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tv   Boom Bust  RT  February 3, 2018 1:30pm-2:01pm EST

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was followed by a succession of turkish and greek attempts to remove each other's flags from the islands even by turkish journalists for belgian parliament member and political expert load vanished says he's not surprised by the route between athens and grow. turkey and greece have a past of military conflict i mean in the seventy's they were even at war at some point it's not a surprise that these two could nato member states. in such a situation for a minute it won't make that much of a difference of course. all the countries are very poor it that this is my get out of hand you know that of course they do not like to nato members at war but the need to rationalise avoid this kind of skirmishers especially between greece and turkey we should not forget that they are all rhetoric aside and need to it was never about democracy and human rights i mean when nato was founded greece was a military dictatorship and turkey were limited to dictatorship did not even
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pretending to membership so i think on the whole things will go on as usual just the thing that we have to take care we said this does not get out of this can always happen. the crime ridden us city of baltimore has called for a cease fire this weekend and its attempt to stem its rocketing moderates last year saw a record three hundred forty three homicides in the city that's the spot its population is shrinking they increase in violence has been linked to severe inequality the problems of illegal firearms and an opioid epidemic so we are caught as more on the initiative this weekend activists are calling for a seventy two hour cease fire asking for a weekend without any violence whatsoever this is the third event of its kind in the last six months but these cease fire weekends began in august when baltimore's homicide rate reached a record high last year with three hundred forty three murders the highest in the u.s. people all around the city make commitments to just be peaceful and not be violent
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for three days and says celebrate life and do life affirming event so they're events all over the city with a start what a week in here we keep it into we see a week in no homicides the rise is partly attributed. a drastic drop in arrests made by the gun trace task force which is now dissolved as most of its members are on trial but there's been some damage control authorities have replaced its police commissioner baltimore police commissioner kevin davis was fired the notice shocked many this morning as mayor catherine pugh pushed out a press release at eight o'clock this morning i'm impatient we need violence. we need the numbers to go down faster than they are however his appointment came as somewhat of a shock his name almost instantly brought back memories of police shootings back in one thousand nine hundred five nevertheless the new commissioner came out guns blazing with a bunch of reforms including predictive policing a computer system that can estimate the date place and even the possible perpetrator of a crime that's yet to be committed he's planning to install more surveillance
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cameras and deploy more patrols to troubled districts but stepping up surveillance doesn't really sound like a new plan even the department of justice advised against it bottom a law enforcement widespread unconstitutional and discriminatory policing has exacerbated community distrust of the police particularly in the african-american community as court hearings continue here in baltimore many fear that there could be a problem much greater than one rogue unit and some of the latest testimonies. jenkins the indicted officer told me he had hand-picked the gun trace task force to be a front for a criminal enterprise he also said there were officers from other units working with him baltimore police provided security for jenkins when he met with the drug supplier from new york despite efforts to reform the system it seems that every testimony undermines citizens trust in law enforcement and there are still weeks of trials to come samir khan r t reporting from baltimore.
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can be difficult to appreciate at times especially when classical works are actually removed this was the case one gallery in the u.k. it left visitors pretty buffel thought for a masterpiece to pick thing nude women was taken out of an exhibition.
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well some visitors to the gallery criticized the decision calling it an act of censorship. i think the going to see some sort of printing down in disguise as an opera form is wrong. i think it's taking power over an author's right to. work within the law. because all the pages in the go in the gallery then we do the. question just. i don't see why it should have been taken down again we were just saying that it's another example of the prevalent sexualization of the human form within. society today i think it's really that jumping on the me to campaign to sort of have an opera ties to the gallery if they're talking about the objectification of women then there are a hundred other paintings in the gallery to do that and some women actually fund that really empowering and still to come the u.s.
