brings peace to the chicken hawks forcing you to fight the battles they don't. produce talk spread of tell you that every gossip in public by file for the most important day. off about how you think you are not cool enough to buy their product. all the hawks that we along with all of what. most people think just stand out in this business you need to be the first one on top of the story or the person with the loudest voice of the biggest raid in truth to stand down the lose business you just need as the right questions and demand the right answer. the.

question. i'm lindsey francis is the boss broadcasting around the world from washington d.c. tonight the highest court in the land ruled that every citizen of india has a right to privacy and it's putting pressure on the government to scrap the universal id secured with biometric data also women and wages the gap between the genders is still here but the numbers are shifting and it's time to take a look also jobless claims are up but unemployment is at a historic low so why are americans across the board settling for smaller and

smaller salaries than before my guests explains standby starts right now. privacy is a citizens' fundamental rights as a supreme court of india the ruling could put a snag in the country's mammoth identity card system though two earlier rulings by smaller courts maintain that no right to privacy exists in india's constitution but the government will now have to convince this court that forcing citizens to give their fingerprints and a scan of their iris is not a violation of their privacy of course this would go a long way to pushing along its vast id program aimed at streamlining internet

connections and even tax filings with that biometric data also wrapped up in the fall out and future. court battles in this instance is the all important global tech sector which makes much of its home in india google facebook whatsapp hoover they all operate on user information that it aggregates. ninety one metric tons of gold has been returned to germany from france according to the country's central bank the plan to repatriate germany's gold reserves involves returning three hundred seventy four tons of gold from paris and three hundred tons from new york all together it was a years long process and completion was slated to go through two thousand and twenty now during the cold war west germany kept most of its gold abroad for fear it could fall into the hands of the soviets if they invaded it was also meant to keep it close to london paris and new york where gold is traded frankfurt now holds

just over half of germany's reserve of gold with thirty six point six percent in new york and twelve point eight percent in london. after tracking reserve wages for nearly two years for the first time the federal reserve has released information and where they stand in the united states reserve wages are the lowest wage of which a person is willing to work right now the average american is willing to take around fifty eight thousand dollars a year it's the lowest amount in more than two years so let's find out why joining me now is danielle de martino booth president of money strong and author of fed up and insiders taken by the federal reserve is bad for america look the wages have been tracked since early two thousand and fifteen we're seeing some surprising movement here if we take a look unemployment isn't looking too bad right now but over this period of time this measurement around two years people are appearing to take less money so what's

changed. well i think your average man and working woman on the street is starting to see. the repossession man show up they're starting to see other people around them suffering household stress they're seeing stores closing left and right and you don't have to be a statistician to start to connect the dots and figure out that the economy underlying the economies underlying strength is dissipating and that you'd better take what you can get so that you can make sure you've got that job security if we're going into a slowdown ok so let's take a look at the this debt balance for dealing with though in this country it's return to heights not seen since the financial crisis to me it's going straight up there has this cause i mean you've pointed out it'll it'll cost people to say you know i'll take any job i can get but also we're talking about credit debt a lot of times it's been a blessing sometimes it's been a curse we were dealing with credit delinquencies what does this say about the

future for our economy in the coming months even towards the end of the year so so lindsay in november is going to market important two year anniversary but not of the best kind i won't be celebrating it but come november we will have had twenty four months back to back credit card spending adjusted for inflation outpacing income adjusted for inflation when you see this sort of a trend becoming grain you know that households are not just are not pulling the credit card out of their wallet to buy discretionary things to buy the things that they want to buy they're pulling it out to fill up the gas tank to put food on the table for necessities because they're not making enough in their paycheck to cover their day to day needs. what's it's been suggested that people actually take these pay cuts in order it sort of helps the economy the result being that an influx of workers to fill these positions will then you know they'll spend their money is

a wishful thinking or is there more merit behind it because if you're just filling filling seats with no with no ability to really support yourself on the other end i mean what is the good of this sort of an age situation so so fed chair janet yellen is all about the labor force participation rate she wants to see i told workers come off the sidelines but if you look at the most recent unemployment if you look at the look at the most recent labor report you'll see that forty four percent of the jobs forty four percent that's two and a half times the historic norm or in sectors that i call that eating drinking and getting sick sectors this is these are bartenders these are waitresses these are home health care professionals they're not high paying jobs and often times when you're not making enough you have to turn to the government for supplemental assistance and or what we mentioned earlier debt credit card debt so you know i would rather see the economy be able to support higher paying positions and not so

