here's what people have been saying about redacted in the sixty's full on. the only show i go out of my way to find you know a lot of the really packs a punch. yam is the john oliver of harvey americans do the same we are apparently better than that and see people you never heard of love right back to the night my president of the world bank paid money to write me seriously he sent us an email. hello my name's peter and i've been living in bushnell for about seven years and this is a film about just some of the crazy things i've got time. let me just published or did you. guys. i still did not see if.

i had a great education a good job and a family that loved me. i never had to worry about how i was somewhere i would sleep. but i'm facing christmas alone out on the streets of london. but. i thought the boy. who. you know just not in the still give out food for the

homeless. because you don't really feel like the big unit. and then. the guy just came over smithsonian gave me a change of this book. thank you when new year is already a little bit happier for people who work for a living a variety of minimum wage increases took effect yesterday in eighteen states as well as some cities many of the increases were passed by direct ballot initiatives

as in arizona while some states including florida for example index their minimum wage to inflation many of the increases are part of a gradual increase is set to kick in over many years and two more boost for this year are in the pipeline for july and maryland and oregon the current federal minimum wage is seven dollars and twenty five cents congress has not raised the minimum wage since two thousand and nine and failed to index its inflation it to inflation inflation adjusted value of the minimum wage peak to in one thousand nine hundred sixty eight if it had kept pace with the increase in average wages it would be eleven dollars and sixty two cents according to the economic policy institute a.b. i also found that if the minimum wage had kept pace with pride that productivity increases as a dead until nine hundred sixty eight it would be over one thousand dollars an hour today meanwhile wages in some of the nation's most prosperous cities may finally be

catching up with the tightening labor market but wall street journal reports that in cities including minneapolis and denver with unemployment under three percent wages are increasing and response minneapolis for example has an unemployment rate of just two point three percent and the labor department says private sector wages increase four percent year over year and the second quarter of twenty seven team the journal also reports that basic trend of wage increases at double the national average as also holding and cities including san jose. also in the end game want to bring all of this news as a report from the human resources management company paychecks the firm says they're small business jobs and excel points seventy eight percent for twenty seven team overall the paycheck c.e.o. was reported as saying we still have moderate job growth wages are up just under three percent so we expect lower job growth but so moderate and pretty straight for

perhaps this news is the levering some a long delayed and sorely needed gains for working families and twenty team. manufacturing activity in the euro zone ended a strong twenty seventeen on a high note according to a survey of the region's purchasing executives published on tuesday acceleration in output new orders and employment all contributed to pushing the euro zone purchasing manager and back to a record high of more or less r t v david miller joins us now and happy new year you guys good news for the european factories to start the new year as financial reports indicate such factors had their strongest month since before the creation of the euro and businesses in germany our learned austria all reported record growth in law greece enjoyed its best results for nearly a decade all this capping off a much better than expected the year for the businesses and single currencies areas and europe's economy consistently beat expectations throughout two thousand and

seventeen leading economists and policymakers to increase their growth forecasts and forward looking indicators bode well for the new year and new orders rose at a near record pace while purchasing growth hit a new peak as firms ready themselves for higher production and meanwhile job creation was maintained at november's record pace with the currency union becoming the success story of last year so much so that the economic performance was outpacing that of its peers including the united states however upward price pressures may be returning as a manufacturing sector does appear to have balance higher input prices with a strong overall performance the sticking point raising some doubt as inflation remains stubbornly below the target in spite of record growth and those levels at the figure of two percent raising slight concern all for the european central bank . david considering inflation and thinking about markets in the us i mean we had

something like seventy record dow jones industrial average highs in the market last year it was just on a chair and some people. myself included maybe think we're about tapped out although i've been saying that for six months so is this a place where in the e.u. the eurozone a place where people should be investing higher investment should help boost productivity and profits also job creation was maintained at a record pace in inventor and combining that with new orders and rising that near record pace while purchasing growth and a new people are giving investors more confidence inflected some of those fears when it does come to inflation david miller thank you so much appreciate your help . now that there is a new tax reform law officials in higher tax states like new york and california are looking for ways to reduce the end packed up on their side of the new law

limits deductions from state and local taxes here to discuss white what might happen is conservative t.v. and radio host steve malzberg steve happy new year and thanks for joining us again you were right that the tax reform bill would pass but a lot of people from these high stakes high tax states say that it was so so wrong what did congress do on limiting the deductions at the end how's it going to impact people well first of all congrats happy new year to you it to ashley and congratulations to you on the position you know you're going to do wonderful things with the show and i'm glad to be a part of it ok so of course they call it salt state and local taxes and the deductions used to be you know a limitless whatever your property taxes were in your state local taxes where you were able to deduct them and big states like new york and california for instance which are blue states by the way they have higher property taxes and higher state