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nuclear strategy has outlined china russia and north korea as complex threats so what about that after this short break. the world is getting away from us dollars wall reserve currency the one road one bell policy linking up russia and china is out of the dollar every last trade oil away from the dollar countries are desperate to get out of the u.s. dollar so the dollar is going to lose value no matter what anybody says so here's
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the treasury secretary really trying to make it look like. really matter what he says dollars going low as we've been saying for a number of years because the u.s. dollar is a currency that other countries recognize as funding wars and the weapons and the poverty that they're trying to escape. israel's been called a beacon of light on hope in the middle east by the u.k.'s defense secretary govern williamson also stressed that israel has a friend for life in britain a lot he's in us to see if you're going to has been asking people in london if they agree with the sentiment. if you were the u.k.'s defense secretary which country would you call it because of light in the middle east jordan you floyd on the whole you definitely don't the us. put it this way i suppose i would think lebanon is
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where christians would. appear to were. living together and sharing political power you're right perhaps he was talking about israel no i don't agree because of the palestinian troubles i don't subscribe to that they're not very good at adapting to other people i think it's just going to harm a two state solution do you think israel is a beacon of light yes. because you have to continually i think you peace i think it peace and let's hope for the best he's also said that britain is going to remain one of the closest and best friends to israel so what's your take on that i'm sure we will be friends with everybody. a facebook has been urged to pull the plug on a so-called safe chance for children organizations of warmer social media giant that they called messenger kids poses health and safety risks let's take
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a quick look at its promotional video. it's a video chatting messaging app for families and kids and it's designed to give parents more control when their kid started communicating on line. now the app is designed for children aged between six and twelve parents or guardians can control the settings from their own facebook accounts and approve and monitor contacts kids functions include sending texts photos and using video chat facebook has defended the platform saying it's a great way for families to connect families will be better off because it exists my daughter uses it on a daily basis now it has enabled me to be more in touch with her. critics of the children's up argue that they're simply not ready for the dangers of the digital world those in favor think we happen hans's their online skills think and. emotionally developing and they're not ready to sort of go into anything like the
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need more time it's awfully hypocritical for a generation that created facebook to turn around and say that their kids shouldn't be on facebook because it's making the mother happy i do think parents need to be aware that the future is is real and it's happening and that most of their children's lives will be spent inside of the digital cosmos i think there has to be an age limit otherwise. where is it going to end and i think children and just their emotional. to be able to cope digital cosmos is real it is a real place and it will exist in the future for these children and so we need to help them understand how to navigate the digital world part of that is understanding what the rules of engagement are so keeping kids keeping themselves safe while they're online and understanding what information to share and what information they should keep private we need to be folk with where we're going with and i think education is the k. if we can train them on how to use that from the age of thirteen. maybe we can of
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a few future problems i do you fear for we take them down social media. over to the us now where the defense department published its nuclear posture review on friday outlining america's nuclear strategy apart from strengthening its nuclear capability the doctrine takes a seemingly tougher stance on china russia north korea claiming these states represent a unique and complex threats the review also points out that u.s. diplomats would continue to speak from a position of strength but got the reaction of russia's ambassador to the united states. in order to justify the increase in military spending and the growth in its nuclear capabilities america has come up with a scare story about russia we understand that the ideas aimed at boosting the military budget with trillions of dollars. in twenty eighteen nuclear
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reviews already being compared to barack obama's from seven years ago we discussed the document with the us politician as well as the director from the nuclear age peace foundation. vast majority of the nuclear issue is word for the will probably obama administration however the underlying tone of it is a throwback to the cold war what president trump declared in his state of the union address was that we need to ramp up our nuclear capability and make us so strong that nobody would be even willing to engage in or even try and gauge with the united states because we have a strong clear arsenal that actually is really dangerous thinking and it's almost like into the amateur hour it's a little bit of everything sure it's a throwback to some of the cold war more explicit nuclear threats between the u.s. and russia and in between the u.s. and other adversaries namely china and north korea but it's also a continuation of u.s. nuclear policy from past decades this is not that much different than what
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president obama had in his nuclear posture review in two thousand and ten this is more aggressive it does lower the threshold for possible nuclear weapons use and it calls for additional unnecessary types of nuclear weapons but in general this is much of this is the status quo. driving across one of the world's largest lakes we're told many seem like a pretty bad idea and offer these drivers though in siberia is some footage from the annual ice drift botanists rice in russia.
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that's set for myself on the team here at all to international fold us out. so you know about thirty five minutes for more headlines where all the well. it's all to see we have a great team we need to strengthen before the free float world cold and your bets have been a legend to keep it so it's at the back. in one thousand nine hundred two that must qualify 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.c. . recently i've had a lot of practice so i can guarantee you that peter schmeichel will be on the best
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form since my last will call on that story as well as the. thousand zero zero zero zero zero i called russia. strife. left left left more or less ok stop 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 oh please yampa is the john oliver of harvey americans do the same thing we are apparently better than blue nothing. to see people you've never heard of love redacted tonight was the president of the world bank. and the woman seriously sent us an e-mail. everybody i'm stephen both on the task hollywood guy suspects every proud american first of all i'm just george bush and r.v.
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and do say this is my buddy max famous financial guru and we're just a little bit different on the day one can find you know. with all the drama happening in our country and rude have fun every day americans. all over. the store to bridge the gap this is the great american. journey. this is boom bust broadcasting around the world from washington d.c. belly of the beast i'm partial to. coming up the december jobs report is out we'll
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dig into the numbers with danielle de mark you know and today we are joined by a qadri of r t america correspondents and focus on housing both here in the states and around the world plus we'll talk the economics of sports and particularly this weekend's super bowl between the new england patriots and the philadelphia eagles there's lots to get to today but first let's get some business headlines pretty hard and fast the what i call aaa stocks apple amazon and alpha but quarterly earnings reports are out and we start with as i promised just today with apple's q four overall revenues which grew by eighty eight billion dollars or thirteen percent amazingly apple's two thousand and seventeen net profits were twenty billion dollars that's the first time apple has reached that large level of note today apple stocks tumbled dropping the most in two months two thirds of apple's revenues are based upon the i phone x.
