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tv   Boom Bust  RT  February 10, 2018 1:30pm-2:01pm EST

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darter a week earlier earlier martial artist suffered a racially motivated shooting which left six people injured. the shooter was targeting african migrants the place found a copy of hitler's mind camped in his apartment as well as a flag with a far right symbol the shooter said he wanted to avenge the death of an italian woman allegedly killed by a nigerian asylum seeker. but the incident has fueled concerns about the rise of neo fascist forces and isolating national as well as foreign media have weighed in the shooter's lawyer told journalists that his client was greeted as a hero in prison police say racial and religious violence has sought in recent years these are the shocking numbers from the italian police force hate crimes have jumped ten fold in just four years the issue is raising concern at the highest
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level but italy's justice minister revealing he was threatened when he visited the much errata shooting victims in hospital. groups against me and my family but i was the first is to go away when the time comes to take action so i. mean while a video has appeared in the media showing their match aired art a shooter shaking hands with the leader of the right wing leader nought more over the shooter stood as a candidate for the party in local elections last year my colleague neil harvey debated the issue with a legal north councillor. if this guy. became a creaminess. we. very well. in the next election the people will. use it to vote and this is the only way we
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act any violent act carried out by an immigrant it seems like the response is is also considerable surely this is not good for the country as a whole how do you feel about what's been reported the rise of nationalism and fascism in italy we are just telling you the people we need lo we need control of account to be we cannot lose our identity because italy if this mood of immigration will rise and we will lose. the ally of your party the former soviet belasco and he's called migrants a time bomb now is fairly aggressive rhetoric is only going to further divide people you said your weapon is your your pension should be trying to bring people together we found always the right way to act together and when we have been in the government the last time in two thousand eighty two two thousand and eleven we
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practically stopped the arrival of illegal immigrants in two thousand and eleven we had only four thousand arrival in one year in last year we had the more than one hundred forty thousand arrival of illegal immigrants in italy so you can see the difference and this is a bomb because at the most of those people are illegal they will never go get the. paper refugee because just the five maximum ten percent of them is a real refugee. a psychotherapist and gender specialist in the u.k. is challenging a university which is blocking research into people who were gret undergoing gender change james caspian claims the move by passed by university is an attack on free speech extremely stressful to find myself improved in these proceedings which. i
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think should be of great concern to anyone who values free speech in knowledge i do believe that the research i proposed is important to the well being of the transgendered community the research proposed by mr caspian was an initially approved by academics back in twenty fifteen but was later dropped in december twenty sixth eighteen high court judges ruled in the university's favor according to mr caspian the university dropped the research because it fits there would be a backlash on social media r.t. discussed the issue with walt who reversed his decision to become a woman. been back now to my birth gender for twenty five years have been married for twenty years you know when i discovered that the this whole that this whole transgender thing is built solely on feelings there's absolutely no objective proof that anyone is a transgender except by no self identifying as a transgender is no medical proof that anyone is a transgender and there's no proof that anyone benefits from the surgery over the
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long term there are some people like myself feel like we had a good time while it lasted but when the truth rears its ugly head and you want your life back you want to live in reality and not in so. you know surgically made transgender life i have found out in my many years of working with transgendered people that there is a groundswell of people day transitioning i'm working with them all the time now more and more letters from around the world from people who after five seven twelve maybe fifteen even twenty years they wanted to transition back calling the surgery in their gender change just pure folly and bullishness and totally unnecessary so they want to help you transition just as. well we have asked university to comment on his decision regarding mr caspian's or set. mr caspian's research proposal was
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not refused on the grounds of topic but on the methodological approach the university was not convinced the approach would guarantee the anonymity of his participants and the confidentiality of data there was such a loss to the first round of his legal battle leaving him to cover the university's court costs he set up a crowdfunding page to cover the expenses and mount a fresh legal challenge against the university it so far raised almost fourteen thousand pounds while taylor again believes the university has been politically motivated in its decision you know i think it's political absolutely i think it's totally political are afraid of b l g b d which is so powerful it would probably overwhelm university if they start studying this like james cares wanted to do at the university what they would find out is there's a bass number of people who are d. transitioning because they regret having changed their gender so i think they're fearful of the truth coming out this is their way of preventing research from being
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done for us as defense minister contradicts the western line on the syrian government's alleged use of chemical weapons we've got that story and more after this short break. the bond market will not crash and this time it will continue yields will go even lower and negative yields on various bonds will increase from the multi trillion
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dollars worth of negative yielding sovereign debt now the even more multi multi multi trillion dollars of negative yielding sovereign debt and we're going to go down the rabbit hole even further but it certainly smells like what the comic cash withdrawal in places like china and west sell off in all these various markets and with the oil prices climbing higher and gold looking better that we've got here an old fashioned reversal. welcome back the french defense minister says there's insufficient evidence the syrian government has been using chlorine gas well that contradicts previous claims by a number of western politicians including france's foreign minister. when they're designed guess you. do. absolutely. resolved to kill.
