even called on the us to provoke them anymore but somehow they were designated as threats and from speech around the world we face rogue regimes terrorist groups and rivals like china and russia that challenge our interests our economy and i have added us in confronting these horrible dangers we know that weakness is the surest path to conflict and unmatched power is the surest means to our true and great effects i was just watching our mainstream coverage earlier in the only criticism that had wellies foreign policy wise was that he was apparently too soft on russia and you know the united states requires to have major enemies to justify the seven hundred billion dollar defense budget which is actually one point one trillion if you break it down so these are all important noises for the president to make the state of the union to sort of shore up support

from the defense bloc as it were to chinese it does ring a bit cold war ish to russia however we're beyond cold in terms of the cold war the rhetoric is much more aggressive much more recent for us the agenda is much more pernicious and it's become a centerpiece of u.s. partisan politics the whole russia gate issue. the russian hacking group fund see baz is claiming that the canadian olympic committee positive doping test of its national poll champion prior to the rio olympics early my colleague discussed the details with. well it looks like an eyebrow raising e-mail exchange supposedly between the people from the canadian olympic committee and also their national body that is responsible for sports ethics some pretty disappointing tactics in there it looked like attempts to play down an anti-doping rule violation

and some corkey damage control around the summer olympics in rio and here's the athlete at the center of this what can you tell us about him well it's all of the case of the former pole vault champion from canada his name is shawn barber prior to rio he had tested positive for cocaine but instead of being thrown out of the olympics after several and turned all disciplinary proceedings with that in canada he was allowed to go and moreover this case was hidden from the international olympic committee for a while to see u.s.c. was not permitted to disclose sean sue wish and prior to or during the games we do not condone this behavior sean has apologized for his mistake and poor judgment. now for a moment just bear in mind all the treatment that the russian olympic athletes have been getting and listen to how shawn barber was cleared basically what he did was

claimed at the hearings that he had inhaled or ingested the cocaine during a sexual intercourse with someone he called a professional woman she found him allegedly on a craigslist ad and the cocaine was transferred when a kiss happened so canadian officials were happy to let him go and keep the i.o.c. in the dark about this by the way just for your information the pole vaulter came out as gay a few months after the olympics and said that he was proud of it very in just a i've seen the i.o.c. is take missiles very seriously well i can tell you it was too late to take this seriously they couldn't do anything about that when they found out but apparently some people at the i.o.c. weren't so happy with the situation president thomas bought allegedly the called the ruling a decision that was influenced by national interests but in the meantime if we go

back to the e-mails some top canadian sports officials appear to have been trying to do everything to make sure that this case doesn't get any further attention including legal attention and if you look at the wording it suggests that anyone who's concerned or anyone who's just even trying to ask questions about this is doing something terribly wrong it does not seem right that this is being suggested publicly but if an independent bruce is determined that the athlete was at new fools in this case. and the i.o.c. had the right to appeal the decision of the time and none of them did well this is a point where i once again want. mention of the russian olympic bans well everyone has their own understanding of the words double standards. and let's bring in

a guest now allison cashmore is the visiting professor of sociology at aston university given t. ellis what's your reaction first of all to the revelations then of the canadian olympic committee covering up a positive doping test. this is not a new case neal i mean the barber case has been known for some years actually and you know in a way it's i'm stifling a grin here because it is quite amusing and there's another case going on a very similar case of the moment with a guy named gil roberts is an american sprinter and he reckons that he ingested a banned substance through kissing and i suppose the most famous case of this kind concerns the tennis player the french tennis player. who i think would been about ten years ago now. in his defense after being tested positive for cocaine again said he had met a woman in a nightclub and kissed her and somehow through the interaction he'd ingested traces

of cocaine now he didn't get away with it but it was mitigating circumstances and so it's not that novel what is novel of course is this apparent relaxation of warder's rule of strict liability what this means neal is that water's a premise with all its other kind of rules regarding drugs is that the individual athlete is solly responsible for his or her own bodies in other words it's a kind of almost opposite of natural law if you're in a bar and somebody spiked shore drink your responsible for it even if you'd left your drink on guarded while you went to the toilet or something like that or turned your back. you all the perpetrator of the crime. in natural justice obviously it would not be intentional and you wouldn't be held guilty but that's not the real

strict liability the athlete is responsible but in the barber case and the others i've mentioned. there was an apparent relaxation and barbara apparently. has sold this story quite plausibly and the latest news is that there is a least a suggestion if not evidence of something of a cover up now the contrast as our correspondents suggested earlier with the russian athletes many of whom have not been talking about russian athletes over the past eighteen months not just the the athletes of the forthcoming winter olympics but russian athletes have been banned from competing even without giving any kind of positive don't test at all being guilty by association so there is this kind of striking difference between the treatment that russian athletes are being given and those that have been afforded to north american athletes sorry to be very long

