tv Russia Today Programming RT September 1, 2017 10:00am-12:01pm EDT
10:00 am
on oliver of are three americans doing the same we are apparently better than nothing. to see people you've never heard of love down to the next president of the world bank so very. seriously send us an e-mail. a baghdad often a true steve to more abandoned children of foreign i still fighters who are too disturbed by what they've been through to speak there among dozens of orphans of the shouts that r.t. is trying to reconnect with their families back home. us then sure command admits it likely killed sixty one up more civilians in iraq and syria during its anti i still operation in the region. as the un warns not enough being done to save civilians in syria's rucka we show you images on the ground of the shocking effect months of fighting have had on the war ravaged city.
10:01 am
you know it takes two to tango it looks like america put. time to time the russian foreign minister responds to washington closing moscow's oldest consulate in the u.s. and the latest round of the diplomatic route between the two states. that it is r.t. international broadcasting to you live from the russian capital and they care and good to have you with us now baghdad meanwhile the u.s. led coalition against islamic state has confirmed another sixty one civilian deaths have likely been caused by its air and artillery strikes in iraq and syria. in the month of july the coalition completed the assessment of thirty seven reports resulting in sixty one unintentional civilian deaths the coalition assesses that it
10:02 am
is more likely than not at least six hundred and eighty five civilians have been unintentionally killed by coalition strikes since the start of operation inherent resolve concerns over further possible civilian deaths incurred by the coalition have been raised by the u.n. regarding the u.s. led effort to retake syria's rocko from islamic state what we're witnessing essentially right now in iraq is a fight by coalition and other forces against i saw were concerned that not enough is being done to adhere to the international law requirements for the protection of civilians. well are to gain access to photographs taken by local journalists which have given a rare look inside the city revealing the truth carol of its destruction.
10:03 am
which. first of all let me say that what is happening now in rocca is destruction it's not liberation at all for eighty four days rocka has been under siege but this sees only harm civilians trapped inside since eisel captured the city and the siege is imposed by syrian democratic forces on the ground that is backed by the u.s. led coalition's airstrikes these airstrikes destroy schools hospitals the whole infrastructure we as journalists have documented that more than two thousand civilians have been killed as a result of the coalition's airstrikes they do not target the places where jihad is to gather although everyone knows where they are while u.s. jets attack from the air s.d.f. attacks from the ground and at night jihadists use suicide vehicles to regain territories controlled by the s.d.f.
10:04 am
but there is no serious combat as all. one can see that clearly from the videos posted by both the s.d.f. and the coalition. look eisel has about one thousand fighters in iraq are and the s.d.f. claims to have thirty five thousand to forty thousand soldiers and they confront a mere one thousand terrorists if s.d.f. and the coalition wanted to liberate iraq or they could accomplish it within ten days. now according to the un there are at least twenty thousand civilians still trapped inside graca in august alone the coalition carried out over one thousand as strikes in the area the u.n. adds the intensity of the strikes coupled with isis use of civilians as human shields is deeply concerning rocket based journalist mr al koloff again said details of just how grave the conditions have become. i mean i've got a bar there aren't even basic necessities such as bread and water medicine no
10:05 am
electricity no fuel the national hospital and the al salaam hospital were completely destroyed and there is not one left for civilians but there are two or three hospitals operating for i sold fighters the americans blew up bridges leading out of the city and in fact prevented civilians from leaving rocka although terrorists can easily exit the city even though the areas controlled by s.t.s. from the coalition so twenty five thousand civilians from besieged areas do not deserve safe passage. you know about that often a chance to newcomers had d.j.'s and fatima abandoned by their parents who fortify still the two children are too traumatized and unable to speak.
10:07 am
joins me live. lawrence can you tell us more about these children. will have. a parent cousin muhammad there and. we've seen very few cases of severe is this that you know they can tell us the ages the family name where they had seen their parents what had happened to them this is a case of severe trauma whatever these kids have been through has been held there's no other way to describe it i can tell you many of the children. in mosul and. they've been shocked never to this degree but nevertheless they've seen suffering agony destruction bombing and killing on an industrial scale and this is children we're talking about they're not prepared they don't understand that this is going to scar them for life nevertheless there have been other children that we've been
10:08 am
able to identify track down here in iraq most of them. of. isis fighters who were killed in fighting some of the mothers also killed many of them blew themselves up leaving the orphans to ten for themselves to survive as they can now i've got to say here that their situation is precarious in iraq isis has caused a lot of suffering they have killed many many people and there are those in iraq that would see these children come to harm that would sell them for organs that would assault them that would you know harm them physically harm them to sort of relieve the pain that they themselves feel in revenge for what their parents did which is which is why it is so important to get these kids out of iraq as soon as possible to protect them and get the guy. i'm back to love the environment he's in russia in europe everywhere in the world where these jarvis came from and in that
10:09 am
vein we managed to track down five children in baghdad and orphanage there and reunite them with their families in russia. with. the with. ok that's my add. those children they are among dozens that r.c. is going to try to reconnect with their families back in russia so let's hope for the best that. the u.s. house confirms that it warned catalonia security services of possible terror
10:10 am
attacks in the spanish region back in may the revelation was first made by a spanish newspaper which published a document allegedly sent by the cia the paper also pointed out that the warning came before the recent attacks however catalonia as interior minister denies that the cia sent the document saying it was issued by other sources and lacked credibility. we're going to need all this relief you know as we've done from the very beginning we deny that the cattle increase for speaks directly to the cia the warning the possible terror attack came from other sources and was dealt with in the same way as the dozens of other warnings we received we were for them and great value in this particular case the warning we received had low credibility. but let's discuss this issue further now and cross live to our guest loretta napoleoni own nearly expert on the financing of terrorism miss napoleoni welcome to
10:11 am
the program is wonderful to have you with us now could you talos is branding the warning as low credibility and attempts to or possible attempt to cover up a failure to take extra counter terror measures. well we're talking about barcelona yes yes well i think. the antiterrorist in spain is they're very good there for oil many many attacks in two thousand and sixteen and also in two thousand and seventeen now saying that this is a produce documentation. about an attack in. catalonia that the spanish antiterrorist did not know their own believes so the spanish antiterrorism of course knows much better what is happening on the territory than affording agency so i would tend to believe this spanish
10:12 am
government in this. now catalans interior minister also claims that the newspaper that revealed the warning is trying to discredit the local police for political reasons is not something that you would agree with. well i think everything is absolutely possible. unfortunately terrorism is a phenomena that is easily manipulated and the propaganda can be easily use for a different kind of reasons. also which is you know the local police the car the law is one of the best again in europe or so of course nobody is perfect. it is really impossible to protect and this is something that people must understand it is impossible to probe tect any european regional or
10:13 am
state one hundred percent because that is the nature of you know the challenge that we're facing but for sure i would say that criticism towards the masses are not at all real it's doing its job very very well and since the barcelona attacks we've learned that the main plot to behind those atrocities was anemone course a prominent person in the community perhaps and he did radicalize the entire cell in the small town of recall how do you think spanish security services could have missed this. well if you look and a history of the money. you can easily see that it was. a very small mosque the come from bell germany so this is. i think we should stress in fact as though in
10:14 am
europe there are no borders and people can move and work freely from one country to another there is not a system in place where you actually can check the references so that you can make sure that what people are telling you what you read in their c.v. is actually are. we'll now there's mina cole by several in mamma in spain right after the bus around for the institution of a sort of body in europe so at european level of body there would guarantee that even the people that present himself as such are people which have been vetted. not only for of course radicalization purposes but also for religious purposes so that the people are imaam due as the knowledge and the expertise to be such we've also reveals our another radicalized
10:15 am
a mom in switzerland had received social welfare for thirteen years now how do you think that it's possible that he also slipped under the radar. yes i mean we're talking about half a continent here there are so many of you but we're talking about four. million peebles leaving you know we're dealing the european continent it is easy to sleep through the bureaucracy if you know how to do it now that that's not justify what has happened in the barcelona we must prevent these kind of radicalization taking place in our own countries but at the same time i think we should not be too critical so far i would say the cases like this of very few and far between now the should we should have none but create
10:16 am
this is a negative criticism is not true or we need go we need this positive and positive an approach and corporation that really well we need which we don't haver at european level at all are they really few and far between though i mean especially off to the ears on to tara she confirms that britain is home to thirty five thousand islamic fanatics not more than any other european country what would you say that britain has become has such a high number of these fanatics. well i mean number one we have to see in relation to the relation we're talking about a country with sixty million people so proportionally a country like denmark or also as separate coverage and number which is quite high i also think that what we have to to stress is that this process of radicalization
10:17 am
is not a process started today it is a process that goes to the turning of the centuries to two thousand and one the invasion of iraq so we need an approach which is a longer term approach. the united kingdom is no higher risk than any other of the european countries. i would say that they will attack and they will succeed wherever they can succeed so their presence on the territory is actually higher than war two we think by simply looking at the number of terrorist attacks now that i think it's a european problem is not a united kingdom problem the rest in a fairly early an expert on the financing of terrorism thank you for speaking to is an r.t. and sharing your expertise. thank you. now this sets
10:18 am
a time spots of diplomatic expulsions between most going to washington escalates we've got more on that off the break. the feeling of. every. experience. that you get on the open. according to just. seems wrong. why don't we all just don't all. get to shape out just days after. and in detroit equals betrayal.
