guard against the military industrial. we shall never go again. war you should know that the old yes we do what. we. say. i'm going to do just that if you're watching. swash to move. the.

goal. time when the frances is being bused broadcasting around the world from washington d.c. coming up japan's kobe still is in trouble it's found four new cases of taking factions it's losing the quality feel on its proper product and the european central bank says it will ease the pace of its bond buying stimulus program it will have its bond purchases to thirty five billion dollars per month starting in january and my guest weighs in on the phenomenon of the four a one k. plan in america the opt out feature offers and introduce love of human nature he explained by the above start right now.

according to the st louis post dispatch amazon has been granted approval to operate as a whole self. pharmacy in twelve states over the last several months speculation was rife that the online retail giant would enter the field of medicine importantly amazon has kept quiet about dabbling in prescription drugs it never spoke about pharmaceutical expansion and is not responding yet to this story in june amazon announced a fourteen billion dollar acquisition of whole foods and now has plans to sell a smart lock allowing deliveries to be slipped into your home when you're not there . and we've got a vote for a four trillion dollar budget and most likely drastic tax reform in very short order the house narrowly passed the budget some say and shelves the longstanding

concerns over federal deficits and instead deliver on the revamped tax code which republicans have promised for so long but there are holes in this and it's time to explore them joining me now steve malzberg a conservative t.v. and radio host so great to have you down in d.c. with us yesterday but it's great for you to join me now after we've got a vote on something right off the bat what's your take from this vote it was close to sixteen to twelve it was close because twenty republicans voted no in a protest vote and from what i hear a lot more republicans who voted yes did so just to move the process along look the main feature of this is that it's the senate budget as was as is they they voted they passed it and this now enables the senate to pass tax reform with just fifty one votes they don't need the sixty vote threshold so that was the main thrust of this however in the process they did adopt

a budget here that fiscal conservatives aren't too happy with so there was a lot of you know downside on that if you are true fiscal conservative but let's focus on the tax issue here the reasons why twenty congressman voted no all levon of them from new jersey and new york as we have talked about has now become come to be known as salt state and local taxes that's the issue that might hold up tax reform in the house and senate because it would take away the deduction for state and local taxes and in states like new york new jersey california pennsylvania constituents will get hit very very hard because they have high state and local taxes one remedy might be that they're talking about is to allow property tax deduction just income tax state in the. income tax so we'll see where that goes but they no mistake about it this is good be a battle along the way very entertaining i can't wait to get the popcorn out of

this one look we're talking about murky areas let's talk about retirement contributions we've talked about this we heard from congressional republicans today it won't be touched trump has said it may be used as a bargaining chip that kind of slipped out of his mouth sideways the other day what do you think about this are deductions are you really slashed. i think it's on the table i think for one case where if you contribute through your company's program it's pretax money ok so it doesn't count as income and you pay on the way out when you retire you take the money out you pay tax on it is income right now a person could contribute eight hundred thousand dollars if you're over fifty it's twenty four thousand dollars they want to slash it down to two thousand four hundred dollars and what this would mean is a lot of people would have much more income coming in and have to pay taxes on it so it's a ray of raising revenue however the good news if there is any it's kind of like a roth ira where you pay with post tax money you know so to speak but when you take it out later you've already paid tax on it so it's kind of six of one half dozen of

the other kind of but there's also other issues here and i don't have the four a one k. issue on the salt issue but now they're even talking about hey will we even have the doing away with the whole inheritance tax the estate tax i mean that the death tax so that might not even be in there but with all this being said chairman brady wants to get a proposal out by november first he wants a committee vote by november sixth and he wants this on the floor by thanksgiving. and that's a that's a big turkey to cut open and i've got to ask you just real quick before we go is this just shelving concern over the deficit because a lot of conservatives were really dragging their feet on that. yeah i mean a lot of them just could just swallowed and gave in because you know this will this will contribute to the deficit the tax plan is a one point five trillion dollars over ten year tax plan that will increase the deficit you know contribute to the deficit by that much over that time the hole is

that the economic growth that will spur will negate that somehow thank you so much they come down to washington again soon would love to have you down here thank you guys i want your end on this concert t.v. and radio host steve malzberg thank you. the american for a one k. system has kept many in the middle class afloat in retirement that's why its placement in the tax reform proposal has people so very very concerned but it would not have helped so many people through those years had it not been for that automatic enrollment at play all you've got to do is opt out but people don't tend to do that so let's take a look at how that happened and what it's meant for americans who face retirement joining me to discuss is professor david henderson author of the joy of freedom and economist odyssey and research fellow at stanford university's hoover institution.

