tv Boom Bust RT March 8, 2018 8:30am-9:01am EST
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st ultimately denouncing riyadh's deadly three year bombing campaign ongoing in yemen britain supports saudi arabia's right to defend its national security against missile attacks from yemen many of which have targeted the kingdom cities including react any solution to the conflict must ensure that saudi arabia no longer faces this cross border security threat roughly four hundred people gathered to protest the royal visit activists condemned the war in yemen and slammed u.k. arms sales to the kingdom a similar concerns also raised in parliament by the leader of the opposition. the humanitarian disaster is now taking place in the. millions face starvation six hundred thousand children have cholera because of the saudi led bombing campaign and the bloc a germany has suspended arms sales to saudi arabia but british arms sales of
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sharply increased and british military advisers are directing the wall it cannot be right that her government this is big cannot be right that her government is true looting in one of the united nations ses is evidence of war crimes some came out in support of the saudi crown prince his visit and to ensure a warm reception a promotional ad campaign was launched the prince has faced a daunting besides a black dancing as well as billboards throughout the city center these ads though had to contend with that red double decker bus carrying banners branding the saudi crown prince a war criminal some of those we spoke to those see the pro saudi blitz p.r. campaign as blatant propaganda that isn't convincing anyone in the u.k. that the abuses of human rights the saudis are doing good is just propaganda for them back home to say oh look look how look at what this great well it's just a blatant propaganda display say it comes back to reflect badly on saudi arabia.
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they're trying to manipulate this public opinion. on the eve of the visit saudi arabia's foreign minister tried to ease the concerns of critics saying that the war in yemen had been quote imposed on riyadh he added that it was a justified war backed by international law although unicef calls it the worst manmade humanitarian crisis in history. ethnically motivated hostility and crime against germans in berlin is becoming more commonplace that's according to the capitol security chief artie's put it all over investigates the burly interior minister has had some pretty unexpected things to say about how native germans treat in the nation's capital i have heard it's not the norm but it is becoming more common to keep quiet about it would be wrong a recent survey has shown that where is this time last year around two thirds of
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said they felt safe in their city that's around just over half these days while those that said they felt very insecure it risen from nine percent a year ago to around sixteen percent right now as for what is fueling those fears are sort of pointed towards the influx of refugees and migrants into areas like this. district the local integration officer here says this well refugees don't fear arrest is they know that they'll be instantly released by the police should they be caught breaking the law does is the i don't think crime has decreased on the contrary it's actually increased i'd say ninety five percent of the crimes here are committed by foreigners that's way too much i think in general . people start to panic way earlier and this is way news spread quite quickly and. i would say that berlin has gotten more
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dangerous than any pain i think it's just because of all the news that like it's spread all over the balloon and they just make a big deal out of every time the crime that's committed and. this is you and so political our politicians should be made to commute using the underground for one week and they made to hang out in this neighborhood that way they would see what the situation is really like it's become very hostile and aggressive not nice at all. some of the politicians who represent the area say that perception of danger could become the new reality if a majority of the people have the feeling that they don't feel secure anymore and there is some some basics for that and i think one of the problems is that the that the figure is it official from the police what is declared but there are many things that are not even declared to the police as crime or as harassment or whatever you can call it because you know well the police cannot do anything about
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it because our justice system is like that well they come in for maybe five hours and then they let them off again punishment is something that evidently or appear in italy in berlin context isn't there anymore and perhaps it's the thing that things could get worse that's driving public opinion to feel that the german capital has become less safe peter all of. it is quarter past the hour here in the russian capital we are back with more in just a. it's been almost fifty years since we've had human beings on the surface of another planetary body and i hope that we could actually put together an international lunar exploration initiative much like we have the international space station consortium and together the countries of the world cooperating with the private
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sector could afford to get back into real space exploration and i think that would that would create a lot of excitement. say that. something is good. for. me. or whatever. the principle is good the principle is but it has to be apply equally and that is. thanks for joining us here on ukraine has started seizing assets belonging to
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russian energy giant gas problem following a long dispute of a gas supplies despite an appeal case still being heard by a court in stockholm by trying to fix up the story russia and ukraine could be on the brink of an all out gas war again kiev speak seizing the assets of russia's energy giant gas but a few days ago gasper said it was scrapping all sales and transit contracts with ukraine's nafta gas and russia's gas from have been settling. there are disputes in a style called arbitration court and in the last few years there have been so many issues and between these two but just a short while ago one stockholm tribunals decision forced the firm to pay the russians a sum of about two billion u.s. dollars that was basically a gas bill that they hadn't paid but then the latest decision was that russia's gas
