tv Boom Bust RT December 8, 2017 7:30pm-8:00pm EST
7:30 pm
did you all start around the clarence thomas time was at the beginning of when you were you're out there of clarence hill anita hill. yes in the early one nine hundred ninety s. of course you can tell from our title that we're primarily interested in women the vast majority of our staff are women and we sort of originally formed as an alternative to feminist organizations that we believed were getting away from being trolled women and. more. democrats organizations or left leaning organizations so we wanted to step in and be a program an organization with an alternative voice now on to health care i'm not sure if it's going to happen or not be a see a portion it looks like it might but you know if the individual mandate is goes computing is killed what happens to that what happens to the country then what gets put in its place remember the president was going to repeal and replace what didn't seem like there's any replace now so what happens do you think. oh it's if that
7:31 pm
naming issue for people who like to study help policy of course the individual mandate in itself isn't really a solution in terms of health policy it's sort of a side effect or a symptom once you create regulatory environment that might invite people to only buy health insurance when they do have health care problems or when they become sick and that's the case under the affordable care act then you have to create some kind of mechanism to encourage people to buy into the system even when they aren't sick when they're young and when they're healthy and that's the goal of the individual mandate that's the goal of similar mandates and other health care systems around the world for example in the swiss system there's such a pretty hefty penalty that people have to pay for going without insurance and president obama when he was a candidate actually for office in two thousand and eight he said you know if we wanted to get rid of homelessness we could try to mandate that everyone buy house but people can't i think that they can't afford and unfortunately that's been the
7:32 pm
case under the affordable care act many people and spite of the penalty are going without insurance opting to pay the penalty which is on average between four and five hundred dollars a year for people who face the penalty versus those premiums under the affordable care act which unsubsidized cost over four hundred dollars a month for someone who is thirty years old for example so what better what is the plan on the what do we do how do we replace it hadley how do we think you know i agree i agree there are problems but what is right what's a solution so getting rid of the individual mandate just like putting it in place isn't really at the heart of the debate at the heart of the debate is how do we make those health insurance premiums more affordable for people because that's ultimately the greatest incentive to buy health insurance it's something that most people want to carry especially considering the high cost of medical care in this country and making health insurance premiums more affordable this is a subject of great debate over the summer as republicans put together a health care package that ultimately did not pass but one of their. key
7:33 pm
ingredients was let's give states the opportunity to change some of those regulations under the affordable care act for example the essential health benefits which is a list that the department of health and human services puts together and they say every plan must cover this ten different categories of care and services in our health care system where as some people may not want to buy a policy that includes every static it's every treatment service that the federal government says it's necessary or essential and so by removing that regulation or at least okrent greater flexibility for states there might be opportunities for insurers that the together your basic insurance plans don't cover everything but of course not everyone needs every piece of coverage so seeing those average premiums come down that's ultimately a solution. hadley thank you so much for your time you know if we just keep waiting for the right solution and nobody's come up with it we have more people covered by health insurance now it's not perfect but i keep people wanting not just the the repeal part but the replace part so we have a healthier current country hadley heath medi the director of policy for
7:34 pm
independent women's forum thanks for your time thank you. fires continue to burn in southern california and the latest report just from just moments ago indicate that more than one hundred sixty thousand acres have been scorched closing hospitals schools roads and even some freight rail and past passenger train traffic like amtrak surfliner that runs runs along the coast earlier today after california governor jerry brown saw federal disaster assistance president trump declared the piracy an emergency and ordered additional federal aid while individuals have been hospitalized there have been no fatalities unfortunately that can't be said for some animals on thursday barns containing five hundred race horses were gulf in flames but workers and traders risked their lives and saved all but twenty five. the animals some of those horses by the way were
7:35 pm
worth several hundred thousands of dollars and were simply sat free to save their lives a few remain m.i.a. to give us more details and texture as to what's going on in california here's archie correspondent tasha sweet with a report here in ventura county of a kut-o. and sitters vineyards make up a good portion of the local economy and similar to the fire storms in northern california and its vineyards it's going to take more than just time to rebuild its local produce the fires erupting in southern california has ripped through more than one hundred thousand acres irene henry is one of the thousands who have had to evacuate this was a scene from her balcony in ventura and as an insurance agent she's usually on the other side of the equation on a personal note the hospital vista del mar that was right that's actually blocks from my home well several multimillion dollar homes burned down in los angeles from the scribal fire near the getty the vista dome our hospital was one of many
7:36 pm
commercial properties damaged in the fires it was a close call for six flags magic mountain on wednesday flames could be seen right over the theme park we contacted park officials who confirmed no damages were made but when it comes to ensuring those types of businesses risk is well as these kinds of natural disasters like fires certainly comes into play you're putting a bigger portion of the population at risk with raw ins and whatever else you know public food everything just more open to the public or more of a liability issue just weeks ago wildfires that broke out in northern california and it's famous wine country killed forty four people and destroyed one thousand one hundred homes and other structures and now it was just announced insurance claims for northern california have added up to a whopping nine billion dollars so i'm a county was the highest coming in at seven point five billion dollars in claims that the county made one point five billion in. claims well fires are common in
7:37 pm
southern california this time of year before the winter rains set in when the vegetation is tinder dry and winds blast the region but neither venture or los angeles counties nor their neighbors up north this past october were expecting destruction to this degree the series of fires northern california burned two hundred forty five thousand acres so then california has at least one hundred thousand acres burned it's something henry says could raise insurance rates for residents who stray they will have their actuarial go back to the table and figure out if they have to calculate recalculate numbers and see it premiums will need to be adjusted as well only time will tell just how long it'll take residents to pick up the pieces from all they've lost left our house. our house. do we look at you know it's very well how. tall are standing there.