look we got to talk about this at tax reform time before a one k. opt out pretty much took away choice and save people i mean it didn't stop them from choosing but it made it simpler so no one had to act they were just enrolled and they saved and you give credit to the recipient of a two thousand seven hundred nobel. prize in economics richard failer you wrote in a recent wall street journal op ed that he is the guy who developed a theory that we act in our own best interest explain that to me plain well first of all we should give credit to his co-author bridget madrina also who was a big part of this but yes richard thaler so the standard economists assumption is that we are rational we think clearly we make choices clearly and carefully tailored challenged all of that said we tend to go with just very kind a rule of thumb kinds of things and we're very stuck you know in whatever cysts situation or in so it's hard for us to make change so he said it would matter

whether and bridget midrin matter in so those two it would matter whether the default is that you're in for one or the default is that you're out and for many years the default was that you were out you had to take positive action to be in the program and she got a new dream god who was a sailor student i believe or certainly junior college got a company to experiment with this and found that when they had the old standard style default that you're out unless you choose forty nine percent of people chose and when they had the new one seven the thing was seventy five percent of people seventy eight percent of people chose so it really mattered and so that kind of fit is theory and so just by having the default be that you're in people say it keep more people in the program and therefore save more for the retirement and it was

always easy to get out. and you said still some forms but it really mattered it's filling out those forms to get in or to get out a lot of people apparently don't want to do that let's take a look at the wider base of america that back in two thousand and six lawmakers used his research to improve our four a one k. automatic enrollment systems you can see a sudden spike in the number of people in for a one k.'s greatly increased after that two thousand and six piece of legislation two thousand and five to two thousand and fifteen it went way up we're looking at about sixty percent there people are saying let's talk about tax reform if they don't have those retirement account deductions what do you think will happen to this. well as my understanding of tax reform and i'm not defending this but my understanding is they limit the deductions to something like the number i read in the new york times twenty four hundred a year which is below the max

a lot of people can do now. so but i think they replace it with wrong and so i think you could set up an employer could help the employee set up the same thing so if you did go to the roth ira you could still have this automatic automatic. you're in luck. you know so i don't know that it would matter right but that takes a positive action. we're going to eighteen thousand eighteen thousand to twenty four hundred it's a bit shocking to a lot of people have you have to put it in the surly take a pause a version of the change the law as well as for those without a right there senator you know what i mean just kidding ok. also divided the population into econ and humans and you shed some light on this in what you wrote it comes are considered economically rational people humans are not i tend to be a human i don't know about you do you agree with i just. what do you think about

that do you agree that this is kind of how we're divided up. i do and i think i do tend to be in econ but i think it's partly because i studied economics and i was already a little that way but it made me more that way it made me think through more carefully lots of decisions and so i think that's right i think it was right of him to notice the importance of this and to apply it all over the place one thing i'd like to see them up and apply it to though is government officials because they're humans too and they're making decisions for the rest of us so the costs of their bad decisions can be orders of many orders of magnitude greater than the cost of our bed ok so you're saying that all law makers should be a content all it comes from being lawmakers is that right is that what you're to know it's. make or should be const but they won't be ok let alone the fact that they won't be and that's trying to limit their power ok so behavioral economy and

the economists that follow are considered sort of friends not so much now what sort of the public's perception of you folks. of economists surveyed major or con behavioral economists because i'm not one of them i'm just sympathetic. i think the public perception is fairly positive to the extent they learn about it so say or even made into a movie the big short explaining to selena gomez about the hot hand and why the hot hand is is a must is not true by the way it's wrong there's been later evidence and stuff but still that his basic point is right people just have way too much confidence in a lot and in in basketball or whatever so before we go do you think that's less choice is better for people when it comes to making the best decisions for their self interest. oh i think those two strong statements they all were probably saying that but i want to i'm going to use it to give an example ok let's say you the

choice between living in siberia or or or north korea versus living in siberia north korea and united states more choices clearly. this is very true thank you so much for your time professor david henderson author of the joy of freedom and economists odyssey and research fellow at stanford university's hoover institution thank you thank you. time now for a quick break but stick around because when we return a judge in the u.k. since a former h.s.b.c. head of currency trading to the u.s. to stand trial wire fraud and more anger in catalonia the spanish region's president and voters are now at odds as we go to break here are the numbers at the closing down.