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the french defense minister saying that there is no reliable evidence to suggest that chlorine was used by the syrian government contradicting what we heard just a few days ago from the french foreign minister who had stated that that chlorine attack it being carried out by the syrian government. and the syrian government has been accused of carrying out or in attacks in the areas in the country in january it was accused of doing so by a number of groups including the syrian observatory for human rights which some people have questioned the organization which is run by a businessman in the u.k. and also by the white helmet so voluntary group which some people have accused of aiding with the terror executions that have been carried out in syria by taking away the bodies at the end of the execution will the u.s. government has also spoken out about these alleged attacks in syria with the u.s.
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secretary of state rex tillerson when he was in france last month same regardless of who carried out these attacks the blame was on russia whoever conducted. russia ultimately bears responsibility for the victims and. countless others targeted with chemical weapons since russia became involved in syria well the secretary of defense in the u.s. james mattis actually went even further than that suggesting that it's not just chlorine attacks but also that sarin has been used in other chemical agent in these attacks although he did also admit that there will in your own evidence that could back up those claims now the u.n. is of course invested. the allegations all these attacks in syria on some of the areas in the country but it remains to be seen whether the probes will ever be able to identify any concrete evidence as to whether those attacks indeed took place and
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who indeed was behind them and of course whether they will be able to agree and find a result of ject of enough for everybody to agree on. the latest wave of allegations about chemical attacks come as the international community struggles to agree on the way such claims are investigated until november it was handled by a body called the joint investigative mechanism it blames the most controversial chemical incident in april twenty seven thousand on the syrian government however those conclusions were made despite experts never even visiting the site of the attack and instead relying on third parties to gather evidence and now with that mission's mandate expired moscow has been calling for changes to be made to the mechanism russia proposes experts must visit the sites of alleged attacks to collect thought pools and conduct eyewitness interviews however the plan collapsed
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after the u.s. that it would block the resolution defense analyst ivan eland thinks the issue has become highly politicized. the problem is with these things is the one never knows for sure there are multiple sides on the battlefield it takes a long time to get the investigations done in the astray should always likes to. put on a tough facades the one is we don't care who did this but the syrian government is responsible for it that's kind of a strange statement i think if they accuse russia and syria of something that either didn't happen or somebody else did maybe their evidence isn't that great that's probably the reason they don't have anything to back it up and they do it they don't want. any independent investigation. a woman in california has been a prominent face of the anti harassment me two movement has found herself that the
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sons of a sexual misconduct to control the city she's been accused by at least two men of inappropriate behavior on the startling view that has the details democratic assemblywoman christina garcia has a reputation as a fierce advocate for women and asking national recognition for condemning sexual misconduct all over the place is that there was a story thank you we should not have to be on your shoulders to make this change but again it was their choice to make the power to bring down the paper i can protect their time magazine's violence breakers issue centering on speaking out against harassment even featured garcia's face in the artwork and inclusion that garcia was humbled by posting on twitter that she was proud of the work being done and the issues clearly personal in october garcia revealed to the new york times that she has also been sexually assaulted by men in her workplace multiple people have grabbed my bottom grabbed my breasts we're talking about c.b. and o.b.'s lawmakers earlier this week garcia even helped pass
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a bill granting whistleblower protections to legislative staff who are victims of sexual misconduct announcing after the bill's approval that you are not standing alone. and yet news has now broken up two men accusing garcia of sexual harassment one of the alleged victims is a former legislative staffer highly ironic considering the bill she helped pass is meant to protect legislative staff probes already been launched into the incident alleged to have happened back in two thousand and fifteen after an assembly softball game daniel farrow claims that while she was intoxicated garcia rubbed his back and squeezed his buttocks before attempting to do more than reportedly quickly it started himself from the situation and it looks like this may even be a pattern for garcia as a second accuser story is eerily similar an unnamed lobbyist alleges that a drunk percy accosted him last may making graphic sexual proposals or trying to grab his crotch she came back and was whispering roo close and i could smell the booze and see she was pretty far gone she looked at me for a second and sit i've set
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a goal. he says he adamantly rejected the offer at this point garcia's camp has only responded to the first accusation the details of these claims have never been brought to my attention and till today i can also say i have zero recollection of engaging in appropriate behavior and such behavior is inconsistent with my valise but if we've learned anything from the me too movement it's that accusations carry more weight than denials and once one person comes forward the floodgates tend to open. brian may there were announced guitarists from queen who also happens to have a ph d. in astrophysics and he's been discussing space exploration and the politics surrounding it with afshin rattansi you can watch the full interview in the latest episode of going on the ground throughout the day here on r.t. donald trump. is going to send people to mars as far as we know that is plus he's going to try to do was your reaction to him saying according to leak drove budget that the administration will end financial support for the international space
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station well that's politicians for usenet you know they're saying one thing over here and i think everybody in our circles doubt. that funding was going to be put in you know the money is going to go with a mouthpiece trump is trump you know politics is politics and people say things for expediency and they say things to get a reaction so i don't think there's a great belief that this is going to happen in the near future if there's an intent then great you know if it helps the current research of nasa that's great you know it's nice to have someone who's actually saying you know there is some support for this but comes down to money doesn't it. our minds now of our breaking news this hour a turkish military helo military helicopter has been downed in the country's southern province bordering syria according to the turkish prime minister two people were killed as a result a kurdish militia spokesperson confirmed the chopper was downed but said it
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happened over syrian territory turkish president vowed the perpetrators will pay the consequences. we'll be back at the top of the hour with more on the breaking news story and plenty more stories join us that. you know when you don't. try to get a court to get. what they need not through only ten spaces. left alone he. said. no servant is messy that. you speak french. could. let up towards.