winded but it is an interesting story no it's an interesting one and it's an important one and i just wondered how much you could of what was a huge story yesterday british journal of sports medicine publishing a study where they basically got a. responses from former athletes it dates back to the world championships in two thousand and eleven now the british journal sports medicine estimating that forty to fifty percent of the participants going back to the best part of a decade were taking banned substances so you've got an official organization there saying that drug taking was and is still widespread it's barely been touched by the mainstream media just wondered what your reaction is to something like that the reason they all it is the it has main touch by the media is simply because it's impossible to know it's like saying how much crime is committed at any given moment in the world we just don't know these are estimates and you know i've done my own estimates actually which which make these look quite conservative i think it's as high as between sixty and seventy percent but you know i'm not plugging my own

research here i'm saying that i do find this. plausible and for obvious reasons. you know. why that is the wall and it doping agency simply doesn't want to engage with this kind of research because it's too embarrassing for them because it makes them look a bunch of incompetence basically this is the agency which has one thing to do that is to minimize the amount of doping that goes on in all sports internationally and if it's obviously failing to do that then people are going to scratch their heads and say well exactly what are you doing you seem to be just meeting out punishments but you're not resolving the issue because people are taking year after year lympics after olympics decade after decade they seem to be taking dope unabated lee so what is her exactly happening so it's not in their interest really

to reveal or engage with people who do research of this kind but i have are i find it plausible neal i find it very plausible that if you go back there are ways of doing it even with that test but it's inferential evidence so to speak in other words you have to look at average times or whether this athlete individual athlete did something in one games that they had never been replicated since or whether they've been recorded that have been set and they haven't even been approached for the next twenty years or so you know that's how you do it it's by inference but nevertheless as i say i find it plausible if there's no fire certainly an awful lot of smoke around competitive sports and here at the moment ellis cashmore pleasure as always to get your views professor of sociology at athan university. now still to come here on r.t. eight people were reportedly killed and twenty injured in northwest iraq after an airstrike by the u.s. led coalition hit civilians instead of terrorists we'll bring you all the details

racial. when nor make this manufactured sentenced to public wealth. when the ruling classes protect themselves. with the famous merry go round be the one percent. we can all middle of the room say. the release the memo moment is upon us republicans are billing it as some kind of silver bullet revealing political corruption at the highest levels of the department of justice and f.b.i. the democrats on the other hand and their supporters in the liberal media college

a distraction finally the public will decide. welcome back israeli legal activists have filed a lawsuit against two new zealand is one of them is actually jewish a self that's because they apparently influenced pop star lords to cancel a planned gig in tel aviv with the story his r.t. supposedly. late last year the new zealand popstar norwood an answer to is canceling a performance that she was scheduled to have given here in tel aviv in june of this year now it seems as if her announcement was made following an open publication of acorn by two new zealanders urging her to boycott the country lord posted her

response on her twitter feed noted been speaking with many people about this and considering our options thank you for advocating me i am learning all the time to now is really activists are suing those two new zealanders in what appears to be the first lawsuit filed under its controversial israeli anti boycott law the law goes back to two thousand and eleven and it could open the door to civil lawsuits against those calling for a boycott of his role including of lands it's occupied if it can be proven that that call knowingly led to a boycott now the noise part of the israeli government's way to try and deal with the boycott sanctions and disinvestment movement there has been growing traction against israel in recent years it does allow the courts to impose damages against defendants now critics of the law of course argue that it stifles freedom of speech and freedom of expression. in northwestern iraq or u.s.

load coalition air strike has reportedly hit civilians a local police since the terrorist incident occurred on saturday reports suggest at least eight people were killed and twenty injured is what eyewitnesses said. you'll. be able to say ok when we write by car to find people killed or wounded the officer carried a wounded woman and laid her down in the car that same car was hit by a missile and they were killed fifteen seconds later they opened fire on the people and their houses with a machine gun shortly after this a missile hit a police car and officers were killed it. was. the rocky officials confirm that they called for a u.s. led air strike but insists that it was the target of a terrorist cell the u.s. military command also says that that is how things unfolded but said an investigation is underway iraqi security forces conducted a raid and apprehended

a high value dash leader during extraction of the dash later dash member reportedly initiated an exchange of ground fire and iraqi leaders called for coalition air support several people were killed and wounded during the exchange and the incident is under investigation by iraqi and coalition officials the coalition operates by permission and in direct coordination with the government of iraq and its security forces the head of the iraqi security and defense committee called on the government to adopt measures to restrain the u.s. led coalition's actions in iraq. about it today thanks thing with as more and half an hour.