tonight a common cold i'm not saying whether. you go after the corporations it's just more your life. or death it's not for me it's like medicine it's like a cancer for all the stress that the news but you wonder redacted tonight is where you can go to cry from laughing about the stuff that's going on in the world. as opposed to just regular crying we're going to find out what the corporate mainstream media is not telling you about how we're going to filter it through some

satirical comedic lenses to make it more digestible that's what we do every week hard hitting radical comedy news like a duck it's a night is where attack. look you. know the street looks like the trails attributes would be analyzed in this case the bottom. line with me like you i'm not i got. to put a pretty. long. list with excel. 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 race in truth

to stand down the news business you just need to ask the right questions and demand the right answer. questions. japan's steel said thursday it had found four new cases of fake inspections data in hundreds of its products used in all sorts of equipment such as cars trains and aircraft eighty eight out of the five hundred twenty five companies affected by the falsified inspections have not yet confirmed the safety of their products in question japan's trade minister said thursday that he believed the problems at the one hundred twelve year old company are exceptional and not systemic the country's quality assurance agency withdrew certification for some of its copper tubes.

in the former head of currency trading at h.s.b.c. in london can be extradited to the united states to face fraud charges a london court granted the united states a request to send stuart scott to face an american court over eleven wire fraud charges each carries a maximum of thirty years in prison scot maintains his innocence he argues that the case is u.k. centric and that the u.s. is acting far too aggressive in asserting its jurisdiction the judge at his extradition hearing disagreed stating that the conduct in england had far reaching implications which were felt in the united states three days earlier his old boss a just p.c.'s mark johnson was convicted of by the u.s. justice department with defrauding a client in a three point five billion dollar currency deal johnson faces up to twenty years in prison.

since the beginning of october protests and town halls have taken place all over spain as the cattle land region vies for independence but the catalan president just announced that the region probably won't be leaving anytime soon who. has more on that for us i'm not cobra. first catalan president karl less pledged among declared independence from spain following the original referendum immediately following that spain's constitutional court ruled it illegal forcing police to monta ask for talks with the other side before officially declaring anything and now the spanish government is ready to trigger article one fifty five on friday which lets madrid take control of institutions police and finances people the goal of triggering article one fifty five is to restore legality has i suppose you will want to live in a country where the law is applied if you don't want that to say it and to count on the coexistence that has been broken in catalonia and tackle the economic

consequences that decisions are causing the application of article one fifty five is an exceptional decision since it's an exceptional decision we wanted to last briefly and that's why the process ends with a call for elections now when i want to but when elections can be held in normality so that makes the road to independence a little more difficult on thursday approved among clarified that he will not be calling for a snap election saying i was ready to call an election if guarantees or give it there is no guarantee that justifies calling an election today after madrid threatened to seize control of catalonia his government he initially thought a snap election can give the pro independence movement leverage but most of the supporters didn't see it that way and protested outside of catalonia government buildings to show that in several pro independence lawmakers and besides that they won't take no for an answer either. we are completely opposed we don't see any other scenario apart from the declaration of independence and the proclamation of

the riposte in the election some of now should be republican constituent election this is what is designed to be in the blueprint written and approved by the sovereign law in our parliament in september only with both sides barely budging a compromise of any sort seems unlikely and the spanish government is expected to strip him on of his powers but of the forty three percent. catalonians that participated in the referendum ninety percent voted to leave which means the debate probably won't die down well most of the chaos has been contained within spain and the rest of the e.u. remains on edge as it awaits another potential brics it scenario. speaking of scenarios what's the chance that the loading up actually get to done and leave spain well. to send to parliament now because he couldn't confirm that if he were to have a snap election in december that his powers wouldn't be revoked and we all know we're probably in that sounds they don't want catalonia to separate from spain so it's looking pretty unlikely and it's also looking likely that he will be replaced

because the prime minister of spain made it very clear that he wants him out of power but you know like i just said also of the forty three percent of people that participated in the referendum ninety percent said they wanted to leave so even if they were placed him and spanish parliament says this is over it's a done deal it's not really going to be a done deal at least for the next few weeks yeah that it's all got to play out with the economy right what does this mean for spain's economy well it's really more of a question of what this means for catalonia economy you know good question right now i mean they're both questions but recent government figures show that fourteen hundred companies that were headquartered in catalonia have left just since the beginning of october so it's hundreds of companies per week that have left their address yeah they're moving their headquarters to elsewhere in spain ok so you know it's unclear right now exactly how that impacted things like employment but it does pose a lot of questions you know now that catalonia will likely not be leaving spain does that mean they're going to move back or does that mean they're going to can't