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my mummy boy and entertainment have become blood in our culture and we have children grow up playing playing war games on their computer this war has somehow been a mistake cited as entertainment to russia just because nothing funny about it is so serious russia will be the last to give up nuclear weapons because russia regards nuclear weapons as the bow. of the inflation a waltz by the superior competition a full of.
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this is boom bust broadcasting around the world from washington d.c. i'm bart chilton coming up the winter olympics has begun in south korea will talk about the economics of the olympics with alex the hail of this and with professor brad humphries and we'll discuss worker wages and focus in on a new rule proposed by the department of labor that has many workers worried plus first let's get to some headlines. nearly all global stock markets from asia to europe had a down day friday following yesterday's one thousand point drop in the dow jones industrial average and for most of the day u.s. markets moved up and down around where they closed yesterday and we are officially in u.s. markets ten percent below market highs last month which mean we're in correction territory markets which move down twenty percent or more are said to be in bear
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territory we'll have the specific numbers at the break. european banking sector has made positive progress based upon italian german and french institutions which have reported better than expected earnings reports battered by bad loans and low interest rates european banks have made little progress in the last decade but the fourth quarter for italian bank unicredit was the best q four in ten years the german commerzbank while below last year's results still beat expectations and french bank society general soc gen also reported better than predicted results even though revenues were somewhat down. the bank of england citing stronger than anticipated growth is has signaled that the bank is keen to raise rates at a swifter pace than expected just months ago the move appears to be in accord with where the us federal reserve is headed this year. and justin trudeau
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the young canadian prime minister has been in san francisco promoting canada as a tech and making pitches to tech companies including a direct plea to amazon's jeff bezos to locate the new m is on ed borders dubbed h.q. two in canada last month and was on narrowed the possible locations of h q two to twenty including toronto which is the only city outside of the u.s. on the list. and we now go to toronto that city and alex mahela that should talk about the economics of the olympics and and alex before we get started any thoughts on that story about the prime minister pitching amazon headquarters to day is also in your city there well it's a big deal for toronto look we're talking about a five billion dollar investment fifty thousand jobs and this is in the states we're about ten percent of your population so when you look at the number of fifty thousand jobs is
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a lot of jobs and never mind the money that would be coming in so for canada that's a big deal you know one thing to strike against us right now is what's happening with nafta a little bit not sure which way we're going i think we all know how it's going to end but we don't have to get into that right now and one side of that though can is a really great place especially when it comes to tech companies like amazon because we're pretty easy letting people into the country and especially when it comes to high tech we like to bring in the best from all over the world and amazon knows out so they're looking at toronto looks like quite seriously and when you have a prime minister of our country also backing it you know that we're ready for the deal that's for sure alex a sounds like maybe you're asking you know jeff bezos could call call me your and you're a good you're a good surrogate for the prime minister there so let's get into the cities that might actually be second guessing their opportunity to hope to host the olympics so what say you. yeah look at the olympics i mean it's something that i well we both grew up with i'm sure many of our viewers did you know we used to be sitting there
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watching it very intently on our televisions but as time progresses what we're seeing is that cities are waking up to you know that it's beautiful to bring countries together and to bring that national pride up but it's very costly in a lot of cities have suffered by bringing the lympics to their homes so let's just break this down and it really gives you a sort of a good idea of what i'm talking about when you really look at the numbers so montreal i mean really one of city obviously in my country fair. city for probably more than anybody from a limpid games this is back in one nine hundred seventy six the budget went seven hundred and twenty percent over so that's a massive number thirty years later they were still paying for the olympic stadium the main stadium that they had there look at lake placid three hundred twenty four percent over that was back in one thousand nine hundred sochi deemed the most expensive olympic games ever two hundred ninety eight percent over budget rio you know fifty one percent over back in two thousand and sixteen that might not seem
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that big but it's huge for a country like brazil and a city like rio where you have such poverty and that money could be invested someplace else so now tokyo two thousand and twenty that's a city that we're coming that's coming up that tokyo people are complaining there once again things are going over budget this is something i've never been able to understand why these things happen to go over budget anyway you should know what amount of money you have you have your contractors and somehow they're still able to get away with asking for more again this is money that could be better spent in cities are actually seeing that and there's meant numerous problems there always count that they're going to have more tickets sold than they really have and just the whole fact that these these buildings that they make like it happened in athens like we saw with the marathon of that massive stadium in brazil used for the olympics and then just left there to rot so it's a massive problem and cities are recognizing this for the first time alex. my wife and i were driving from i think chattanooga back to d.c. last summer and we went near