it's all to see we have a great team we need to strengthen before the free float world cold and you're better than a legend to keep it so i took it back. in ninety ninety two that my part if i for the european championships at the very last moment no one believed in us but we won and i'm hoping to bring some of that waving spirit to the r.c.t. . recently i've had a lot of practice so i can guarantee you that peter schmeichel will be on the best fall since my last will come on that story as well as we've. thousand zero zero zero zero hitter here i call russia. life dr. no the left left left more left ok stuff that's really good here's what people have been saying about redacted and i was actually just full on awesome the only show i go out of my way to find you know really what it is that really packs

a punch how i don't believe yampa is the john oliver of harvey americans do the same thing we are apparently better than blue nothing better to see people you've never heard of love redacted the night the president of the world bank paid your money to drive it seriously send us an e-mail. this is says holland kentucky. over all of these really want to see you go ministry families where you won't. a coma and he said she was almost no co minds left. jobs are going ok when i was just said. that it was a lot of these people the survivors of disappearing before their eyes. i remember thinking when i was younger that is anything ever happened to the coal

mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened. this is boom bust broadcasting around the world from washington d.c. i'm bart chilton. and coming up we cover president trump's first formal state of the union speech as nicholas o'donovan considers the president's year one economic report card and we discuss economic measurements like consumer confidence and markets with financial author jeffrey small plush ashley banks talks with c.e.o. of peak prosperity chris martenson about what he calls the everything bubble and

before we go our way and with my take on what i hope the president will say and how he might say it all that's coming up but first let's hit some business and financial headlines. amazon bircher halfway and j.p. morgan are partnering to create a new separate health care company to serve their employees they also say the effort will focus on the long term and will be quote free from profit making incentives and constraints analysts suggest that the high powered partnership could change the health care market amazon is the world's largest retailer and j.p. morgan chase has the most assets of any u.s. bank but the new company also faces a steep learning curve as they venture into the health care arena amazon c.e.o. jeff bezos acknowledged the challenge in his statement on the initiative saying the health care system is complex and we enter into this challenge open eyed about the degree of difficulty shares of some health care insurance stocks fell on the news.

twenty seven european union ministered voted on monday to approve conditions for further brecht's it talks that state britain will not have a role in e.u. decision making once it leaves the union or during the transition period planned to begin in march of twenty nineteen the e.u. ministers also said that britain will be subject to e.u. laws including any new laws during the transition and for two years after that u.k. brecht secretary david davis played down the announcement and claimed that britain will have the right to negotiate a pact with third parties during the transition but the a use lead negotiator michel barnier says the twenty the twenty seven other members must unanimously approved any such agreements u.k. prime minister theresa may faces rising discord within her conservative party as pro and anti bracks that factions jostle for influence and rival rival maneuvers

that to succeed may as the leader of. the federal reserve's open market committee begins two days of meetings today it's the last f.o. and. the meeting run by outgoing chair janet yellen who is completing her four year term federal reserve governor jay powell was selected by president trump to replace yellen and the u.s. senate has confirmed him to be the new chair there are a lot of questions about what it will take not only now but this year and going forward by the federal reserve with regard to the economy plus other central parts are charting their own course while they stick to their plans admits some signs that an economic correction is on the horizon we'll get into it all to morrow with danielle de martino booth at the f o m c wraps up. and it has been just over a year into the trumpet ministration time now for an economic report card look at

year one here with a closer look as our team is nicholas o'donovan. donald trump came into office under the promise of puts in america first on every front and obviously the economy was and still is an important part of that message and we're going to start spending here we're going to start spending. and with that being said we're going to protect our country over the past year the stock market has boomed g.d.p. growth has improved and unemployment is at an almost seventeen year low good numbers that allow trump to be optimistic we're heading numbers that nobody thought possible certainly not in this time and the numbers going up are going to me watch better than anybody anticipated in fact they're going to say that trump is the opposite of an exaggerator if we take a look at the markets the dow jones has set record highs seventy times rise in five

thousand points in a year for the first time in history and corporate tax cuts have been met with enthusiasm by the u.s. business and financial sectors with low unemployment good paying jobs in our priority and although donald trump inherited an economy that was already on a good trajectory wage growth was actually less than what we saw in twenty sixteen despite his protectionist message more the ninety three thousand jobs were eliminated due to foreign competition since trump's election that's according to a study by the labor hershon good jobs nation these numbers are more or less in line with what we've seen in the previous five years then there's the international trade deals of the trade deals. i get a headache thinking about who made these deals another big issue has been company