continue to look at catalonia as a problematic area to avoid problems down yes down the road are they in the say maybe you shouldn't try to expand there and impose a lot of questions for post breck's it in europe because a lot of companies which obviously can't really. control the outcome have to create their own contingencies. and also be ready at the drop of a hat to actually enact it not just have one as a safety net they're saying we actually have to go through with this because our business could be severely impacted and clearly these companies did not take this as a joke they got up and quickly they're going to stick with a sure thing i mean i think a lot of people think they're just going to stick with the strong spanish government yeah and i hedged their bets they are so much. european central bank will ease the pace of a bond buying stimulus program it is carefully dialing back

a measure that has helped the eurozone bounce back from a debt crisis that threatened to break up the currency union the e.c.b. will have its bond purchases to thirty five billion dollars per month starting in january and keep them going until at least september two thousand and eighteen the bank kept some flexibility in its statement though e.c.b. president mario draghi says that although the eurozone economy is growing strongly it still relies very much on monetary support notably their druggy refused to call the reduction a taper instead he called it a recalibration. and amazon is expanding it turns out it's been approved as a wholesale pharmacy and as many as twelve states and now it's letting people into your home it's got a new smart lock system which allows deliveries to be left to right inside joining me to discuss legal and media expert lionel of lionel media lionel did you hear this this news we got late in the day that amazon has got some approval for

as a wholesale pharmacist what do you think about that. brilliant we knew that was coming that has to be you know i'm serious why not because there's no reason why it should not infiltrate every aspect of our lives everything and you know what they'll do next they'll come in and bring our drugs into our homes maybe when we're not there i mean after all they're in our homes they're in our lives they're listening to us why not but that's the idea rugs why have you beat your party pooper that's the idea is not a good idea you've got to be on drugs to go along with this look at what if you're arthritis medication that's not bad. oh i'm not saying you could only go to i could go to the mailbox money ever do you understand what's happening here this is the overton window this wonderful degree of of acceptability and what we're

being is we're being how big and conditioned to this all in compassing world of amazon everywhere we go everything under the name of convenience look it's terrific i'm all for this but now they're going to come into our homes they're going to be in with amazon key they're going to have a camera you're going to pay them to watch your oh they're going to come into your job and you're not air ads are there already listening to you they're going to look around and snoop around and what you'll do like go barking say oh. you know just go along with it because we're becoming less mean because look at this we're becoming slaves to this and you laugh. but this is horrible god we're giving or. others are someone a everything that i live by soul of taken by children or

how what what i have never seen the likes of that that is something to behold right there the barking seal accusation that is that is really to be our or here's the thing eagle what they're doing is they're going to clean out the halls of congress with this and this is how millennial we're going to jump onto this bandwagon it's a great idea right and then all of a sudden their little house cameras they have to protect themselves when they're deliveries are sent are going to catch all of the stuff going on in their apartments and no one will run for office because there's too much dirty laundry on them. momente goals don't listen to harm don't know to do it too they'll do it don't listen to or listen to me i see change quite line i do ask you this though in all seriousness in all seriousness i do ask you this do you wish you owned amazon stock answer me seriously i wish i owned amazon ok well least you can admit that you would pay your good honest cabcharge a subsidy of course it makes sense the ideals. are now do it or thank you

so much for your wonderful information on this legal media analyst line of line on media. saudi arabia has made a move that would make isaac asimov nervous they've granted citizenship to an artificial intelligence it's called sophia and thanks to a very uncanny valley looking robot body it can interact with real people a reporter managed to interview sophia and a lot of online speculation it held a conversation with him saying that it was it's a r i was designed around values like compassion wisdom and kindness and also seems to have a sense of humor when asked about preventing a future that looks like the movie blade runner sophia said quote you've been reading too much evil on mosque and watching too many hollywood movies don't worry if you're nice to me i'll be nice to you that sounds terrifying thanks for watching everybody be sure to catch bin bust on direct t.v.

in the united states you can find us on the r t channel three two one and if you miss us on directv on youtube youtube dot com slash r t thanks for watching next time. i'm going to do just that you're watching. a trial where i've spent countless hours one through documents that tell the story about the abuse right. corporate media really uses to talk about the car. i'm going to pay to clear picture about how disturbing. for. mom these are stories that no one on. a market or you're close to the american. worker

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

that the press remains rooted in a fact based universe especially when we enter an era when truth and fiction are becoming indistinguishable. confusion bitterness and infighting within the g.o.p. and that's just this week alone d.c. scenes next year than ever we're going to try to find out what's going on on this edition of. politicking on larry king quite a week in washington republican stalwarts bob corker and jeff flake u.s. senators from tennessee and arizona respectively have announced they were in time it's rather than go through with a ring primary battles back home both have exchanged shots with the president on twitter and.