7:38 pm
or my brother wearing. our new friend as people like dearly in jordan pick up the pieces and move on the question remains if the issues seen up north like price gouging in the housing sector will plague the area suddenly they charge three hundred dollars an hour because they know they're going to get paid they know the checks not going to bounce but for right now with their home or business take care smart video everything so what and if there's a fire you have a list and you can supply that to your your adjuster and you can show proof of ownership you'll make your claim go that much smoother easier for a processing standpoint but now that we know the insurance claims up north amounted to nine billion dollars the question remains of how much the damage will cost here into the california not only to insurance companies but to the economy as a whole in ventura county natasha's suites. time now for a quick break but stick around because when we were turning we'll take
7:39 pm
a look at the latest jobs report posted info how wages are faring. and as we go to break here are the numbers at the closing bell. please. please please please. apply for many clubs over the years so i know the game and so i got. the ball isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super money billionaire owners and spending to get to the twenty million and one player. it's an experience like nothing else i want to do because i want to share what i think what i know about the beautiful game was great so one more chance with. the base
7:40 pm
it's going to take. gun some is not is not quick police is not good to country and. trying to secure the minister to live bush among us well before the storm. and then you get this without the us to go this is. the statement which i. took over the charade of the. checking of the serious. polling and just with all the embers from both sold within the realm of the i'm still beating that i'm. still . play for the columbus police based on the odds that come out why dr john said on base that on my show does not mean can i do the last hour we must rise from that
7:41 pm
matter how to. run the show cannot. confront a man like in the. most you're going to fuck them on the. road since your dream is on another go show you will see both of them go to the cities in the middle our voices in this are to be one of the street the. cinema would argue over you know that a lot of this. is what. it looks like we have another space whether it would be his company or space by saying it'll be a boeing rocket that does it to an account that posted a link to interview apollo nearly a year of back and forth there if and when either of them will hear or go ford motor company announced it canceled its plan to believe instead the operation would take place in michigan burning praise from presidents in the us but the company has
7:42 pm
changed its mind yet again on thursday ford said it will indeed be making electric cars in mexico though the flat rock michigan plant will get a bigger investment than initially. plante the vice president of autonomous vehicles and electrification told the new york times we want to make sure we have the capacity at flat rock when we launch we are very optimistic that we will grow the volume in the autonomous business and he added that the latest plan will bring more jobs to the michigan plant to. the bureau of labor statistics released the jobs report and two hundred twenty eight thousand jobs were created beating expectations and the unemployment rate remained the same it four point one percent here to break it all down is danielle de martino booth president of money strong who joins us from dallas danielle thanks for helping us out today this was a pretty good number twenty eight thousand beating expectations plus those october
7:43 pm
numbers were revised up from two hundred forty four to to sixty one thousand so give us some details about where these jobs are created in our economy what sectors danielle. you know i think that the economists community wanted for there to be one month of negative hurricane destruction and then one month of a positive bounce back but there's nothing to compare you can't can compare hurricane katrina to her if you followed by irma followed by maria followed by the california wildfires so we saw the hurricanes fingerprints still all over this transportation jobs went to a tremendously manufacturing had a huge month construction obviously these gains in these sectors temporary positions the gains in these sectors were well above what seasonals would dictate for this time of the year and that tells you that the rebuilding efforts in in texas and in florida are ongoing and continue to be a great source of support for this economy right now and we saw you know in in the
7:44 pm
october numbers a lot of people said that perhaps that the construction numbers in those hurricane impact areas were actually accounted for can you break down the numbers for us rick gaited to some of the key worker groups highest unemployment i know are always teenagers but where are were are those groups where do they come out on the unemployment danielle you know one of the groups that continues to lag behind that it's only just now beginning to catch up is your key male worker in their earning years twenty five to fifty four and i'll digress for a minute here what's fascinating about the recent mckinsey report that said that one out of three american jobs would be automated but by the time two thousand and thirty rolls around is that a lot of the middle income workers that that populate that twenty five twenty forty fifty four year old cohort of male workers it's the middle income workers not just fast food hamburger flippers that are going to be in the crosshairs but are we
7:45 pm