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sales although some have raised concerns that the apple growth may not be continued given that customers are hanging on to their phones for longer periods of time and thus not per. saying new phones as quickly amazon also posted a big profit it reached the one billion dollar level for the first time as its revenues jumps thirty nine percent to sixty billion dollars amazon focused on overall growth as opposed to shorter term earnings recall that amazon bought whole foods last year for thirteen point five thirteen point five billion dollars recent reports from whole foods employees discussed how amazon has a heavy hand with regard to managing their new acquisition they are even reportedly using score card which penalize employees for shelf items not precisely placed at target however to argue with amazon's success and alphabet the parent company of google scored their thirty second consecutive growth quarter above twenty percent in q four alfabet was up twenty eight percent to six point eight billion dollars
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google accounts for ninety percent of all internet searches. and bitcoin continues to slide dipping as low as seventy seven hundred dollars earlier today remember that bitcoin was around twenty thousand dollars in december similarly a theory in which peaked over fourteen hundred dollars less than a month ago dipped as low as seven hundred and fifty seven dollars today ripple also peaked in january at three dollars and sixty eight cents dipped under a dollar last week and today went as low as sixty four cents and light coin peaked in december near three hundred dollars and went under a dollar and five dollars today. russia such. russia's sovereign debt market is so important that the u.s. treasury port notes further u.s. sanctions could rist whiling global financial markets which may be a reason why the trumpet ministration seems reluctant to expand current sanctions
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to include russian sovereign debt and derivatives. and the new jobs report is out and shows that the unemployment rate for january remains unchanged at a low four point one percent earlier this week president trump touted the low african-american and hispanic unemployment rates the low african-american rate which had been decreasing steadily since december of two thousand and ten when it stood at sixteen point eight percent is now no longer the lowest as black on plummet increased from six point eight percent in december to seven point seven percent in january which is actually the highest black unemployment rate since president trump was inaugurated on hispanic unemployment the rate the president was discussing it is state of the union address was the december rate which wasn't the lowest in history as he said but it did equal the lowest rate of four point four percent from october of two thousand and six the new hispanic unemployment rate stands at four point nine percent up just half a percentage point some for the first some time for some new presidential talking
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points on unemployment. and here to discuss is danielle de martino booth the founder of money strong we're thankful danielle for you joining us twice in a week what's your perspective on this jobs report a lot of the markets seem to be freaking out but i sorta like it how bout you. you know it was a stolid jobs report but there were a lot of different nuances that need to be parsed out of this data today it wasn't quite as good as as what the market is reacting to the market is reacting to the jobs report by falling completely out of bed the stock market right now it's down two percent across the board the dow jones industrials the nasdaq the s. and p. five hundred these are dramatic moves that we haven't seen for years part as i'm sure you know but this is all a reaction function to the wage gains that we saw in this morning's jobs report
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that is now filtering through in the form of much higher interest rates that have made the stock market fall out of bed and before we get to some more the numbers danielle i mean it's a bit it's more of the same that we talked about the other two the other day right i mean you know we got an overheated market it's time for a little bit of a correction whether or not it it last for you know today is all is all it is or less for a couple of weeks but not the end of the world because we've had such high increases right absolutely you've got you've got all kinds of sell side shots right now on wall street coming out and saying that monday morning represents the buying opportunity of a generation i mean it all sounds very much close to script but there were some very real data points to pick up in this morning's data that are going to catch the attention of policymakers at the federal reserve and as we know as of today there's a whole new sheriff in town there's a regime change at that at the federal reserve most talk about those data points anything specific in the sector numbers winters and losers daniel.