10:19 am
when so many find themselves worlds apart we choose to look for common ground. the. welcome back on the u.s. state department so did the closure of the russian consulate in san francisco along with two on the axis within the next two days the move threatens to take relations between washington and moscow to a new low. looks into russia's reaction to the move. each hostile move hostile decision by russia or the u.s. is followed by yet another blow and response this latest one by washington means
10:20 am
that the number of russian consulates in america will have to be reduced to three and the one that is being shut down in san francisco is the oldest diplomatic compound russia had in the u.s. it dates back to the middle of the nineteenth century well when the russian foreign minister it was asked about the ongoing diplomatic spat this morning he reminded that it wasn't moscow behind this war of sanctions in the first place this. story was not launched by russia it was stilted by the us administration with the only purpose of undermining the us russian relations we understand they're trying to through a trumps administration sorry for my slang we understand that they're trying to come down respond firmly to washington's actions that's home russia's interests every time you hear about the news on a new round and this never ending outright diplomatic war you ask yourself how far
10:21 am
can this go when is it going to be over well at least. says that moscow is genuinely in favor of putting an end to this conflict well when it comes to the approach of the u.s. here's how mr elaborate sees it. in the u.s. we're not seeking conflict with this country we've always been friendly towards the american people and we're still open to constructive relations but as you know it takes two to tango. american poem is a bridge does. time of time so it takes two to tango and definitely when it comes to putting up a fight we have been seeing quite an impressive dance performance by moscow and washington we already heard from sergey lavrov that moscow will react to this decision to shut down the washing consulate in san francisco and very soon we will find out what the russian foreign ministry comes up with. now back in december and
10:22 am
president barack obama expelled thirty five russian diplomats over alleged election meddling choosing not to respond in kind on the very same day president vladimir putin instead invited the children of u.s. diplomats in russia to a new year party at the kremlin in july after the house of representatives overwhelmingly passed a new anti russia sanctions bill moscow but the u.s. diplomatic presence in the country to the same level as russia's in america and that resulted in trump extending functions after a congressional vote now washington is defending its latest move as a straightforward return to diplomatic power at a with both arties jacqueline looks at the facts. state department claims that this is not an anti russian move but then they move towards parity and in the attempt to avoid further escalation. the u.s. hopes that having moved toward russia's desire for parity we can avoid further
10:23 am
retaliatory actions and move forward to achieve the stated goal of improved relations between our two countries but how these closures are meant to help the situation really isn't clear we've seen round after round of sanctions imposed against russia by the us including a fresh batch earlier this month. in contrast that just to go and express again. that the two. come together say it loud and clear i've been saying it for years i think it's a good thing if we have great relationships or at least good relationships with russia that's very important and i believe some day that will happen there is a selling point really just as the new russian ambassador to the us has arrived and gotten straight to work of course we did what we could to improve our relations with the u.s. unfortunately we still haven't reached a consensus on many issues. clearly
10:24 am
a bumpy start for him on the job but after years in the game he has fairly tough get no obviously. tightened by the americans to embarrass him about the t. he in fact. is going to have a very very difficult to perform his duties to establish trust. really. in the worst possible day both countries have repeatedly expressed the hope of improving thai and yet with washington having this tit for tat approach it's not really clear if that's. going to be possible. r.t. washington d.c. . the head of poland's tourism organization is being faxed after remarks about our switch concentration camp and
10:25 am
a newspaper interview he suggested the nazi camp was not quote an attractive tourist destination he also added that this site had more to do with other countries history than poland's and another holocaust memorial in poland is also employed in control of the sea russia's foreign ministry says moscow isn't being allowed to participate in the reconstruction of a museum insolvable or the site of another former polish concentration camp. now that every country has spoken out in favor of russia's participation in this project it is absolutely clear he was against russian politicians as about russia's absence not being a negative thing out of place there is no need to mislead people by affirming that russia somehow itself recently asked to be included in the project and saw the board death camp was the operational for two years during the second world war two a quarter of a million jews were believed to have been killed there let's discuss this issue
10:26 am
further now we're going to cross live to our guest israeli blogger richard millet's mr millet welcome to the program now why do you think poland is refusing to let russia take part in the rebuilding of this museum in russia was it initially invited to take part so what's changed. our thing that poland was the there are still some issues that are ongoing since the second world war that they're trying to figure out themselves how to present the image of poland how to make it a more attractive destination to attract people to upgrade its image since the second world war and maybe not wanting to involve russia with obviously the history of. the cold war and what took place in poland after the second world war let alone during the second world war something that maybe poland want to take ownership of and doesn't want anyone else to get in the way of poland's own presentation of its
10:27 am
way of its interpretation of the facts do you think the at their day of the argument over this issue might have an impact on russian polish relations. well i think that over say these things are quite the way these things are presented auschwitz bore auschwitz in one point one million jewish people were executed during the second world war took place on polish soil and the thing is the concern amongst polish people that maybe that reflects on them and isn't part of their history and maybe that they see that something should be more reflected on german army germany oversea has paid reparations to israel has many memorials in germany has come to terms with what happened during the second war and i think maybe more complicated in poland
10:28 am
in the these mass deaths took place in their own country and might reflect badly on pota show people on an on the future for poland it's complicated and it's still to be seen whether this is going to complicate relations between poland and russia which obviously still untangling as a result of the ending of the cold war as well and concerns whether that that might come back to an extent the concerns of russian after what's happening in ukraine in crimea. happen again to an extent in poland ok israeli blogger richard millet's thank you for joining us on r.t. and sharing your thoughts. ok so i mean about thirty minutes for the mornings.
10:29 am
at the end. was. with. the end . of. the two thousand and eight economic crisis turn some countries into pigs these are the countries with we carry colonies that needed austerity policies if you are in a situation of flow bloat even the recession austerity is a very bad idea it doesn't work and it makes millions of people very unhappy those who are unemployed see their wages decline off to almost
10:30 am
a decade how good are the results she saw all of it during peaceful by the people gathered in greece to watch the world get people to see what i do enjoy a choice that he didn't trade beautiful blue she still to come it was i mean to for legal. challenge must she was always think it's the same thing and not getting paid while the same mission is still in place to one of the consequences is to weaken blue bird flu dismantle the i will first one of this is the truth the consumer is the consequences are actually quite acceptable to the decision makers.