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a site for the then elliptic in atlanta and they had all these river slalom courses for the kayaks eccentric and it was a really long and a big project you can tell and still had the parking and everything but nobody was there it was perfect whitewater time nobody was there so they spend all this these resources on the infrastructure hoping i assume that later at some point that it'll it'll make good but but it hasn't in a lot of places so what does the future hold for the olympics alex looks like cities and countries are smarting up because not sometimes not only to cities suffer but nations suffer poor nations to bring in the lympics that's a very costly thing to do so look now we're talking about looking into the future and what's happening here we know that lympics bring in about five to six billion dollars every time that they happen oh i will see the international olympic committee takes three billion of that most of this is made off of t.v.
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but they still take that money so what did the city see in the end very little so for the next big games that are coming up there's a really interesting two thousand and twenty four games happening in pairs only paris and los angeles actually bid and the olympic committee thought that oh my gosh what's going on quick let's give a two thousand and twenty eight games to los angeles because cities aren't bidding anymore they see that it's something that's just going to cost them in the long run there's really no benefit to it in the long run to talk about all those beautiful in structure infrastructure that's built that infrastructure can be built without the olympics and when you see these budgets time after time after time going over hundreds of percent it just it just doesn't make sense anymore so we'll bring forward it's really sad because i think it again is something important to world to bring nations together and to bring up the national pride but when it cost so much and when the i.o.c. is taking so much money it just doesn't make economic sense. r.t. correspondent algoma hail a bitch thank you so much for that report we'll catch another time thank you thank
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you. for joining us now to dig a little deeper and further discuss the economics of the olympics is dr brad humphries associate professor at the regional research institute at west virginia university professor humphreys thank you so much for being with us i don't recall that it was a lot of it was made mazing in your opinion how much can a city that is hosting a winter or summer olympics expect to actually pay or to any of them ever make any revenues to host these games. well it's doubtful that any games have been profitable since the los angeles olympics in one thousand nine hundred four so cities as alex pod listen to it all and not have my head the whole time alex is right now cities pay a lot because they have to build facilities and the huge costs are associated with
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these giant wear white elephant facilities that the i.o.c. demands that cities build and the benefit to cities is going to be primarily from whatever tourism dollars that they would get for people visiting the areas where the games take place ok and so if you look at this upcoming olympics what do you think that they should expect in terms of you know how much they're going to spend i mean it seems like it's going to be as extravagant as as ever professor. oh it is they've they've built the main arena where the opening ceremonies and a lot of the premier hockey and skating events are going to take place that was one hundred million dollars and they're going to knock that facility down after the olympics are over so that's basically one hundred million dollars for a facility that's going to be used at most about a month between the regular olympics and the paralympics and it could it's
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a tremendous amount of expenditure for a region of korea which is which is not well developed right right amazing you're going to tear the thing down a professor at a luncheon at university of calgary school of public policy you told a group of people there that were they to host the olympics they wouldn't see many games at all and what are your quotes here there's not a huge amount of evidence supporting the idea that professional sports or mega events are huge drivers of local economic conditions unquote it isn't there is there any data at all to show forget about the overall expenditures but about the individual businesses that are in the area in the country or in the city they might actually benefit even if overall the venture loses money. sure well you look let's take for example calgary because i think it's a great example that's already a major winter sports skiing destination and there's going to be a lot of people who are going to go to calgary because it's right at the rockies
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and beautiful city it's got a lot of great natural many of these around there when the olympics show up in a city like that you get a different group of tourists but it's really just replacement tourist one group of tourists coming in and another group of tourists that don't show up in calgary then there's also this idea that a lot of the locals want to get out of the city because they don't want to have to deal with the crowds and the mess that goes along and security that goes along with the modern olympics so maybe they could make a run out there replace it with twenty thousand dollars or v.r.v. or something professor. well they certainly could and there's no doubt in my mind that many people would do that especially now in the in the gig economy where air b. and b.'s are common but that the that the three week benefit and it's not like that creates any long term lasting economic growth in a community that hosts the host these games didn't in the.

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