many of these low paying jobs where in many cases you'll see that they're part time in nature and that households are having to get to an even three jobs just to make those ends meet so it's because when you look at the unemployment rate is my message because it's not just while the unemployment rate is so low it's the lowest it's been in years and years you have to understand the type of jobs behind the decline in the unemployment rate well not only that in a lot of credit situation if your job is your credit and you can take out more credit based on that but you don't have a job that you can pay that credit back with or even support yourself you're in trouble right now how valuable is it do you think that we have a report like this we haven't seen a lot of people haven't seen this information. coming out from the fed we've got two years to go on tracking this how important is it to follow these specific numbers more than just the jobs report which everyone always talks about well again it's not just the numbers it's the complection of the job market if you will i

applaud the new york fed for releasing this data set and i don't applaud the new york fed every day lindsay i think you know that. but i really do think that it is very mature of them to be putting this out there because it exemplifies that there is we're definitely in the late stages of this economic cycle if people are beginning to take less just to make sure that they have that job security this is typically what we see when the economy is about to peak and roll over and that is definitely what we've been seeing whether you're talking about car sales the most recent housing data that we've seen we're definitely seeing slow signs of slowing in the economy and again your average working man and woman sees it and they're going to do what they can to get that paycheck you're darn right thank you very much the president of money strong and author of fed up an insider's take on why the federal reserve is bad for america thank you earlier this summer illinois passed a budget after a two year long stalemate between the governor and the general assembly it was

a victory that came dangerously close to bankruptcy and another us state is nearing that same situation. has more on that for us now. what in the world is going on here i hear we're going up to connecticut with yes we are talking about connecticut this time not only if the state government in connecticut doesn't pass a budget soon we could see a lot of new spending cuts implemented though what's known as one of the wealthiest states in america connecticut has gone almost two months without a budget if lawmakers don't agree on a new one soon governor daniel malloy is executive order will take effect in october and that would mean a major cut in aid to municipalities and school districts across the state. some of the biggest problems facing connecticut includes its three point five billion dollars deficit the state also has twenty three billion dollars worth of outstanding municipal debt and in two thousand and seventeen it paid two point

eight five billion dollars in principal and interest on its bonds which was the highest in six years the situation has gotten so bad that the state capital of hartford might end up declaring bankruptcy due in part to its dependence on state aid and other glaring problem for lawmakers is the fifty billion dollars in unfunded pension liabilities at this point selling bonds will no longer prop up the funds to pay them in an interview with reuters governor malloy argued that public finances were simply mismanaged for too long saying the state invested in the wrong things for a period of time it allowed the higher its higher educational institutions to suffer while it sought to placate communities with respect other forms of local reimbursement we built too many prisons which were still paying off even while we're closing them both democrats and republicans have offered solutions like capping annual bond sales and some legislators even met with milstein and co which is the firm that advised puerto rico during its debt crisis but until an official

budget is signed into law alternative solutions like delaying the start of the school year are still being considered. other than bond sales caps what kind of solutions are lawmakers actually suggesting well there's not too many out there right now and i know shocking on the democratic side you have a proposal to increase the sales tax right now it stands at six point three five percent in connecticut they propose increasing it to six point eight five percent and they say you know the revenue that they could pull in from that increase could then offset the cuts that governor malloy his budget would implemented if about budget were to pass and october and then you have governor malloy who says well we . didn't increase the sales tax and republicans also don't agree with that so aside from the sales increase and the capping of sales you don't have any other solutions that have big points like that to kind of rein in the the budget and the debt there

those are basically the two biggest things that wall makers at the moment are arguing over what about other us states we've heard this is been a problem for many of them it's not just connected in illinois right so right now it's connecticut and wisconsin this is the only two states that have not passed a budget yet this year but just a few weeks ago we talked about this a lot in the summer there were at least ten states that haven't passed a budget yet and of course it's different in every state you know not everybody is the same of course the situation in connecticut is very different than it is in wisconsin but the biggest theme here for all of the states so far has been pensions i mean not only the way that the states have run them and don't have the money to pay them out but even for private funds there's a lot of problems with people just not being able to get their money and almost every report or review of this state's pension fund or the other states pension fund will call on congress to say you should probably rein this in and fix the way

that state pension funds are run or the way private ones are fund funded but congress has their own debt ceiling to deal with later in september and we'll see how they manage the federal debt so right now i don't think it's a problem that congress would really be able to fix by themselves. thank you so much for that. time now for a quick break stick around when we get back we take a look at the wage gap and point out some shifting numbers there and the future of oil canada's tar sands last until twenty thirty something no we're going to explain that also we'll go to break check out the numbers at the closing bell.