going to train them can we can they can they build robots now. you know that's a very good question because if you look at the advanced developed economies all the way around the world there's only one country that stands out for having a declining labor force participation rate for two decades running and that's the united states it is indicative of the fact that we fall short when it comes to to retraining our workforce in the aftermath of recessions so we have forty percent of all jobs created during the housing boom years that were directly or indirectly related to real estate we didn't retrain them properly so that they would be prepared for the next generation of jobs to come along and in this current recovery we've had three out of every ten jobs go into that eat drink entertain yourself and be sick sectors and a lot of these jobs are going to be vulnerable as well absolutely if we had some great retail numbers just you know whatever ten days ago from black friday cyber monday small business saturday do you expect that that positive path will continue
7:46 pm
sort of into the holidays and will be reflected into the december numbers any better than than the last couple years that the retail jobs created for the holiday time. well actually if you look at some of the challenger gray and christmas layoffs and hiring statistics we're technically two percent below where we were at the same time last year on the other hand we've closed a lot of stores across the country and today's employment statistics showed us that we actually had a very nice one nine hundred thousand worker pop in the retail sector and that was encouraging for the holiday shopping season i would carry out that with the fact that credit card spending has been going up at a much faster pace than american than american paychecks have been growing so it's going to be problematic if the pop we see in holiday shopping is being done on plastic. and you're a really good point and i think we were ported here on this program not long ago
7:47 pm
that you know a lot more people were buying their their goods on those days on phones and on laptops except for a lot lots more of that online let's talk construction we briefly got a little bit into it earlier but what's going on there that this is in a time of year where we see super strong could struction i mean as the that holiday song goes it's cold out there it's going to snow this weekend in d.c. but are we seeing jobs created in those hurricane impacted areas including areas in texas not all that far from where you are danielle. absolutely look it's going to be in the seventy's here next week and that the areas that have been affected the most california florida texas you don't consider these to be the frozen tundra states where construction workers have to go into hibernation during the winter months and in fact what we've done as a nation is poll a lot of the construction workers that would otherwise be offline in colder climates states down into our state and that in the aggregate for the nation's
7:48 pm
income is going to act as a boost to income and spending going into the first quarter you know this is just anecdotal but i my wife and i happen to be doing a lot of traveling down arkansas florida houston area you know about an up six weeks ago and you're absolutely right i mean people were driving with minnesota plates and wisconsin plates there you know work trucks obviously stacked in tents and everything on top of them so we're seeing that i guess reflected in some of these numbers you were just breaking down for us ok let's get to the overall economy still looks as larry david would say pretty pretty pretty good right. it does look good in fact morgan stanley came out with some figures yesterday that suggest that we could see three percent growth rate for the entire year two thousand and seventeen that is pretty remarkable but not to throw rain on all of this pretty pretty good however one three construction is completed we have started
7:49 pm
to see cracks in the foundation of u.s. households we've seen even seen mortgage delinquencies begin to increase credit card loss provisions at the major banks the major credit card lenders like citi group like j.p. morgan chase they're starting to set set aside more money for credit card losses and the ongoing story in the automobile sector is that we're seeing more and more repossessions there it's reflective of the fact that in this current recovery renting an apartment renting a single family home or buying a home it's never been more expensive and this is the household biggest line item the one thing we didn't see take up in today's jobs report was it was earnings and income that still remains at a stubbornly low level and again i think the tension between the two between the lack of adequate growth in income and the fact that americans have once again put too much credit on their balance sheets i think we're seeing that come to fruition
7:50 pm
once the sugar high of hurricane reconstruction passes i worry about what we're going to see going into the spring of next year. that's really great i was trying to find out looking at the b.l.s. report here and i think earnings just one up sort of as you're indicating like a measly two tenths of a percent danielle so you're pretty pretty stagnant. pathetic there's room for improvement there but overall if you want to consider the last recovery that figure that came in at two and a half percent was consistently running about three percent in the last recovery right now we could we can hope which brings me to tax reform and the prospects of certainly been reflected in the markets for a year they've been reflected in the markets we've had i was counting up the other day like sixty six different record breaking breaking n.y.s.e. records but are there any indications that the good economy that we've been talking