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brom must pay ukraine's nafta gad's more than four point six billion u.s. dollars that was for abusing their position as a monopoly and if you do the math then moscow and kiev more than two point five billion euros dollars and the bosses at gas more extremely unhappy they were saying that the reasoning for that was completely unfair and that they're just bailing out a shattered economy which many times as we've seen just couldn't pay for the gas that they were buying now betrayed says justified the decision by the show of deterioration in the economy categorically against the economic problems been solved. if there's jenga tower of contracts for the purchases the transit and all the political issues to top all that off collapse as staying warm in eastern europe during this very cold spring as we all know kids become an issue
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it's not in any of russia's interest to spoil this reputation as a reliable partner but previously kiev has been caught for illegally siphoning off russia's gas intended for europe so there have been disruptions in gas deliveries but obviously russia how to protect its political and economic interests and technically it wasn't gas rahm's fault. californians seem to be getting increasingly irate about automation in san francisco. for example there have been a number of attacks on us driving cars passes by even banging on their windows and even banging on the hoods as well the bomb hits the same city a robotic guard was taken out of service and this actually after a public outcry security bought was tossed was shooting away homeless people from outside business offices it was vandalized numerous times during its patrols and
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a new kitchen assistant in a passage in a book a joint is also angry in some of those. flippy the robot as it's known has prompted the. rise of the robots and some complaining that jobs are being stolen from real people others though see automation as inevitable one expert told us it's no surprise people are angry about automatons. robotics is developing very fast and it's going to have big impacts and it's already having big acts and so it's not surprising that you're already seeing these kinds of reactions from people when you start to talk about. of
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jobs being threatened by the introduction of ai into the economy. fifty percent unemployment ok that is a crisis that is a social political economic crisis and one of the possible outcomes and one of the likely possible outcomes is is is massive violence and you know a lot of this kind of vandalism and sabotage i think you'll be seeing you'll be seeing even larger scale disruptions here there aren't appropriate adjustments in our political and economic arrangements we need to start redistributing things more fairly we need to start to pay people to take care of people and clean up the humanities and to do so many things and we in the end to make sure that people benefit from technology instead of being dispossessed by technology. women around the world mocking international women's day including in my trip where
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they've certainly been making some noise. people banging on pots and pans they're in support of women's rights charting slogans such as if we stop the world stops people in south korea's seoul came to the streets in support of the me through movement calling for sex offenders to be brought to justice but meanwhile the p.r. efforts of some men to be in support of women who are now being branded as patronized. takes a closer. it's a global commemoration of women's rights a child to right from wrong some companies some top p.r. by showing their support for women although successfully take this french anti harassment campaign showing female passengers on public transport was being preyed on by animals instead of people a metaphor which hit the buffaloes the few fellow travellers. have never been.
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in the much of. the difference between the rule and then distance. is that i have never been harassed. and what about the people behind three total ten it should be a great idea to make the civically for women so you know they could be more sane to you lately like women don't like to punch too loudly in public and they don't. sleep and they don't like to poor little broken pieces into them. tents out there judging by the reaction online most women. just like with the edgy big company who expected female trick to flock to them for pink beer even if it was a bit of sarcastic stereotyping that. if you have to explain the joke maybe it's not so very. good. to otherwise
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drink. not the blue one it's for voice. it seems that it's a marketing minefield when fans try winning as the women take dumps a pattern matching both different sizes. battling as the day is in full training so perhaps the mistake when the struggle for women's rights should be celebrated maybe the p.r. guys let's face it they probably all guys should take some time out and i think paying dropping the gender pigeonholing and remember that political correctness doesn't wash with women. thanks for joining us for the program here on international more of a worldwide news in about thirty. rock
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this is. a church secret indeed priests accused of sexually abusing children can get away with it literally i like to call this the geographic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator is simply moves him to a different spot were the previous standards not the highest ranks of the catholic church conceal the accused priests from the police and justice system to that end of that's known as the island and then i think you'll hear about it tuesday's out in. the south.