all the world's a stage and all the news companies merely players but what kind of parties aren t. american playing party america offer much more artsy america first lead in many ways a new slant just like to see the real news big names good actors bad actors and in the end you could never know you're on. the market all the world's all the world's all the world's a stage we are definitely a player. i'm a trial lawyer i've spent countless hours poring through documents to tell the story about the ugly side of. corporate media real users to talk about the carnage. i'm going to pay to clear picture about how disturbing counsel for the has been. these are stories that no one else in my parents or your host of american. question. would you have for breakfast

yesterday why would you put those for the fish if your wife or. what's your biggest fear a little bit on the hay ride when so let's talk a little bit bored you say if you ever miss the concert but what about. next one topic that doesn't belong to you now i didn't do due to question more. slightly more americans applied for jobless a last week but their numbers in total are close to. historic lows according to the part of labor unemployment applications rose by two thousand to two hundred thirty four thousand but the unemployment rate has fallen to a sixteen year low of four point three percent with employers adding two hundred

nine thousand jobs in july the economy had a weak start at the beginning of the year but it revved up this spring with a surge in consumer spending gross domestic product expanded at a two point six percent annual rate in the april through june quarter this year the economy is expected to grow about two percent so the job market appears solid as employers hold onto workers but the expectation that business will continue to improve. so while companies look forward to an improved business climate there is a portion of the labor force that is looking for an improved wage gap climate that would be the women we've learned that many americans are willing to settle for a lower wage at the moment just to get into a job so let's look at how the female half of the labor force is fairing in those jobs we've got new numbers out from the bureau of labor statistics that need to be addressed now so please welcome patrice on senior policy analyst independent women's forum thanks so much for coming in to chat with me about this situation the

recent women's earnings numbers give us some interesting numbers for two thousand and sixteen you can see a steady increase in women's earnings since one thousand nine hundred eighty nine. that's twenty cents better than it was back then about however it's only at around eighty two percent of what their male counterparts are are actually making we've made strides but we're missing something that. that needs to be answered to explain why we still haven't close this gap even a little bit more well what's interesting is let's look at the gap itself so talking about maybe one hundred twenty cents that's what b.l.s. is saying but then when you dig deeper and you compare for some control for some different factors things like the number of hours women versus men work their seniority time in the workforce in time out of the labor force you know there are lots of other factors education the types of jobs that they're taking we see the wage gap shrink substantially to just a few cents so then when we talk about a few cents like three to five cents you know what can what can explain that maybe it's discrimination but maybe it's something else and so that's where i think we

need to start but when we look at young women in the workplace in the workforce we say that when you're just getting out of college and you're starting you are making about the same thing as your male counterparts the difference though is over twenty thirty years right so a lot a lot of people say it's because you take time out from working to have children have a family things like that now older women are more present in the workforce with those thirty five and older being more having a more dominant effect however women thirty four younger made closer to ninety five percent of what their male counterparts made compared to older women making be between seventy forty three percent do we know why we see such such a sudden decrease at this age do we know it's because of maternity leave do we do we think it's because the bosses don't see them as upwardly mobile do we have any real information on these things i mean i think we do so you know around thirty years old is when we start to see that divergence and that just happens to be around the time that women have children but it's deeper than that i think it has to do with with you know your ability to get promotions on the job to get salary

increases part of that may be because you know women are taking time out they're not getting on to the projects that provide them the visibility that give them those opportunities those higher paying jobs and then part of it is choice i mean we women tend to prize flexibility over being an earnings maximizer so at a certain time you may want to say hey i. to be able to take my kids to school in the morning so i want to job that's going to be a little bit more nine to five rather than something that's all that has long hours we see that the higher paying jobs tend to be the ones with long hours and less flexibility a lot of women are not willing to take that during certain times of their their careers but then that means that you're kind of making a trade off that means that over the over time your salary history is going to look very different from your male counterpart you've got to take a knee i would like information on the women who haven't left the workforce who are childless who are competing first sweet jobs and and what those numbers are because i think that's a very important component here there are industries though in which women do dominate

a lot of us know what these are women do have higher numbers in professional and related occupations and in the support mechanisms for those such as administration office work and things like that keeping that motor running there are very important and included in these two categories are common position such as teaching nursing secretarial ministration work what about the stem jobs the sciences technology engineering mathematics fields i have heard for twenty years people the government nonprofits corporations talk about pushing women and girls into the sciences and math what's the deal because those are good paying jobs they are upwardly mobile why aren't women wanting to go into these fields more i think part of is it an innate i think that when you say i realise. that maybe that it's not to say that women wouldn't strive and wouldn't do well in stem careers but they may be interested in a fulfilling career that is teaching a child or that providing health care to

a second ailing pain patient i mean it particularly in the black community we see black women who tend to go into careers in health in the care of the quote unquote caring industries and they start businesses there because they want to improve their communities so it's not to say that there's anything wrong with trying to get women into stem expose young women to the opportunities there they know the career the patron but then be ok. ok if they choose to do something different do you think there's a lack of being ok with women not wanting with women not wanting a stem job is it sort of like every woman needs to leave the kids at daycare and climb that ladder and just everyone needs to have a science job and not be that kindergarten teacher you feel some of that pressure oh yeah i think it's a holdover from the feminist movement in the seventy's and eighty's to try to get to the c. suite to be the power woman in our generation and saying hey i find fulfillment in lots of different areas and we've got to be ok with that but you know if the idea is let's let's set a quota for women in stem you know for just the reasons of gender parity what to what end is that accomplished if a woman is not able to have