10:31 am
welcome to the wonderful world of blood donations around the world giving blood is seen as a symbol of generosity one of the noblest acts in modern society but the reality is different altogether. if there's the perfect money making industry our willingness to pay for available therapies basically especially for a loved ones knows no bounds at the heart of this business class mom a yellow liquid rich in proteins it's the main component of blood it's more expensive than oil and it's a look struck that children bought it down to duty to process tell us a new book anybody smiths called acceptable p. dumb a shall die inch systemic keep down may. be sure to pull he did you pull. off a motor car or. it will mean this shit get out please kill me so. i don't want to do and i'm sure most of us. we decided to explore
10:32 am
a little known area within the health industry the blood trail. our investigation took us to france germany and the us they don't like arrest or interview the add on oh yeah it may you know why they don't want something a door right they need to stop public want to know. today carlos is donating blood despite his busy job he's a regular blood donor at the red cross center in los on carlos sees his act as a sign of commitment to the community. more than one hundred million donations are collected each year. worldwide in two thousand and fifteen. the swiss red cross registered three hundred eleven thousand donations the figure diminishes each year and they're constantly seeking new donors their message is clear giving blood saves
10:33 am
lives. southwest of moderate new. sickish it may lead to. more similar to do dishes. that's going to. push towards come in can the board to put on the need to get the team. from. blood is a quite peculiar juice said with glee but he's not the only want to be interested health is also an industry and blood donations are subject to the laws of the market. but. what will
10:34 am
this. is when you don't before giving blood these swiss donors must complete a medical question here and give their informed consent in particular there is one line at the end of the form a sentence in small letters i am aware that some components of my donation may be used for the production of drugs only a few donors read this line though it's crucial in reality most of the donated blood is sold to private companies something the red cross doesn't advertise. to help them. sponsor thomas and luke spend on. the sin fold loot spend in the highest indies the blue japan. and since not in the loop in the us plus an. investment need plethora. and given thoughts to them on that include pushed on tile in the system plus muscle that. sent the samangan direct
10:35 am
into entropy taylor get off to the internet ties to. the uncool some due to low stop and decent these as well the woman is at style to use the title to us into fast off to put scent gate in the so going on to talk till needed induced to leave us in fear. look they're on to come and tell them the plasma fractionation industry these are the pharmaceutical companies that buy eighty thousand liters a plasma from the red cross each year the humanitarian institution makes nearly ten million swiss francs from this sale by the donors aware of it. doesn't have or needed doing yesterday between a song papa has some. saying i know many.
10:36 am
more don't wonder so i'm against it if it comes with the needle so priscus all that vernia. his weight he said don't his appeal to the summit and watching. them when you don't do something to me muschamp innocent first discovery the majority of the donors blood is sold to pharmaceutical industries. the industry is so interested in carlos's blood for a specific reason it's liquid part called plasma contains sought after proteins. they are used to make very expensive and profitable drugs. who are the players behind this industry. we decided to track the plasma trade. typically fifty seven percent of our blood. plasma. liquid
10:37 am
poison the whole lot that transports water and nutrients. it is composed of approximately ninety percent water and ten percent protein. plasma industry is here and a handful of companies share the world market baxter in the usa. in australia and your foals in spain and the company farm in switzerland which we discover through these promotional films material is produced by the perfect bio reactor developed over millions of years of evolution the human body for these companies plasma is nothing but a raw material and very lucrative to europe and the professional term is fractionation the name of the procedure that transforms donors plasma into drugs to do this with a callback to freeze and mix thousands of liters of human plasma these companies control a market which is worth seventeen billion dollars and growing steadily history so
10:38 am
that the plasma gong margaery the president and co-founder of dr pharma is a very discrete person forbes estimates his fortune at six billion dollars this is one of his very rare public appearances how do you see the future developing these products lifesaving drugs and they will be required for some patient groups as a lifelong therapy presumably they're covered by in most insurance they have to be as to very expensive but that is also the other part of the same from the same calling them many countries who simply cannot afford to provide this kind of level of treatment to the population yet at least it sounds easier to say replies will still be available and i. if you're just full of fuel for your country you take the plows well and you'll be in good shape when you make those products it's not the case. remains
10:39 am
a family business dedicated to always going to patients to go. in that life adventure. throughout the world the lives of millions of patients depend on these treatments tomorrow is one of them today she's receiving her treatment at a hospital in bear since childhood she suffers from an immune deficiency that causes repeated infections. yeah thanks to her plasma based treatment tamar's life has become easier so much so that it would be difficult for her to go without. and they may say shut up it's very. well to escape was quick. to say. that today in fact in fact.
10:40 am
he had her. tumor. you know that it was ok. three. as the saying three more. to get their footing not their head from gallup to clerk to divine the set up and make up but so you don't ever. get up they can. own them to could also flash to seek. to clean that is something to see come. to see. you have to. spend an hour through the screen america to come out of the know come a. very must read critter for us and we see that.
10:41 am
face of. that from pitt because the whole this moment that would be our special. place and. where is her life changing drug from where is the blood in the drug from from swiss donors. i when me. next think they. didn't know what. the plasmas origin isn't public information it's a trade secret we decide to visit swiss medic this is the swiss authority in charge of drug control including their origins these expert analyzed plasma samples each
10:42 am
week as well as the blood derived products that are used in hospitals. not just in profit. is they not only can. i just lost my cool it's. been down to. a depressing up all day still he's known stephen oh he said he said. quote time that i will be donte tastes. but the bait but the. world food. is copenhagen didn't do it over there plus the could be simple you've got an interest i'll throw in the hot. soup buffalo to feel. comfort i should read up blood pressure ok if it's good to feed him as he stands for kids who don't remove the town i feel. that. his fan base will comply after school through for me to see. the fish
10:43 am
eating at pools. of police to construct the. we're so as far we're still worse or worse when gets a name you can see in the much assisted sale for you to pick from from fifty concerts cities chattanooga month saying he was. the feeling when. i was ready. to. sit down and ballot these it in didn't you see in he wasn't in the last fight to the last inference he scraped the diet through my own so i could actually get into pools two three from cleveland. west twenty fifth street. the cleveland united states we decided to travel there.
10:44 am
a bachelor sudden passing i've only just learned you were a south and taken your last term. care act as me. knew it would i tell you i'm sorry if you could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each bet. but then my feeling started to change you talked about more like it was again still some are fond of you those that didn't like to question our ark and i secretly promised to never be like it said one does not leave a funeral the same as one enters the mind it's consumed with death this one difference i speak to you now because there are no other takers. to claim that mainstream media has met its maker. here's
10:45 am
what people have been saying about rejected a night with you i suspect it's full on also felt that the only show i go out of my way to launch you know what it is that really packs a punch at least yampa is the john oliver of our three americas doing the same we are apparently better than two thousand at sea anybody had ever heard of love redacted the night not the president of the world bank will take time to write it seriously send us an e-mail. question the fifth street the address listed in swiss medic's register some of your plans were used in the drug sold in switzerland comes from here. this blood collection center belongs to the australian company c.s.l. donate plasma save lives earn up to two hundred dollars a month. there are donor ads everywhere which tell us that the volunteers are paid
10:46 am
for their blood. as opposed to most european countries the usa allows compensation for blood donations this practice is legal. we enter the premises which are under heavy surveillance impossible to speak with the static kill just yank it just taking shit and you drain me you know we'd be from the outside from the case as this is really a crisis or you just get this straight. yeah. the center is in one of the city's poorest neighborhoods. cleveland is a devastated city the financial crisis of two thousand and eight was a fatal blow. pastor lester williams knows the reality of life in this neighborhood many of his church followers sell their plasma.