and local taxes so they had these big deductions and now they're capped at ten thousand dollars so the governors of these states especially cuomo in new york and brown in california are trying to come up with ways to circumvent. all these what they consider to be penalties and that being picked on which i think is ridiculous now the they've talked about a couple of different approaches and i might agree with you on the ridiculousness factor here a little bit but one of those is they're going to go to court and the states would claim that the law unfairly singles them out is that is that one hiring your ridiculous scale. yeah look i live in new jersey and i'm going to be burned by this but the fact of the matter is it this isn't specify szell set of rules for those states it's these are the rules for all states and just because these high tax states on their own decide to be high tax states you're going to say they're punishing us they're singling us out because we tax our people more i mean that's

their problem and now my problem it's not the court's problem or the country's problem and i am magine that chris christie will not be leading the fight in federal court to change that for new jersey steve so what about the other option that states are reportedly looking towards and that's replacing state income taxes which as you explained were fully deductible and now the cap is only ten thousand with a new tax free form law on employers which are deductible what about that. i mean this is. a shell game or i want to say money laundering but you know you're the expert you tell it's not money laundering but it may be a shell game b.s. they have i have instead of you the president the president of the state paying what they owe in state taxes you're going to have the employer take it out of your paycheck so you'll never have the money in the first place and they'll take it to the government and then they say well now you can deduct it because we're going to

call it something else i mean i can see i i could see a judge who's a democrat liberal judge saying yes but when this ultimately gets to the highest court they'll laugh it out i mean i don't see how they could pull this all off well whatever the old phrase is one man's loophole is somebody else's something being one of ben franklin say there's only one thing in life that certain death and death and tax are now the most interesting of the scenarios that the states these high stack tax states would consider steve is it would allow residents and you know this but i can't believe it for our viewers the residents of these high tax states to replace their loss of the deduction with a charitable contribution to the state so just like on the form where you fill out a blank there check the box if you want to contribute to the presidential public funding campaigns you would give a charitable donation to the states and therefore you can deduct that what your

take on that one well i don't even understand that really see the way the way i interpreted it was that they would call these your whatever your tax bill was they would call it a charitable contribution otherwise you're going to be paying that charitable contribution to offset what you're lost in addition to so i don't know i'm not sure if i'm right maybe i'm wrong maybe you're correct but either way it's just again it's a shell game it's i just don't see how it's going to fly. get the i.r.s. is not going to allow this for crying out loud the i.r.s. is already cracking the. on some people who prepaid their mortgage interest and state local taxes. all seventeen to circumvent teens so that that debt never going to go for this is to be a law in court battle and that's what the democrats want heading into the away team elections is it only democrats steve and well no i mean by that it's only democrat governors it's only blue states so they'll be the ones involved in this yeah i

don't see a red state governor you know jumping on with this because it's the blue state liberals that spend that have the higher taxes and they've got a solution for them it's a three letter word cut. thank you so much what have you back talk about the shutdown sometimes steve conservative commentator he steve malzberg thank you again my pleasure. chocolate is a big business and mars the candy company behind m. and m's is worth over thirty five billion dollars and global consumption of chocolate is expected to hit over seven point seven million tons by twenty nineteen nations that actually produce the most chocolate are the united states germany switzerland and belgium that belgium chocolate in twenty seventeen switzerland consumed more chocolate than any other country on the face of the planet more than seventeen pounds of chocolate per person however all of that could come crashing

down if things don't change by twenty fifty currently almost half of the word world's kickout beans from which chocolate of course is derived are grown into african countries the ivory coast and gonna on a narrow strip of rain forest land that is twenty degrees north and south of the equator however the global rise in temperature puts these plants in a precarious position as warmer climates cause the plants to rot sorta like a cavity in your tooth and by the way while many parts of the nation have been experiencing a real chill and cold in recent days remember that global warming is about the averages it's not about a few days this way or that way on temperatures it is a fact that last year twenty seventeen was the hottest year on record without an n l l nino effect and by a huge margin twenty fourteen previously held the record so what's a candy company to do about climate change and chocolate well you turn to science

of course currently scientists in conjunction with mars and some other candy companies are trying to develop a cow plant that can survive in warmer drier climates while reducing the company's carbon footprint so cooperation has never sounded so sweet will wish them luck. thanks for watching be sure to catch boom bust on youtube youtube dot com slash boom bust art. los angeles the city of luxury and fame but also an alarming number of people living in the streets. simple fact in l.a. he's.