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well we thought that something very unusual as i'm sure most of the country is well aware of because we're all just now following out january was a very cold month we should not have seen the extraordinary gangs that we saw in trade transportation trucking construction in and in mining and drilling and yet those numbers were through the roof so on a seasonal basis we should not have seen the strength that we did in these sectors and yet we did again this is this is the the honeymoon that continues for all of the rebuilding efforts as a result of these natural disasters that we saw in two thousand and seventeen harvie our memory of wildfires times two on the west coast so there were a lot of seasonal aberrations in this data and we had in eighteen states a minimum wage imposition that pushed that wage number up to the highest level that we've seen in years two point nine percent year over year but we haven't seen that
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strong of wage gains in years i'll let you get a few words in here though because i've got a few cabby outs to throw out at yeah well i mean i did notice that there is that average hourly wage gain in there but you know we spoke when we spoke the other day about the fed i mean to this report change anything my guess is no but change anything with regard to the intice a paid interest rate hikes that we're speaking about the other day. you know if the markets were anticipating three interest rate hikes in two thousand and eighteen they might now be leaning more towards four which is what has them as afraid as they are but i'll point out a few things the diffusion index which means the number of industries that were hiring that actually contract it the the average length of the work week the number of hours we work on a weekly basis that also shrunk in the month of january as did temporary employment so looking forward and i hope that federal reserve policy makers are keen to
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observe these nuances looking forward the jobs report was not as strength as strong as that headline figure would have you believe it's really interesting i mean i've poured over these reports like you have and you can sort of you know look i'm trying to spin things different way ways so you say you know the average work week went down but you know but when we say well the unemployment rate is so low well you know people are working but they're working a lot less hours and so it's you know you do the six and a half dozen one of the other on some of these some of these issues but we really think you anything else in the report danielle you think we're missing we should talk about no not really i would really be paying attention in the months to come as to whether or not these wage gains are sustained or if this is just a one time boost from again the implementation of these minimum wage rate hikes that companies really that they had to take one way or the other not necessarily voluntarily especially given the markets backdrop from today part thank you so much
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daniel de martino booth author of fed up thank you for being with us have a great weekend. thank you. so now we move to build our special coverage of housing and real estate around the world and i'm pleased to be joined by bonilla truly who by the way is a licensed real estate agent in california and before we head around the world let's talk about what's going on right here in the states let's talk about home first part let me say this much though about population distribution across the country it has not changed much since the one nine hundred fifty s. the faces may have changed the demographics of color may have changed but people are still flocking to the same places that they were in the one nine hundred fifty s. in the one nine hundred sixty s. after we all kind of moved away from the farms just take a look at the heat map of where people are nowadays the more concentrated the color
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the more people you have in those areas as you can see up and down the eastern seaboard primarily mid atlantic up to new england and over all the way to the west coast tens of millions of people in southern california alone my hometown of los angeles home to around ten million people across the county but up and down the left coast a popular destination still for movers since the one nine hundred sixty s. what's not to love right year round great weather great mix of people so diverse rich in culture same can be said for the eastern seaboard but you've got to enjoy the four seasons out here and then this map here shows where people most owned their homes be it single family or townhouses or condos etc the darker areas show those owners are owner occupied properties the midwest seems to be where the concentration of owner ochs are the great state of california the lowest owner occupancies in the union less than fifty percent of folks live in a property that they own there the national average for owner iraq is about sixty
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six percent conversely this map shows the concentration of rental properties in america los angeles county once again tops the lard. just area for renters but sprinkled throughout the country lots of rentals tells you a little bit about the if the local economy there part and you're going to find lots of renters in areas like los angeles or the san francisco bay area here the d.c. metro new york city so as a formal realtor that tells me what jobs actually look like in that area those are all expensive real estate markets renting is not a whole bunch cheaper the tech bubble in san francisco bay area has driven up rental prices up to nearly five dollars a square foot putting the bay area at a higher price point now the new york city proper but that also means that these are high paying jobs right part so these aren't necessarily those forever careers though you'll likely see more turk turnover in both the job openings and rental properties in places like san francisco or new york city folks come in to build the
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latest and greatest tech gadget or social media side or work on a hedge fund they ride the wave for as long as that thing last and they transition on to the next place but then this next map here the darker concentrated color areas are folks aged thirty five to sixty four just under retirement age who only their home they live in you know that that house they stay put as you can see the midwest once again shows where folks tend to plant their roots they're a little more mature they're a little older they're stable they stay put places along the west coast skew noticeably younger and may not necessarily own the properties that they live in but you can you can bet it's probably take spens of place part but across the board ownership still down renting is on the rise this is both in part to not get seen a full recovery after the housing bubble burst of two thousand and eight as well as changing attitudes towards ownership and renting and once again i think it speaks
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to a shift in what people's jobs are like these days versus what they were ten years ago people's jobs have become more mobile there's a big. increase in telework and while the popular idea is that millennia are driving this trend of renting you would be wrong millenniums have actually come of age into their thirties they're buying their homes they're moving to the burbs they're buying single family houses they were responsible for thirty three percent of total sales last year meanwhile boomers were the ones driving up the rental market looking for new places to live moving along houses still preferred the preferred by americans going out to subdivisions so they commie as you know fairly doing well housing has stabilized but a lot has changed in america and their attitudes have changed about where you live unbelievable information that's great but we're talk about it more but first let's go to toronto to alex manila bitch and get more not just canada but on mexico and what's interesting you said.

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