10:47 am
t.v. here you would love that. would you know i guess you know it's legal so i will probably get it does when people just do that but with you strange is that companies they continue to call this a donation. but what she's a donation way when you pay someone is not a deal because. it's not it's not free just little donation should be should be free of a deal to do exploiting exploring people who are in whatever conditions he is economically. and actually now to do a nation actually paying him for what i'll be in charge of acute awareness of the
10:48 am
charge and. for the pleasant soul to make your money on it and both. you know the little good they're giving to the. these people is not very much. in cleveland all of the market leaders are represented see south. we also find pharma the swiss company which produces tamara's drug. like that to use this as a tool mark goes there twice a week to sell its plasma. budget right now where the money for thirty two bucks for a red forty five dollars for a full fifty dollars a month for the insurance is so so out of it to say of the ballpark around. trying to turn twenty five a month and i found out that i can with the plaids boy you know or you know that's
10:49 am
the problem when you're on tight budget it's a fragile thing you know. we wanted to go inside with him to speak with the people in charge this turned out to be impossible the hostility increased the closer we got to the center. nothing you knew i were property if you have that is now my friend. so we question donors outside in the parking lot. this kind of extra money thing you know just to get a little money on the new. indian it just kind of became a regular firstly first start you get fifty dollars the first. new customer in after on tuesday or thursday is any two days a week you get twenty dollars and then it go up to forty dollars along if you've
10:50 am
been donating now for a year. it's starting to let you know two times a week that's yes it's cool it is good for the families is good for my family and. so one hand wash the. you know and does it for any kind of moral reason no one does it for them or no one no one does it because it helps people it's just that's one of the side of things is that it helps. the procedure is well established as soon as the plasma bottle is full the donor's credit card is credited. here there are very few now. this is the plasma or a blood bank or so most. like a regular of visa card you are saying they put their money on your card immediately after you get done. sometimes. they forget to put the money on your card and you've got to call the number on your car you know because if you
10:51 am
don't call the number on your car and stuff you want to be without money. after the economic crisis donations soared in the usa going from fifteen million in two thousand and seven to thirty two million in two thousand and fourteen luke schaefer is a sociologist at michigan university. when we look at the numbers of families reporting cash incomes below two dollars per person per day in any given month. it well more than doubles over a fifteen year period and when we look at the number of families who are who are on food stamps it actually quadrupled emergency food assistance goes through the roof so when all of these things are put in the same direction and. we walked into the
10:52 am
plasma clinic down the street and just asked people why are you here what's going on people lost their jobs haven't been able to find work and. in many cases that's going to be the only and i mean in that household and to their only option. we rejoined mark at the entrance to the center it didn't work out the way he wanted the center refused him because his blood pressure was too high. to be able to donate. and it's very important. i take my blood pressure medication and i think i think. then that you can build a it's it's it's a find it shows you should. it is it is. likely it's not life or death it's not asked to do. it's still. the money. from the day you know just you know i mean i'll take care of it soon
10:53 am
i'll be able to i'll be able to get my blood pressure straight out and that's why it. is good the meeting. we accompanied him to a small subsidized apartment that he's been living in for a year. money to make it solve a home but i had my stroke it was about three years ago i went into the doctor's to be quite honest i was drinking a lot i was doing drugs i was combining a lot of bad stuff you know so the next day i went to the cleveland clinic which is one of our really good hospitals in cleveland in the word with people that thought of a lot of money as you get raided it when you get raided it may mean you can basically
10:54 am
go there for free and get health care and as we're qualifying the lady doing it you say oh you're way below poverty level. way below you know there's below and it was way below so that was an eye opener. there are times when. for my own self-esteem. i don't want to accept help i want to be able to. say you know no thanks but no thanks to a god to farm on. it's kind of easy money. it's necessary at least for me it's necessary. for mark and many other americans blood is his last source of income.
10:55 am
if you got sick he could no longer donate he'd have no income. but all of these blood donations are affecting his health. david margolick this is a doctor in one of the city's largest public hospitals metro health is the safety net system for cleveland we take care of people we're garbus of their ability to pay for a lot of our patients and the people that we take care of at metro health this is their one of the few strategies that they can use to get money out of the literature of say about the long term effects of donating plus my own life of the week i couldn't find anything in the literature describing what the effects or i know from talking to my patients who do down a plasma that they're tired so they get fatigued they have headaches but beyond that. you now all i know is the red cross has one time
10:56 am
a month and these guys are doing it twice a week. to talk to this individual who is donating my patient and he may not be able to afford a cell phone bill or rents and that is more important for his health potentially than the down side effects of donating because if he doesn't have a cell phone he can't get a job. or he can't pay his bills. you know how free is so. this is the this is the dilemma that we're in. now. but if you could earn extra money while doing something great for others to farm up last month you can not only our plasma donations by dole to the treatment of rare chronic internet and diseases you could also the usa is the world's main exporter of human class with seventy percent of the world market their success is based on a foolproof recipe by building on this type of campaign they nurture the image of
10:57 am
a country with excellent sanitary conditions. the market is under the supervision of the food and drug administration the f.d.a. stamp is a guarantee of quality opening the doors to the international market each week frozen plasma is dispatched in shipments mainly to europe. this is the other side of the american dream masses of poor people willing to sell their blood they provide an unlimited pool of primary material we wanted to understand the conditions in which blood is collected seven am in cleveland in the parking lot of the pharma. doing no more dead heat we were abject at and i want to get no more i just smile and i didn't need flour we need it most killed me so. i don't want to do it and i'm i get it raised you know
10:58 am
it is look i'm providing. a motor car i'm giving. these stories illustrate the industrial pace and inadequate checks however the pharma assures the authorities that there is strict donor monitoring but if that's the case why didn't the swiss company let a sentence have just why did they prevent us from talking to the staff this is how our its donors selected to check we had to go and see for ourselves with a hidden camera. bosler the dubrovnik in venice are all fixed travel destinations so it must be nice to live there or is it. crowds of tourists disrupt the city's economic and social life and i'm a little bit before this on the smashing good album with people such as the
10:59 am
traditional story some nas stuff by him sometime soon as we finally saw a school my days and i'm on my feet while the cities try desperately not to collapse all powerful corporations collect the profit of you should totally cool with who put this up it will probably go on the dole coffee cup at home in the bushes up the on saabs knock up the supposed to mean a. good. life. is a tourist phobia full fare fall into an identity. here's what people have been saying about rejected and i suspect it's full on awesome the only show i go out of my way to launch you know what it is that really packs a punch. is the john oliver of r t america is doing the same we are apparently
11:00 am
better than blue. sea people you've never heard of love redacted tonight president of the world bank though a. seriously send us an e-mail. a bank down the orphanage received two more abandoned children of four and i saw vita as the word too disturbed by what they've been through to speak they were among dozens of orphans of the shelter that r.t. is trying to reconnect with their families about. u.s. central command admits it likely killed a sixty one more civilians in iraq and syria during get down to the operation in the region. the un warns not enough being done to save civilians in syria's rucka we show you images on the ground of the shocking effect of months of
11:01 am
fighting have hard on the war ravaged city. you know it takes two to tango bloom it looks like or american partners or bridge. time of the time the russian foreign minister responds to washington closing moscow's oldest consulate in the u.s. and the latest round of the diplomatic route between the two states. hello there at six pm here in the russian capital and you're watching r.t. international with me thank you aaron good to have you with us. baghdad often a chance to newcomers and fatima abandoned by their parents who fought for ice for the two children are too traumatized to speak.