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this is. boom bust broadcasting around the world from washington d.c. i'm bart chilton on this date march seventh eight hundred seventy six the u.s. patent office granted a patent to these born in venter and innovator alexander graham bell for the first telephone his first words used in the device work mr watson come here i want to see you eleven years later and eight hundred eighty five mr bell founded the american telephone and telegraph company a t. and t. bell was a true disruptor of the day and worked upon many inventions in his later life including those related to hydrofoils and aviation he even along with thirty three others was a founder of the national geographic society and served as its second president and coming up sticking with phones and telecommunications
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a little later on ashley banks joins us to take a look at the world's biggest telecom companies and just how much money they make and we take a look at the housing market in the u.s. and abroad with debbie boyd plus we sit down with gary left to talk about airlines and their profits but before we get going let's get to some headlines. recently we reported on the growing cooperation between the right hailing company and toyota well not to be outdone nissan is set to begin field test in yokohama japan of its autonomous self driving car service nissan will become one of the first major automakers anywhere to test hailing software developed in-house using its own fleet of self driving electric cars the service will be called easy ride and it's set to be launched in the early twenty twenties in addition to taking passengers through their desired locations easy ride will also make suggestions on
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destinations based upon. customer queries such as restaurants near me all while the vehicle is underway in related news renault nissan and mitsubishi motors will move closer to becoming a single company with joint executives leading all of the major functions of the companies the alliance dubbed r. and b. for renault nissan mitsubishi of course rivals of volkswagen which is currently the word largest producer of vehicles by sales. a world consumed by quick expanding artificial intelligence experts are warning of their growing capacity to independently produce malicious things such as fake news however that's nowhere near the worst of these predictions that experts warn a new report titled the use of artificial intelligence that's pretty explanatory researchers on the subject have cautioned about things such as cyber attacks and
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even hacking of our infrastructure over the past five years in the field of ai it's become really rapid development and these experts warn that this at the current pace things could go south very quickly another hypothesis of the report claimed that if left unchecked a i could even hack into drones and driverless cars and my question is what does all this mean for jobs or keep an eye on that here bust. we're two plus months into the new year and home sales may be signaling a downturn joining us today to give us some insight is debbie blois c.e.o. of d.l. b. financial services debbie thanks for joining us let's get right into it home sales are already seeing a drop in existing home sales which represent the largest majority of home sales saw the sharpest drop in three years what do you make of all this well you know the
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housing market is alive and well i wish people would. just remember that the housing market is local so in every local city it's going to be localized yes interest rates are the same across the board and they are going to go up but i don't know if you remember but we used to have nine and ten percent interest rates for mortgages so everything is on sale now i think it's up to the mortgage professionals to educate our home buyers and remind them a lot of them are new they've never been in the market before they don't they heard that we had three percent it's now up to five percent they're freaked out but this is like still on sale it used to be so much higher so it's we've got to do our part to educate our our home buyers now yeah you're right i mean we have been at five cents five percent since two thousand and eleven i think i read that the thirty year is four point five now but it looks like we're going to see an interest rate rise jay powell just recently sort of indicated that the federal reserve will raise rates in march and we already do have the highest rates in four years so how how
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would this four or five rather percent plus impact the housing markets i know you say it's you know localities eccentric but overall throughout the nation debbie is it going to impact want to be home owners. i don't think so i mean if you want to buy a home that's just the price of buying a home there's nowhere you can go to find it cheaper is like buying a car there's only so many entry level cars that you can buy and the cost has gone up over the years interest rates mean it when they rise you might be a have to buy a little bit less house for the money but you're still wanting to buy that home and provide that for your family you're going to pay whatever it takes exactly now there are some areas where you talk about you know local specific things the new tax reform laws you know makes it more expensive to live in some of the high tax states like that in the northeast in california fact new york new jersey and california already have some of the highest home prices across the nation do you
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think this tax bill is sort of a longer term problem in that it puts downward pressure on home prices in some states with already high taxes. you know i don't think so and i think time will tell though but i think people in even in these high tax states they want to provide a home for their family it's still a good investment it's the main part of an investment portfolio so i still think you're going to see people buying homes people are older now when they buy homes and they have to look at the tax ramifications we don't have first time home buyers in their twenty's now first time home buyers in their thirty's but another reason that we have a so-called slowdown in the mortgage market is because the homes that we have to pick from on entry level homes are three hundred four hundred thousand dollar homes now they're not one hundred hundred fifty anymore with the home buyers being older they have more classic taste they don't want to come in and fix up a home they're not to do it yourself or is anymore so i think our our home selection has to change
