. as we go to break here the numbers the closing bell.

why would you put. you right. there. or. your watching our team america special report that there. is one that's. basically everything that you think you know about civil

society have broken down. there's always going to be somebody else one step ahead of that. we should not be. normalizing. we don't they would like the foreigner. this is an incredibly situation. one of detroit's big three automakers could become property of the chinese a prominent chinese automaker made a bid to buy chrysler automobiles according to an automotive news report monday f.c.a. reportedly rejected the bid for not being enough money the bid was believed to be a small premium over the company's market value f.c.a. is declining to comment on this report but automotive news claims this bid came from one of just multiple chinese automakers that are weighing similar takeover

proposals a chinese takeover of iconic american brands like jeep chrysler and dawn could face pushback from the u.s. because in early two thousand and nine the u.s. government bailed out the big three automakers g.m. ford and chrysler to the tune of eighty billion dollars chrysler received twelve point five billion dollars in taxpayer funds the original american company has been zero now by german automaker daimler the federal government and now italian automaker fear but the chinese could be next the chinese government is said to be pushing companies to seek takeover opportunities overseas and chrysler seems to be a prime target. more than half of belgium's economic output is being funneled into tax havens that's according to belgian media. belgium's gross domestic product was around four hundred billion. rose in two thousand and sixteen according to tax authorities belgian companies have sent two hundred twenty one

billion euros to tax havens or more than half the country's g.d.p. back in two thousand and fifteen the european union released a list of thirty international tax havens to crack down on companies that might try to avoid paying tax in the block these havens include hong kong monaco and the cayman islands if a belgian company pays more than one hundred thousand euros into bank accounts or to people living in one of the blacklisted countries it must declare those payments according to authorities last year eight hundred fifty three belgian companies reported making payments totaling two hundred twenty one billion euros or an average of two hundred sixty million euros per company. well a significant sum the amount miss is twenty fifteen's marked by more than fifty billion euros the drop could be explained by the exclusion of luxembourg where belgian businesses are no longer required to report dealings luxembourg was at the center of a financial scandal uncovered in two thousand and fourteen known as the looks leaks

which showed a concerted effort by the country to help save some of the world's largest companies billions in taxes belgian businesses and luxembourg about sixty billion euros annually while tax avoidance is technically legal in the e.u. officials in brussels have been fighting to crack down on it. because it may not be considered mainstream yet but its success has been hard to ignore this week the cryptocurrency broke a number of major record surprising many skeptics that thought it was headed for a downturn instead. it has more on this for us now it's pretty unbelievable what led to bitcoin surge over the weekend well there's a few reasons that led to the surge but the biggest one is the fact that bitcoin survived the recent split into two currencies when most people were expecting a very different aftermath about

a week ago bitcoin past three thousand dollars for the first time ever it was more than just another record breaker though it came shortly after a bit when split into two currencies and that led many analysts to say that it would have a very difficult time overcoming that breach but instead the opposite happened on monday morning that quinn was trading at four thousand three hundred four dollars and twelve cents up almost three hundred dollars from the day before and that's nearly a one thousand dollars jump from last week so now everyone's asking why and there's a few reasons for starters confidence and bitcoin survived after the split which was highly unexpected and days later a change in the code modification. it was installed allowing users to store more transactions in the block chain we can also look to the craze surrounding initial coin offerings in fact the amount raised through i c o o's has surpassed the amount raised through venture capital funding in april of this year at the total raised it was just under one hundred million dollars by may

almost two hundred fifty million and by june it hit over five hundred fifty million jumping past venture capital for the first time it fell in july but still remained higher than v.c. funding while it's exciting for bitcoin advocates the chance of that streak continuing is at risk regulators around the world have criticized as vulnerable to money laundering and terrorist financing due to its anonymity in the us the f.c.c. announced recently that securities laws may apply to the sale of digital coins and if there was a significant drop in i.c.l. funding it could drive the price down since most investors have to convert their currency to bitcoin even if it's known for its volatility that coin has been gradually making its way to popularity and legitimacy which explains the increase in proposed for deletions. let's talk about some of these regulations what are u.s. lawmakers proposing when it comes to crypto currencies while there are

a lot of proposals but most recently earlier this month president trump side the do sanctions bill against iran north korea russia and so on but in that bill they slip in the mandate that didn't really get much attention at first that targets cryptocurrency and bitcoin advocates are very frustrated with it because they see it as the beginning of a sort of silent war on coins so in this bill it calls for a discussion of and data recording trends in a licit finance including involving forms of value transfer such as so-called crypto currency is there mesut methods that are computer telecommunications or internet based cyber crime or any other threats that the secretary made choose to identify and congress is also. expected to come up with a more detailed and thought out plan on how to attack that terrorism financing and cryptocurrency illicit finance world later this year and that's why you know advocates are upset they see it as an attack on them that could of course affect the price or just general usage. we don't have much time left but i know that

there's some speculation on coins rise in venezuela you know there's a huge economic crisis there could it work as an alternative to their currency it couldn't it has in a very small way but that's only if the government doesn't continue to push exchanges offline you know if they continue a crackdown it's not going to be a true alternative all right boom bust the sheeny thank you so much for covering that for us amazing games there are. thousands of refugees from the us are pouring into canada mostly crossing from new york state into the province of quebec with most from being of haitian origin many are blaming the influx on an upcoming end to a temporary u.s. order which brought sixty thousand haitians escaping disaster to the states in two thousand and ten mile of it explains how canada is handling and housing these refugees. the supply containers are down. and the tents are up as the canadian military prepares for more refugees from the