11:03 am
dozens of orphans at the shelter trying to reconnect with their families. a parent cousin muhammad there in. traumatized we've seen very few cases as severe is this that you know they called. the family name where they had seen their parents what had happened to them this is a case of severe trauma whatever these kids have been through has been held there's no other way to describe it i can tell you many of the children. in mosul and. they've been shocked never to this degree but nevertheless they've seen suffering agony destruction bombing and killing on an industrial scale and this is children we're talking about the north prepared they don't and this is going to scar them for life nevertheless there have been other children that we've been able to
11:04 am
identify track down here in iraq most of them. of isis fighters who were killed in fighting some of the mothers killed many of them blew themselves up leaving the. ten for themselves to survive as they now i've got to say here the situation is precarious in iraq isis has schools a lot of suffering they have killed many many people and there are those in iraq that would see these children come to harm sell them for. you know physically harm them to sort of relieve the pain that they themselves feel in revenge for what their parents did which is why it is so important to get these kids out of iraq as soon as possible to protect them and get get them back to eleven families in russia in europe everywhere in the world where these came from and. in that vein we managed to drag down five children in baghdad an orphanage
11:05 am
there and reunite them with their families in russia going to evict explosives. and the to. be. now concerns over further possible civilian deaths incurred by the coalition have been raised by the u.n. regarding the u.s. led effort to retake syria's rocker from islamic state we are witnessing essentially right now in iraq is a fight by coalition and other forces against i so we're concerned that not enough is being done to a future of international law requirements for the protection of civilians are to
11:06 am
gain access to photographs taken by local journalists which have given a rare look inside the city revealing the truth scale of this destruction. which you believe. first of all let me say that what is happening now in rocca is destruction it's not liberation at all for eighty four days rock has been under siege but this sees only harm civilians trapped inside since eisel captured the city and the siege is imposed by syrian democratic forces on the ground that is backed by the u.s. led coalition's airstrikes these airstrikes destroy schools hospitals the whole infrastructure we as journalists have documented that more than two thousand
11:07 am
civilians have been killed as a result of the coalition's airstrikes they do not target the places where jihad is to gather although everyone knows where they are while u.s. jets attack from the air s.d.f. attacks from the ground and at night jihadists use suicide vehicles to regain territories controlled by the s.d.f. but there is no serious combat as all one can see that clearly from the videos posted by both the s.d.f. and the coalition. look i still has about one thousand fighters in iraq are and the s.d.f. claims to have thirty five thousand to forty thousand soldiers and they confront a mere one thousand terrorists if s.d.f. and the coalition wanted to liberate rocka they could accomplish it within ten days . according to the un there are at least twenty thousand civilians still trapped inside rocca in august alone the coalition carried out over one thousand
11:08 am
airstrikes in the area the u.n. and the intensity of the strikes coupled with isis use of civilians as human shields is deeply concerning rocket based journalist move again said details of just how grave the conditions have become. and got of are there aren't even the basic necessities such as bread and water medicine no electricity no fuel the national hospital and the al salaam hospital were completely destroyed and there is not one left for civilians but there are two or three hospitals operating for myself fighters the americans blew up bridges leading out of the city and in fact prevented civilians from leaving rocka although terrorists can easily exit the city even though the areas controlled by s.t.l. from the coalition so twenty five thousand civilians from besieged areas do not deserve safe passage. for the u.s.
11:09 am
state department thought at the closure of the russian consulate in san francisco along with two alex is the next two days the move threatens to take relations between washington and moscow to a new low are trying to look into russia's reaction to the move. each hostile move each hostile decision by russia or the u.s. is followed by yet another blow and response this latest one by washington means that the number of russian consulates in america will have to be reduced to three and the one that is being shut down in san francisco is the oldest diplomatic compound russia had in the u.s. it dates back to the middle of the nineteenth century well when the russian foreign minister was asked about the ongoing diplomatic spat this morning he reminded that it wasn't moscow behind this war of sanctions in the first place this.
11:10 am
story was not launched by russia it was stilted by the us administration with the only purpose of undermining the us russian relations we understand the trying to through a trumps administration sorry for my slang terms of trying to come down respond firmly to washington's actions that's home russia's interests every time you hear about the news on a new round and this never ending outright diplomatic war you ask yourself how far can this go when is it going to be over well at least. says that moscow is genuinely in favor of putting an end to this conflict well when it comes to the approach of the u.s. here's how mr elaborate sees it. the u.s. will seek in conflict with this country we've always been friendly towards the american people and we're still open to constructive relationships but as you know it takes two to tango. compose the brig. time of time
11:11 am
so it takes two to tango and definitely when it comes to putting up a fight we have been seeing quite an impressive dance performance by moscow and washington we already heard from sergey lavrov that moscow will react to this decision to shut down the washing consulate in san francisco and very soon we will find out what the russian foreign ministry comes up with. back in december then president barack obama expelled thirty five russian diplomats over alleged election meddling choosing not to respond in kind on the very same day president vladimir putin instead invited the children of u.s. diplomats in russia to a new year party at the kremlin in july after the house of representatives overwhelmingly passed a new anti russia's thank sions bill cut the u.s. diplomatic presence in the country to the same level as russia's in america that
11:12 am
resulted in trump extending sanctions of the congressional vote and now washington is defending its latest move as a straightforward return to diplomatic power to it with moscow jacqueline looks at the facts. state department claims that this is not an anti russian move but then we move towards parity and an attempt to avoid further escalation. the u.s. hopes that having moved toward russia's desire for parity we can avoid further retaliatory actions and move forward to achieve the stated goal of improved relations between our two countries but how these closures are meant to help the situation really isn't clear we've seen round after round of sanctions imposed against russia by the us leaving a fresh batch earlier this month that trump signed off on in contrast to that just days ago he was announcing and expressing again his confidence that the two countries can finally find common ground and come together say it loud and clear i've been saying it for years i think it's a good thing if we have great relationships or at least good relationships with
11:13 am
russia that's very important and i believe someday that will happen there is a specific point really comes just as the new russian ambassador to the us has arrived and gotten straight to work of course we did what we could to improve our relations with the u.s. unfortunately we still haven't reached a consensus on many issues. clearly a bumpy start for him on the job site after years in the game he has fairly tough skin obviously it's tightened by the americans to embarrass him about how that he he in fact. is going to have very very difficult to perform his duties and to establish trust. really. on the worst
11:14 am
possible day both countries have repeatedly expressed the hope of improving thai and yet with washington having this tit for tat approach it's not really clear if that's going to be possible. r.t. washington d.c. . well washington claims it had warned spain about possible terror attacks prior to the atrocities in barcelona we've got the details for you after the break.
11:15 am
the field we don't want. every the world to hear you. and you get it all the old the old. old according to josh. come along for the ride. welcome back the u.s. led coalition against islamic state has confirmed another sixty one civilian deaths have likely been caused bias and awe tillery strikes in iraq and syria. in the
11:16 am
month of july the coalition completed the assessment of thirty seven reports resulting in sixty one unintentional civilian deaths the coalition assesses that it is more likely than not at least six hundred and eighty five civilians have been unintentionally killed by coalition strikes since the start of operation inherent resolve. or political writer and journalist downplays joins me now live good to have you with this mystic laze burke now in this statement the coalition's said it's more likely than not this sixty one civilians were killed do you think that that's close to an admission as we're going to get from them. yes i think it is and i think it's also likely to be a gross underestimate because we know from we found out in twenty twelve for example that all military age males killed in u.s. air strikes are not classified by the u.s.
11:17 am
military as civilians they're automatically excluded from those statistics so if i was walking down the street in iraq and was directly and intentionally blown to pieces by a u.s. airstrike that would not be recorded as a civilian death and i don't know whether they still use this criteria currently but what we certainly do know is that the monitoring group there was so just add that up to fifteen hundred almost fifteen hundred people may have been killed by u.s. bombing coalition bombing in iraq and syria in march of this year alone including the terrible strike on a residential block in mosul was fought to have killed perhaps up to two hundred people so there is this these statistics are certainly like to be a gross underestimate but there's a couple of other point i'd like to make about this as well the focus on civilians this narrow focus on civilians we must recognize it's actually deeply ideological because it serves to whitewash the true scale of the slaughter that's actually taking place in iraq and syria right now why should
11:18 am
a sixteen year old boy. pressed into service by isis and then blown to pieces by the us before even firing a shot why should his life be considered so unworthy so meaningless as to not be recorded in any kind of statistic because because he's quote not a civilian this use of the term and focus on civilians is actually a means of placing all soldiers all militants in the category of subhuman and implies that they deserve to be killed and more than that not only do they deserve to be killed but their lives are so meaningless and unworthy they don't even deserve to be recognized in any kind of balance sheet as to the cost of this war and the third point i'd like to make is that in twenty eleven syria was at peace until in that year the us britain and france sponsored a violent sectarian insurgency an insurgency in syria that eventually morphed into isis and spilled over into iraq so i would actually go further than this and i would attribute all four hundred four hundred thousand deaths in the syrian civil
11:19 am
war directly to the us britain and france and their allies well then what do you make of the comments made by the us defense secretary james mattis who recently is that that americans all the good guys the locals know the difference but locals we've spoken to in rocca they know the difference this is what they said i have a listen one of the planes bombed us heavily this happened in downtown mission that went around i still slaughtering people there many were killed and houses were destroyed. in that i'm of the coalition shelling targets civilians civilians four story houses full of people all over the neighborhood certainly many have been killed among the most he died in rocket in an airstrike. so dan maybe can shed some light on this for is there a genuine difference between good and bad bombs.