outsourcing trump now it has often used his populist rhetoric to make sure that particular his. actionis message came across we will never let the bad things happen with respect to the economy of our country we're not going to lose our businesses again like has happened over the last number of decades america is coming back bigger and better and stronger than ever before trump scored an early victory on this front when he announced that a major carrier plant would stay in the u.s. instead of moving down to mexico but the truth is that a year later carrier has already eliminated hundreds of jobs and is still out source into mexico ford also announced that production for one of its new models is be moved out of kentucky and will be go into exist in plants in china but donald trump's tax plan may start having an impact on wage growth companies such as

starbucks wal-mart or apple could use that tax saving money to boost salaries in all donald trump has completed his first year in office with a better score card than predicted by many and consumer confidence is highest levels in seventeen years the question now is if trump's reforms will have a long term positive impact on the majority of americans nicholas o'donovan. we've seen consumer borrowing rise to some of the highest monthly gains in sixteen years due to increased consumer confidence in the economy with borrowing levels rising to nearly thirty billion dollars just last november it's still just been a month into the new year but are we on track to see a continued increase in borrowing levels and consumer confidence let's ask jeffrey small the president of arbor financial and arthur author of turning financial

planning right side up geoffrey thank you for being here household credit has hit a peak of thirteen trillion dollars what do you make of all that and it's good creating debt and probably defaults right well there's no doubt defaults are rising and auto loans and credit cards but also to come besides the household debt rising thirteen trillion it's because of net worths of the average household are close to ninety seven trillion nationally here in the united states so when people feel good about their wealth they borrow more and they borrow more when they see the stock market going up thinking that that if they if those guys on wall street are so smart maybe it's ok if i spend money well there's no doubt consumer confidence is an all time high small business confidence is an all time high investor optimism is an all time high and when things are peaking people feel good from wall street to main street and we reported on this program jeffrey yesterday about the savings rate being the lowest point since december of two thousand and seven does that

worry you you know it really does i'd love to see an incentive legislatively where we start to give an incentive to folks to start saving more because we have a major retirement gap from the folks that are in generation x. and in the millennial space so which which areas what do you have specific stocks that you think we should be looking at what areas for the millennial and others do you think they should be looking at for investment opportunities. well other than the obvious like the thing stocks facebook amazon that flex and google were and i want an expanding economy and a rising interest rate environment so the stock market dynamic is getting ready to significantly change even with the tax cuts so i'd be leaning more towards financials banks and insurance companies that apparently do much better in a rising rate environment and where are you on digital currencies jeffrey. on digital currencies you know i like the block chain technology i'm not a fan of bitcoin until we see the f.c.c. actually decide to start regulating the cryptocurrency side of the equation i'm not

a big fan i see there's a bubble just like everybody else does now you know there is news and we're going to talk about it a little bit more on this program tomorrow there was another big loss at a crypto currency exchange in and japan last friday and they don't know if the money is going to be there to cover it so i also share your pessimism at some points on you know what's going on here it needs to be regulated i think although there's a future let me ask you about president trump is obviously going to talk about the all the economic records in the the stock market highs and talk about we've got this great economy right now but just today we saw the dow drop when we went to air jeffrey three hundred twenty three points it dropped a hundred seventy seven yesterday that's the first two day triple digit loss in a year and today is the s. and p. is worst one day fall in five months is this just normal market ups and downs given

we've had this large record of record highs jeffrey or is there something more to it will burtless and there's not much more to it we've had fourteen straight months of record stock market growth that's never happened in one hundred forty seven years without at least one bad month or one negative month so we were really due for a pullback there some profit taking bond yields are rising there's pressure in health care as a number of reasons for pulling back but valuations are a little high right now and i agree with you you're certainly an expert and i'm not although three hundred twenty three was a little higher than i had hoped for the second day but i think the overall thrust absolutely markets go up they go down you can't just step one direction going up up up it's going to take a down jeffrey you know we're going to talk a while. back on the government shutdown it ended up just be in three days and two of those were on the weekend but we're going to be headed towards one again in a couple of weeks here that congress has just kicked the can down the road on

another government shutdown so how do you look at those the economic impact of a shutdown well the economic impact going back to the seventy's on government shutdowns mostly is benign on the markets we actually see the markets grow you know wall street and main street have a lot more common sense than the politicians and the politicians need to realize that we need to have some border security and we need to do whatever that means for our country's economic sake and to secure our people american people should come first and what about the market impact of a potential government shutdown in a couple of weeks if congress and the president don't come to some agreement on that border wall and those daca dreamers jeffrey well i don't think it's going to affect the stock market to be honest with you it has in the past we've actually seen the market rise it could hurt the economy longer term though if we see the shutdown go on forever but then of course there's political consequences and i don't believe that either party wants to take that road now i think they i think you're right on that jeffrey thank you so.