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a little as well it's very interesting now even with higher mortgage rate you know is credit available to those new home buyers like you say i mean it's no longer going to be you know one hundred thousand dollar home it's going to be significantly more is it available now. it is we still have f.h.a. loans in this country for three and a half percent down that's not much at all then you get mortgage insurance to protect the lender in that case v.a. still has one hundred percent financing so if you're a veteran you can still buy a home with nothing down and most of the closing costs are picked up by the seller there's something called the seth program s e t h program and that's available throughout the united states it's based on a county and it's based on state specific limits and allows people that are not even have to be first time homebuyers but just with lower income levels almost up to ten percent down to help them with closing costs and there are initial down payment so yeah there are programs still out there available and then again you're
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going to find owner financing available for rather first time homebuyers or people that have had a credit mistakes in their past that makes me want to ask the guy who sort of fashion some self as a consumer advocate throughout my career are there things that new home buyers should be particularly aware of or wary of things to avoid you know we remember back in two thousand where we had the you know the bubble loans etc are there things out there now that people had expression cautious about. well you do need to look at what the fees are when you do a loan you can get an f.h.a. loan and a lot of people qualify for that because they're only looking at the three and a half percent down but there is a two percent funding feel on f.h.a. well if you can put three and a half and two percent down then you've got five and a half percent down you might as well do it a conventional loan it's going to be a lot cheaper that funding fee is just a one time fee but it doesn't go to the overall equity of the house so you need to
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look at both of those also every county in every city has downpayment assistance programs in it it could be just how many people are in your home it has nothing to do with good or bad credit it just has to do with what you earn how many people are in your household there is money available out there ok good to know now a lot of our viewers around the world i want to ask you about places around the world london paris what's going on with housing worldwide. i think you're going to say well everything is much more expensive now than it's ever been and i don't care what country you're in australia canada london i mean it doesn't matter everyone wants to a piece of home they want to have something that they own so you're going to find that people are going to be struggling to get into that save that money down to make that down payment on whatever costly housing is in your area they're just going to have to save more money they're going to have to be more frugal they're going to have to learn to stick to
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a budget everybody we say that's the american dream to own a home but i think it's everybody's dream to own a home it's just going to take a little while longer in some areas you know and the rest of the rest of the economies around the world in aggregate are doing better and better some of them are you know china and india were you know doing gangbusters better than the u.s. but you know europe is coming right now so some of those folks may be able to get back into the housing market or get into it for the first time you know usually in the spring and we're talking about the world here after say in our spring in the early months of the year is when the housing market gets jump started people are willing to get out of get out of their sweaters and go out and look at homes but given the recent data are you still optimistic about the housing sector for the remainder of this year in the u.s. and abroad. i am you know when spring not only is it the weather that makes
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people decide to take moves but we're getting kids out of school in may and june over here you're not going to disrupt your family and move them in the middle of the year and change school districts or cities or states so you're going to wait until afterwards well people need to start early so they start like maybe february march april in listing their homes and they can have a long closing date so they can close in may after the kids are out of school and then they move their family companies are still moving around the country trying to find the best tax rates in different states texas has been a great recent b. and of that with the way our state runs a lot of major companies are sending their people here from across the country or across the world so texas has got a big influx of people but it's always in the spring and summer when families are able to move in upset the school districts or i'm going to ask you a little bit of a tricky question say that you're a parent and your kid is not a kid as a young adult just get not a college and they're looking at someplace to go and one of their priorities is to
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buy a home and right maybe you're not going to say texas maybe you're where should they go they go in the analytical anywhere yeah and why is it matter where they go well because the same rules apply everywhere you know but but those kids that are just coming out of college some have a lot of debt some of them are going to get a new job you know they're not staying in their jobs as long as well for other generations didn't you know some people retired after thirty years these millennial zora buying are getting their first jobs and maybe they're going to live there two or three years and they're going to trade to a different job you don't want to buy a home in today's market with all the closing costs of the down payments and have to sell it again in the stress of all that just rent if you're not going to be there five years you're not going to recoup your money save your money double down on your four zero one k. get make sure you get those matching funds save for a nest egg you know emergency funds are needed and a lot of our families don't do that you know they think i'm going to take all their money for a down payment a house i can.
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