11:20 am
no of course there is and what's absolutely clear is the recklessness which is actually was bad enough under obama but has increased under trump the recklessness with which the u.s. is pursuing its foreign policy goals on britain and its allies and the other the others in the coalition i say that. absent this got complete impunity and complete disregard for the lives of those living in places like mosul iraq and it really shows the racism inherent in what's going on here that leaders of african and asian states are denied by the west and he denied that they have any right to use any kind of military means against an insurgency that happens within their own borders and yet when the u.s. and its allies decide that they want to take on a population anywhere in the world then they have absolute immunity to do so so in twenty eleven gadhafi was trying to put down a proto isis rebellion in benghazi and was labeled by the west a genocide there
11:21 am
a bloody dictator and so on and was eventually subject to basically torture and lynching by those states and yet when the u.s. decide they want to carpet bomb mosul or rock or thousands of miles from their shores they can do so as i say with complete recklessness impunity and disregard for the populations living there. it's called writer and journalist downplays brad thanks for joining us on r.t. and sharing your thoughts. the u.s. house confirms that it won't cancel lonia security services of possible terror attacks in a spanish region back in may the revelation was supposed made by a spanish newspaper which published the document allegedly sent by the cia the paper also pointed out that the warning came before the recent attacks however catalonia is interior minister denies that this cia said the documents say it was issued by other sources and lacks credibility. when we're going to need go there's
11:22 am
a leak as we've done from the very beginning we deny that the castle police force speaks directly to the cia the warning the possible terror attack came from other sources and was dealt with in the same way as the dozens of other warnings we received we always verify them and rate their value in this particular case the warning we received had low credibility. apart from the u.s. and belgium also warned spain map back in march twenty sixth dane about the main plot behind the recent attacks and the mom who radicalized and organized the terrorist cell he managed to enter spain from belgium earlier i discussed the issue with loretta napoleoni an expert on the financing of terrorism she thinks you're up need a new approach to countering terror. we're talking about half a continent here there are so many we were talking about four. million peebles leaving you know with dean the european continent it is easy to sleep through
11:23 am
the bureaucracy if you know how to do it now that that's not justify what is happening in barcelona we must prevent these kind of radicalization taking place in our own countries if you look he story of the money. you can easily see that it was. a very small mosque the come from bell germany so this is. i think we should stress. though in europe there are no borders and people can move and work freely from one country to another the real problem is. the radicalization process. is spreading everywhere but we need this positive or
11:24 am
a positive approach and corporation that really what we need which we don't haver at european level at all. the head of poland's tourism organization has been fact after remarks he made about auschwitz concentration camp and a newspaper interview he suggested the nazi camp was not quote an attractive tourist destination he also added that the site had more to do with other countries history than with poland's we discussed the issue with israeli journalist big door esque in he says these remarks just reflect a bigger trend in poland the attempt to rewrite history the whole atmosphere in poland today is in this terrible direction of. second world. war history it's not really in my business what poland does with these so that chap basically follows this period of polish parliament same decision from june twenty second which allows them this to create the memory of the soldiers so
11:25 am
rescued to save poland from that says and another holocaust memorial in poland is also embroiled in control of the scene russia's foreign ministry says moscow isn't being allowed to participate in the reconstruction of a museum museum insolvable which was the site of another form of polish concentration camp to be god there are now that every country has spoken out in favor of fresh participation in this project it is absolutely clear it was against russian politicians as about rights absence not being a negative thing out of place there is no need to mislead people by affirming that russia somehow itself recently asked to be included in the project they saw the boy death camp was operational for two years during the second world war two a quarter of a million jews believed to have been killed there. convinced
11:26 am
that russia must be there again must be there this. war a revolt was by the way the only successful revolt against the nazis and then a concentration camp of the jewish inmates disks some of them escaped some of them died but most of them the war officers of the soviet army. not to get in touch and share your views on the day stories by following goes on facebook and twitter i'll be back in about thirty minutes with the headlines but if you can't wait until then check out our website i teamed up call.
11:27 am
here's what people have been saying about rejected in the us it actually does belong on the only show i go out of my way to lunch you know what we wanted was the really packs a punch oh yeah it is the john oliver of our three americans doing the same we are apparently better than blue that you see people you've never heard of low or down
11:28 am
to the next president of the world but i'm so very. seriously send us an e-mail. time lindsay francis is the bus broadcasting around the world from washington d.c. tonight wells fargo is in the hot seat again with an expansion on the number of projects and customer accounts it opens also net neutrality gets pushed to the back burner yet again and this comes as congress goes back to school on capitol hill in just days we've got the details on that and cyber security the state of new york is requiring financial services companies to overhaul their departments and it comes with a high price tag my guests tonight discuss to stand by who must start right now.
11:29 am
we have new information on the wells fargo fake account scandal the bank has revealed that up to three point five million accounts were potentially opened by its employees while under pressure to meet aggressive sales targets but without customer permission this is a one hundred. thirty thousand account jump in those fraudulent accounts up from the two point one million originally reported one hundred ninety thousand of those incurred fees and charges the original investigation only covered the years between two thousand and eleven and two thousand and fifteen but investigators quickly saw that the scandal time frame extended from four years to seven years the type of
11:30 am
accounts extend to five hundred seventy thousand needless car insurance accounts opened without customer knowledge as well as five hundred twenty eight thousand customers which likely were signed up for online bill pay the scandal is the biggest in wells fargo's history it cost then c.e.o. john stumpf his job in the bank is also under congressional inquiry and an investigation by the justice department wells fargo is so far set to refund two point eight million dollars to customers in addition to three point three million it is already agreed to pay. next week a house committee was supposed to hold a hearing on net neutrality but on wednesday we learned that a hearing has been delayed until further notice for she has more on that for us now
11:31 am
to what's the reason for this back burner ring of this well the committee invited leaders from a bunch of different tech companies and internet service providers but none of them committed to even attending the hearing and they're kind of important in this debate the u.s. house energy and commerce committee was planning to meet next thursday to discuss the future of net neutrality under the obama administration broadband internet was regulated as a utility which stops providers from blocking or slowing websites it also prevents them from operating fastlane services but the trump administration wants to change that ever since it was appointed chairman of the federal. communications commission congress knew it was in for a fight moving forward but scrapping the obama era rules though he knows he has more than congress to worry about executives from eight different internet companies and providers declined an invitation to testify in the hearing or even attend at all it's a fairly divisive issue in silicon valley though most companies that have spoken up
11:32 am
are the ones that support the current rules that includes facebook google and amazon to name a few and according to a report from earlier this summer they were allegedly told by republican members of congress that they shouldn't push too far if they did that mean they might have problems with other policy issues that they care deeply about and republicans have been able to count on some providers like eighteen t.v. rights and comcast all of which support changes to the current rules but it's unclear exactly what they will support when it comes to those changes and they're already having a hard time with public support outside of the beltway in silicon valley leaders and how the rest of the country to worry about too and right now the figures aren't looking good in fact a recent study shows that a majority of americans who wrote to the f.c.c. regarding net neutrality want the rules to stay in place. it's an on going war isn't it yes that is tell us more about the study you mentioned who conducted it so
11:33 am
it was conducted by him which is a consulting firm and it was funded by broadband for america which is a pro net neutrality group but what it did was basically analyzed all of the messages that americans were able to send to the f.c.c. were guarding net neutrality they were able to say i support the current rules i want changes and at the surface sixty percent were against. a proposal thirty nine percent supported them but when you were able to submit these messages which was done online it wasn't like you were writing a letter so they couldn't go through the physical copies of them you can you could have said. it is an automated one that said yes i want to keep the rules the way they are no i want to see changes and they found that ninety eight point five percent of the personalized messages were in support of the current rules so a majority of these people want that submitted of course i participated in this want to keep the rules the same now again this is by broadband for america i was
11:34 am