7:51 pm
about with g.d.p. eccentric is actually going to lead to an investment boom or will companies really be speed taking profits and sharing with cheryl you know the thing is we've already seen companies investing in capital expenditures at the fastest rate in years these past few quarters so we're where we need to be without the tax reform you know my greatest concern about the math behind that behind the tax reform and this is a nonpartisan statement is that it assumes that we're not going to have a recession for the next ten years the longest recession in u.s. history is ten years long but the c.d.o. is math is its basic underlying assumption suggests that the u.s. economy is going to expand for nineteen consecutive years i just i can't buy that i don't think it's going to be the economic philip that most people are planning on on wall street you would say by the rumor sell the news and i worry that markets
7:52 pm
have been celebrating this tax reform bill far too long you just said sixty six consecutive records i worry that there are going to be some selling the news you know you actually see a package come through absolutely danielle mark thank you so much for joining us appreciate it take care thank you. looking for a way to impress the guests at your next dinner party well a british luxury food retailer may have just the thing marks and spencer is selling what they call a cocktail of a kotto has an edible skin and no seeds that can be eaten whole multinational company has previously marketed many giant and ready sliced avocados and calls this innovation the holy grail of alpha caught o's it will cost more but it could save you the cost and pain of a trip to the emergency room enough people have cut their own hands while trying to pit is that a british surgeons association has suggested that they should carry warning labels to prevent so-called of a caught on hand the innovation comes as demand for avocados is soaring in china
7:53 pm
while strikes in mexico and and poor harvests in peru and south africa have created scarcity and the global market it also may add to the trendiness and notoriety of the avocado earlier this year australian millionaire tim gov notoriously scolded millennial zx suggesting that they weren't able to afford homes not because of low wages and student loan debt but because they were quote buying smashed avocado for one thousand dollars provoking countless avocado toast means on line the cocktail avocado may also turn out to be a little less healthy than the regular variety the food technology specialist from the retailer says quote my top tip is to try them deep fried. so that the thing about aa because i know this from my time at the agriculture department one that they are fruit yes they have more protein and more fiber than any other fruit and weird fact that we did practice this is that rudolph haas in california in one
7:54 pm
7:55 pm
they call me a useful idiot i mean you called me a useful idiot a useful idiot useful idiots go expressing my opinions on t.v. there are thousands of us doing it behind his record is the same strategy we attack persons instead of talking about what's next why stop feel banned me from getting this close to the white house i'm with a group code pink why not ban the color pink one hour stretch beyond the right i should be sent to the town of london because i want to try to break me on the wheel but when i long time that this sort of nonsense you don't scare me and i'll continue to voice my opinion i'll continue to speak out in good company i'm in good company you're going to lose me you want to do this because we're freezing cold.
7:56 pm
preferred like when you all know it's coming through and spoke properly if somebody would invent told me that i'm going to spend my life to apply committees i'll destroy course of them sold it was clearly seen. every night for all we were affected by the arabs or we will attacking them and we will extremely shocked. saying that's not possible i'll make those move to such scenes and then the soldiers and myself. in the house with all the pools of water we've all dealt with over the day all are. really much second class citizens in the on call. it was like and like nigger murder that there is no way to be able to live together without tearing. our was. about your
7:57 pm
sudden passing i've only just learned you were a south and taken your last to bang turn. your attitude up to us we all knew it would i tell you i'm sorry if only i could so i write these last words and 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 breath. but then my feeling started to change you talked about war 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 again like it said one does not leave a funeral the same as one enters the mind gets consumed with death this one might just as i speak to you now because there are no other takers. to claim that mainstream media has met its maker.
7:58 pm
international recognition with the help of israel at least in the world of zoos and nimble dismissed it like. this isn't my cup of tea is going. to be you know john. the only palestinians who gets the most help from his jerusalem counterparts i don't think it is of those who endure under the vision that only could do this. and not fizzle off. i'm not going to compete in that doesn't seem to do more in the middle. because of . the.
7:59 pm
that. the. israel's armed forces target gaza in response to several rockets launched against israeli territory. was. the violence leaves two palestinians dead and hundreds of injured as a day of rage is declared in the region tensions spilled over after donald trump's controversial decision. recognized jerusalem as the israeli capital. plus
8:00 pm
28 Views
Uploaded by TV Archive on