us starting in like late evening yesterday we had two people during the night that i was moved to to camp as we speak but the continuing inflow and outflow of those immigrants was a little in total over sixty five hundred asylum seekers have made a claim in quebec since the beginning of this year hundreds of who have entered the province illegally in the past few weeks. this camp new york order will be the first stop for many illegal immigrants who are still on the move one completed these tents are going to house about five hundred people that's going to be the total at this site but considering that hundreds of people are flooding in from the u.s. each and every day over this border authorities are in a constant search for housing. shelters for refugees in the montreal area now number close to twenty the biggest being the iconic olympic stadium which sleeps up to nine hundred men women and children each and every night precious a nigerian refugee who crossed from the u.s. into canada with his wife and seven year old daughter it's glad to be here he says

he was a journalist in his home country and feared for his life he hoped the u.s. would be a better place to live but after only a few short months in the states he says the constant fear of deportation and a toxic atmosphere was just too much on the flip side after just a few short days in canada he's ready to make it his new home from what. i know that he stays that is a place you had teams come to me. to stay to say a place we had him sad last. penny and different impression. and that's. the. way this is. big piece i mean it struck you very unhappy.

to have discipline so good not anybody's good to us. when i grew up. to be. nice to have people helping people is something cedric a seventy has become very good out after a call from the authority use and with the help of a small team at the olympic stadium he had it up and running as a refugee shelter in less than twenty four hours the vibe is good and people are smiling considering the situation you know so there's no tension we're here to provide. a room not not a room but beds bed sheets and wife i electricity showers and food you know it's rudimentary it's not class it's not high class it's not luxury but it's functional but believe it or not that lack of luxury has come as a surprise to many asylum seekers especially some of those of haitian origin fake

news sites which many blame for the recent surge of illegal refugees into canada have reportedly promised haitians in the u.s. that canada was automatically accepting them i suppose at what's up hoax even told them that canada was paying the bill for all their costs with ninety percent of the recent refugees in quebec being of haitian origin this might explain why many of them chose to enter canada now according to canadian lawyer claudia molina these people have been misled it's very unfortunate that they're getting this information because haitians that are claiming refugee status are getting exactly the same treatment as a refugee so they have to prove before the court that they have a well founded fear of persecution and that's not something that's easy to do canada views haiti as a country that is stable and safe in fact. out of the routinely rejects asylum claims filed by haitians in the first half of two thousand and fifteen or only thirty eight percent of asylum claim it's from haiti or accepted as for haitians

crossing from the us their greatest fear may be totally unfounded. but then i don't want people who stay a day. he said no i did i stay there will be back the fact is trump simply contemplated suspending the temporary protected status for haitians in the united states which was implemented in two thousand and ten after a disastrous earthquake in that country the moratorium is set to expire in january nothing has been done about this so far unlike in canada where the moratorium for haitians what's suspended two years ago canada continues surprise itself on welcoming people from all over the world but for illegal immigrants it's not as simple as some would like to think canada will continue to treat these people with dignity and respect chances are though many will be told to go home and that won't be back to the good old u.s. of a i'm alex mileage for our america in montreal canada.

ok so we all have those days when work can be stressful especially like today toward the beginning of the week anything could cause it to could be your coworkers it could be working conditions or just the job itself well a recent survey only stresses the fact that americans are really stressed at work this is the rand corporation that conducted a survey of three thousand u.s. workers with some interesting results they did an in-depth study for two years what they found was that fifty five percent of u.s. workers claimed that they had unpleasant jobs seventy five percent complained about intense repetitive labor and in this stat which the study called disturbingly high one in five workers say they face hostile or threatening conditions that work including sexual harassment and bullying so we're stressed at work we knew that but

is there anything good that can come of all of this while buried in this grim study not everything about working in america and in such misery most americans feel like they can take a lot of liberties at work eighty percent said they were able to try out their own ideas at work and about house of them say they can fall back on the support of their bosses and friends so good luck with the rest of your work week that's all for us for now you can check out the show on youtube youtube dot com slash boom bust r t thanks for watching we'll see tomorrow. we don't. know. experienced leader

and you'll get it on the old. the old according to a gesture. welcome our world come along for the ride. i do not know if the russian state hack into john podesta scheme ailes and gave them to wiki leaks but i do know barack obama's director of national intelligence has not provided credible to support his claims of russia i also know he perjured himself in a senate hearing three months before the revelations provided by edward snowden he denied the deep n.s.a. was carrying out wholesale surveillance of the us. the hyperventilating corporate media has once again proved to be an echo chamber for government claims that cannot be verified you would have thought they would have learned something after serving as george w. bush's useful idiots in the lead up to the invasion of iraq. it is vitally

important that the press remains rooted in a fact based universe especially when we enter an era when truth and fiction are becoming indistinguishable from. all the world's history and all the news companies merely players but what kind of parties are into america playing artie america offers more artsy american personal . in many ways the news landscape is just like this you know real news fake news good actors bad actors and in the end you could never hear on. so much parking for all the world's a stage all the world's a stage all the world's a stage and we are definitely a player. i'm

going to do just that and you'll want troops all of you in there. where for when we were shooting at we when you. did it but it was so used to. playing something and putting your heart and soul into it and then doing it. all know what. the and the thing i would be and would be really successful and i think it's. a magic thing that happens she's always done her job the best way to see and she's living in a world where position. is entirely based on what she gets reflected back from the british people and i think that's an incredibly carious position to be in.