funded by them when their pro net neutrality group but you know going off without data alone it doesn't look good for lawmakers that support the f.c.c. chair as current proposal right let's talk about this this hearing being delayed a trade association made some interesting comments about this well what did that groups so encompass which is a trade association association that represents a lot of these groups which is also pro net neutrality. published a statement regarding the delaying of this hearing and they basically said if these proposals were to be enacted it would go the way of what has become of the cable industry right and we know how frustrated many americans are with their cable providers and they're saying listen if you implement these rules it could be really frustrating for customers and executives alike ok thank you very much. on august twenty eighth the new york state department of financial services kicked
11:35 am
off strict new requirements for banks and financial service companies in the state of new york they are now mandated to create larger scale cybersecurity programs they're also required to hire a so-called chief information security officer it's the first law of its kind let's bring in an expert on this please welcome todd shipley president and c.e.o. of euro software thank you so much for joining me on this big things are happening what are your thoughts on the state requirements. well thanks for having me this afternoon i think this is a fantastic thing that the seed of new york is actually doing now you have to remember that this kind of framework for assessing what they're doing for service here is not new the national is to the standard has been doing this for some time but the state of carroll the state of new york has just finally implemented a law requiring that the banking industry actually do this and i think this as a first in the country will be a guy for other states to follow in the future one of the main compliance requirements is to hire a new chief information security officer some companies have this now it's going to
11:36 am
be called c.i.s. so it's not cheap in san francisco some numbers we've got you know the cost can go upwards of three hundred eighty thousand dollars for this person it's a big job j.p. morgan citigroup might be able to handle that but what about the smaller companies . well it's going to have a huge impact i think a lot of the other companies that you've named probably already have somebody in place the need to reassess the title probably but they're already somebody doing this function within the company the smaller banks that are looking to doing this will have to implement something now the good thing on the law is they don't have actually have to hire a person full time they can have somebody designated already within the company responsible for this or they can hire a third party to do this but it does come at a cost and they all need to understand that it's not just the cost to the person that is coming in to do this work it's the fact that the companies are now responsible for cyber security that they really haven't been responsible in the law
11:37 am
before you know let's talk about cybersecurity in general you mention these costs if we look at some of the numbers we have in this chart we see that since two thousand and nine look at these numbers go up spending on cyber security has increased pretty substantially topping over but about sixty billion dollars in two thousand and seventeen alone hitting point three five percent of the u.s. g.d.p. just to put this in perspective this type of increase in spending how hard will it be for any company to maintain. the minimum requirements for the state requirements or even federal requirements as they may be come online. well it's going to be huge as war and more companies are put under regulation by their us the state or federal energies to comply with this it's going to be huge but i think all companies are recognize that over the past decade the increase in requirements for cybersecurity of any kind has gone up substantially unfortunately it's a cost of doing business and they need to invest in it as part of the
11:38 am
infrastructure that is part of what the company does to prevent crime within their own networks you know we always say that you know bureaucracy in this sort of government infrastructure it just tags along right after technology and a lot of people would say this this is a long time coming especially after the so many happy yahoo hack things like that those are just media companies don't even financial firms but the maiden and costs on something like this someone who works in cybersecurity how much can any company expect to actually spend on maintaining systems. well they're going to spend a lot and that ends up being part of the problem there is not just an initial investment that brings in the equipment and the software to do it all these software devices and. procedures that are in place require maintenance and it's going to be have to cost at least forty or fifty percent probably of what they already spent for initial implementation so it's going to be huge for these companies to maintain that but they've already been doing this this is not
11:39 am
something new these companies understand that it's occurring so it's just part of what they've already been doing is just being identified now and that the cost is going you know astronomically high but it's something that they have to do otherwise they're never going to be able to be part of the internet world ok so you would say that a lot of these financial services firms especially have already got onboard themselves because you've got to keep your credibility in your safety for your customers but now it's being sort of. you know across the board they're trying to get sort of a uniform approach but what kind of a strain does this put on the system you've got to notify state regulators then seventy two hours of cyber security or data security instances breaches this system a bit vague. well it's hugely vague and this is going to end up being the problem when they say a cyber security event that impacts the system is that a spam e-mail that potentially comes in is it then that actually were somebody gets through the network and actually into the system it isn't clear yet what that means
11:40 am
and that's going to be one of the problems that these companies have to deal with in reporting to the state is what is an event in the state has to be a little bit more clear about that i think that's going to eventually fall out but right now we don't know for sure what it means because the state hasn't defined it well enough for those companies to respond to it so it's going to be a big deal as you say something sort of vague like this the vague outline that these companies are getting as i mentioned before a drag on the system from a government perspective is the government sort of up arming to deal with a situation like this. well that's the part we don't really know yet is how they're going to be able to respond to all this data as it comes in what it's going to mean to them how are they going to critique companies for failing to report are they going to find them we're going to go we don't know yet. well it seems terrifying for a lot of these smaller companies to have this these vague sort of marching orders but do we know from the government what is enough and what's not enough as far as
11:41 am
whether or not a company is meeting these standards are we sort of in a holding pattern to see what for the rules are going to come out especially from a financial perspective for these companies. well i don't think so because if you look at what the state of new york has implemented it's the this national institute of standards technologies previous framework that's been around for quite a long time nist has been working on this for a decade or more i wrote about this you know a decade ago how to deal with risk assessment for law enforcement in the same space and nist has been working on this for a long long time and implemented this framework that the state of new york is doing so it's fairly straightforward and there is not a known everybody knows what the framework is interesting to keep up on on how this situation evolved and the new stuff to a lot of people thank you so much todd shipley president and c.e.o. of euro software. thank you for a. hurricane harvey has not brought the boost to oil that some expected oil rose
11:42 am
one percent today but u.s. crude stands at forty seven seventeen cents in fact oil prices fell this week analysts say the focus appears to be more on the lower demand from knocked out refineries they hit to supply from producers actually twenty five percent of u.s. refining capacity so far was slowed by the hurricane according to goldman sachs nearly three million of the eighteen million barrel refining capacity in the united states has been stopped members of the organization of petroleum exporting countries admit they're stupefied opec has extended its agreement to restrict production and to boost prices and harvey has not helped opec has done this for months and just see no break meanwhile for the first time in two years gas prices hit above two dollars a gallon jumping fourteen percent on the news that motif the largest refinery in the u.s. or shut down by flooding from hurricane harvey it could remain close we've just
11:43 am
found out today for up to two weeks. time now for a quick break stick around though when we get back the new c.e.o. of general electric plans to carry out aggressive job cuts to get in line with expense cuts also my guest tonight top goal is a safe haven rally or are we seeing something on the go to break here the number the closing bell.
11:44 am
people. there are not ones up. on the flip off let down one of the nights on the definitions and i'm bad. when seeking i mean the south. and. taking the equal say the south just intimate with oxycodone and then you get ready for a. how is that guy. young movie it might not be. good enough to not let beach to. suss out.
11:45 am
to business just dealing with one mean a leftist i know be deep but let me say this now in tokyo find it he's going to keep going. like. this one was because did a piece against him call cultural shift from the premise. that. it's a new job cuts planned for. the new c.e.o. new general electric chief executive officer john flannery now says the company
11:46 am
will reduce staff at corporate headquarters and those occupying non revenue producing jobs in departments such as human resources recruiting corporate security helicopter and jet operations and procurement just to name a few no numbers have been released but those close to the situation tell the media that the cuts will be aggressive the plan is to take out two billion dollars in cost by the end of two thousand and eighteen according to g.e. flannery will present a blueprint of those cost cuts to investors in november but jobs will go before that g.'s stock has fallen twenty three percent this year alone. and wall street showed a higher open today the dow jones industrial average was up two point three percent at opening at twenty one thousand nine hundred forty one and then the s. and p. five hundred went up two point two seven percent at two thousand four hundred sixty four the commerce department says pending u.s.