a child when she wants to or if she's just not satisfied in her job and i love to talk to listen to elaine chao who talked about the very real tradeoffs that young women make early in their careers she never had children which is interesting but she's always she's had a great career so we can't tell our we can't expect women not to make those trade offs or to understand that you know you may be sacrificing one value when you're right for something you've got to you've got to have your values but i also do want to see those numbers about the women who do not leave the workforce and where they might get stuck thank you so much for your perspective on this i really appreciate it from a. policy analyst at independent women's forum thank you. like other countries canada has been hit by low oil prices and according to a number of experts things may only get worse for the industry in fact some believe the economy built around canada's tar sands could collapse as early as two thousand

and thirty r.t.s. alex mileage joins us now from toronto with this story alex what is fueling these dire predictions about canada's tar sands you know the environmental movement in many respects is gaining some steam especially when it comes to things like climate change and when you look at the tar sands all the c o two that's coming from there so that's one of the factors but it's not the. biggest factor and the biggest factor is remember the movie who killed the electric car well it looks like an hour's comeback in zombie form zombie apocalypse of cars electric cars are back and they're growing like crazy and this is the thing that's going to hurt the oil industry more than anything we can see companies like valvo and of course we have tesla out there that's all performing many car companies they're building electric cars in the building them big time we see cities and countries coming up with mandates to phase out gas powered cars and we're of even hearing from opec now look at this graph this really is very telling when you have opec saying that their forecast has changed the past year by five hundred percent five hundred percent

this is how fast they believe the electric car industry is going to grow and that means the oil industry is going to go down and when it goes down the tar sands go down now it's not only electric cars you also have to think of different models that have popped up such as such as car share programs people just aren't going to be buying as many cars because it's just not worth it anymore when you have the ability to use cars the way that we do now and in the future self driving cars so you're going to pop into one of these things that go from a to b. traffic is going to be better because all could be monitored by computers i mean obviously this is a sort of utopian idea of sort of looking at a picture and one way of course when you talk to the oil industry they'll give you a very different story that's right and i have heard canadians caskets steaming mad when they talk about anything affecting the tar sands in a bad way that that oil industry will ever diminish or callaway a lot of anger there but if this happens how will it affect canada economically

it's not going to be small it's the word we're in we're not all steaming mad that's just the rest of us are pretty happy with the stars and they go yeah. burtons for example yellow bird is going to be hit hard because first of all they won't have the billions of dollars coming in from the oil industry if this does happen and second of all they're going to have to clean the mess up that has been made by the tar sands out there. just you say no no no this is just going to grow things are going to get better what else you expect to hear from the oil industry is capable as a whole i mean we have plenty of other industries in this nation one thing that we're going to have to do is take care of alberta once this does happen so a little bit of money will have to be spilled over there but our g.d.p. i mean the oil does not make up that big of a percentage so canada will be just fine and if you look at the reality of things look at oil companies are hedging their bets right now they're moving into different directions we look at things like gold petrol we're now renewables are coming into play they're mixing the balance that they have the energy not just oil

they're moving to different resources and you know this is this is the big thing these are very telling signs that we are moving in a certain direction now two thousand and thirty that might be a little bit ambitious but you never know these things are happening exponentially and when you have opec seeing it when they see that the electric car is going to pop up that huge well you know that it's something that you should be thinking about well not only that there's all of the car companies going over to china and starting production of electric vehicles in china being subsidized by the chinese government that's got to start from here in the heart of canadians that's a subject for another time i think this tar sands topic is fascinating thank you very much alex coming at us from toronto thank you. a seven hundred fifty eight point seven million dollar dream was dashed for millions of people in the united states on thursday when i single winning ticket took the powerball jackpot it is the largest grand prize won by a single lottery ticket in u.s. history it happened in massachusetts when

a woman walked into the pride station and store and walked out having beat a two hundred ninety two point two million to one odds take it to the bank isn't that easy though there are choices to be made she can take that seven hundred fifty eight point seven million dollars in payments over the course of twenty nine years and then work out state and federal taxes years and years. and years later over the course of those years or she can grab at a lump sum getting away with only four hundred eighty point five million dollars and of course then she will go a federal tax withholding bill of one hundred twenty million dollars on top of that don't forget state sales tax that means twenty four million more but that's just for starters your final bill will take into account possible charitable deductions and income from invested winnings six tickets for wednesday's drawing one two million dollars apiece and thirty four more one one million and a heart warming move the store that sold the winning ticket gets fifty thousand dollars for its trouble on top of all that great publicity that's all for now check

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