11:47 am
consumers a group point three percent in july the highest in three months also the federal reserve's preferred inflation measure increased one point four percent from july two thousand and sixty eight it's the smallest year on year increase since december two thousand and fifteen so we've got tepid feelings about a rate hike by the end of the year on top of that wages and salaries grew the a.d.p. jobs report indicates two hundred thirty seven thousand jobs were added definitely an up shot to what was projected now in the previous session just after the government raised its estimate of second quarter economic growth stocks climbed. gold breached thirteen hundred dollars this week so what brought us to this point and will this last please welcome c.e.o. of euro pacific capital peter schiff peter thank you so much for talking with me
11:48 am
about this. when one does well the other doesn't do so well we're talking about the dollar versus gold if you look at gold the u.s. dollar since november of last year up and down but way down and then it swung right up and the strongest. in a while let's just say but since the beginning of this year we've just seen it go straight up or seeing a total decline now. short term drop off for the dollar is this a problem that's been happening for some time now. well i think the dollar had a substantial rise based on the expectation that the fed would be able to normalize interest rates and unwind its massive balance sheet and the general belief that the fed's experiment had actually succeeded and that the economy was in better shape as a result and so the dollar kind of road that rally and now i think is starting to surrender those ill gotten gains you know the dollar is on pace for its worst year
11:49 am
since nine hundred eighty five we just finished the month of august a down month for the dollar it's been down six months in a row and so the weakness in the dollar is one of the reasons that the price of gold has been rising in dollar terms but it hasn't risen much in terms of other currencies but i think that's about to change i think now that we've really kind of broken out gold's above thirteen twenty in dollars that in fact goal was strong most of today even as the dollar began the day ferber it did end negative but goal was still up against all currencies and i do think that that trend is going to continue between now and the end. a year and then accelerate next year you know the argument can be made that political tensions with north korea pushed gold causing it to break thirteen hundred displaced what do you think. well goal was going on regardless of the focal tensions in north korea which seemed to last just one day in fact gold was up that evening but it actually finished down the following
11:50 am
morning so gold has been rising and it's not because of a safe haven you know if people really were concerned if there were geopolitical fear out there the stock markets would be falling but they're not the stock markets are rising so people are not buying gold because they need a safe haven at least not from geopolitical events they're buying gold to get out of the u.s. dollar they're buying gold to have safety from inflation which a lot of people haven't understood the risk but i do think globally the risks are going to start to become more evident as a result of monetary policy that is this that around the world not just the united states but in europe and japan and china there's been a lot of money creation interest rates have been how the artificially low and i think currencies around the world are going to be losing value and so people want to get out of them and some people buy stocks and other people are buying gold and i think more and more people will be buying gold around the world and if we ever do
11:51 am
get a real geopolitical threat then i think people will flock into gold as they dump equities but that's not happening yet let's take a little bit of a more in-depth view the dollar's decline since we're talking ninety seven down to ninety three on the dollar index now some are saying that is a good thing might fall from goldman sachs has said it's actually an attractive prospect and we can consider a long trade on the dollar what are your thoughts. well i think going long the dollar would be wrong i mean i think that trade has already played out. and i think the better you know the real money to be made betting against the dollar but the question of whether or not a dollar going down is a good thing it depends on your perspective you know if you're foreign if you don't own dollars if your debt is denominated in dollars if you buy commodities that are priced in dollars but your income is in other currencies that is
11:52 am
a good thing and i think the weakening dollar will end up being a very positive event for a lot of people around the world particularly in the emerging markets that have a lot of u.s. dollar denominated debt and especially some of the countries that not only have dollar debt but that export commodities so they will benefit but it is a negative for america because a weak dollar means that americans have less purchasing power so it means our standard of living goes down because things are more expensive for us to buy and ultimately it's going to push up interest rates as the world has to price in dollar weakness into interest rates and so far the fed has been able to keep rates artificially low but a strong dollar made that much easier for the fed once it's fighting a weakening dollar the task is going to become increasingly difficult right so let's talk about those rates traders in the u.s. they're more interested many times of course in knowing about fed policy we heard a tepid statement jackson hall last week. looking at spending inflation by the fed
11:53 am
own index that it looks at pretty low do you think there could be an interest rate hike by december a lot of people say no do we see another rate hike at all and what could it do to the dollar prices by the end of the year well either the dollar the dollar is going to go down regardless of what the fed does i mean the trend is in motion and you know the fed has shown a propensity to raise rates regardless of the economic data ever since trump was elected president so i don't really know what they're going to do maybe they'll raise rates again before the end of the year but regardless i think they're very close to the end of the so. i mean anybody who's smart now is looking beyond the next rate hike to the next rate cut because that's going to be the beginning of the next easing cycle which i think is going to take rates back to zero maybe even below zero it's going to on leash q.e. four which i think will be bigger than the first round one two and three combined and so those are going to be more important factors also look at the budget deficit
11:54 am
that i think is going to be exploding over the next several years particularly if we go into a recession but if we get tax cuts you know course we're going to have some big government aid package for the victims of the hurricane and right by then texas and you know all that money has to be borrowed because we literally have nothing saved for a rainy day and when we have a day where it pours you know we have to go and borrow the money ok real quick before we go we got to talk about this debt ceiling september is a big month for the u.s. government it heads up on capitol hill again it's not only going to talk about raising that ceiling but also to create a spending bill for the next fiscal year as we move into these talks do you think we'll see any sort of market reaction a real this turned into sort of another wait and see situation where we won't see any real market reactions until we got there raise the debt ceiling or go into a shutdown of some sort. yeah well you know i don't think anybody really believes that the debt ceiling is not going to go off i mean this is
11:55 am
a phony crisis that they've manufactured but you know the real crisis is the debt ceiling going up i mean i would love to see the debt ceiling stay there because that would shut down the borrowing and force the government to cut you know its size and spend less money but you know we're going to keep on raising the debt ceiling and that is the crisis because that means the debt keeps growing and so the downward pressure on the dollar is going to keep rising here you're not alone in that fair let me tell you oh thank you very much peter schiff c.e.o. of europe pacific capital. well time warner the parent company of c.n.n. the mainstream media news giant says it is donating one hundred thousand dollars to victor. of hurricane harvey and its matching employee donations also stepping up to the plate comcast and d.c. universal it's giving one million the donations to that relief effort something unique here the company will also donate advertising time to the organizations that are undertaking this aid so at least comcast is sharing the air but it kind of makes you wonder about these companies which directly profit from the hurricane
11:56 am
ratings go up when you cover bad weather everybody in news knows this it's why we have the weather channel the pre landfall the preparations you can see it here when the storm hits the aftermath you show the tragedy in the cleanup you line up the traumatized locals and you knock your ratings out of the park when they cry what's really odd here is offering power donations while making big money on the devastation and most importantly the devastated victims. but that's just a bit suspect to make thank you for watching that's all for now check out the show on here to you tube dot com slash boom bust our take thanks for the next.
11:57 am
welcome to the wonderful world of blood donation i come here every three weeks to get my transfusion to be specific i receive immunoglobulin my body gets and supporters that i cannot produce itself around the world giving blood is seen as a symbol of generosity and does this because it helps people it's just one of the side effects is that i did this the plasma burn put the money on your car immediately you don't have all plasma based drugs today come from private
11:58 am
companies and are produced from paid plasma as well as. you know a motor car and. what are the risks of a donation which. then is proof that the frequency of pathologies is much higher paid. in it. if i was. over two years old he was. in the money using the drug and who run. as the blood business. boss alone the dubrovnik in venice are all fixed travel destinations so it must be nice to live there or is it. crowds of tourists disrupt the city's economic and social life in them and hopefully before the sun the seneschal get out of them all such as the traditional
11:59 am
story some nas stuff by him sometime soon as we finally saw a school math teacher. while the city's tried desperately not to collapse all powerful corporations collect the profit of vision totally cool but who put this up it will probably go on the dole coffee cup at home in the bushes up the on saabs knock up the supposed to mean a. good. life. is a tourist phobia will fail fall into an identity. here's what people have been saying about rejected in the us is it just full on awesome the only show i go out of my way to lunch you know what it is that really packs a punch. is the john oliver of r t america is doing the same we are apparently
12:00 pm
better than booth. and see the people you've never heard of love right back to the night president of the world bank go. on the road a seriously send us an e-mail. a baghdad often it receives more abandoned children a fine i still find says they were too disturbed by what they've been through to speak they are among dozens of all things at the shelter that r.t.d. is trying to reconnect with their families by. u.s. central command admits it likely killed sixty one more civilians in iraq and syria during its anti eisel operation in the region. and decides to boost its military funding to an m. precedented level in light of the growing tensions in the region.
50 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1889713767)