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tv   Boom Bust  RT  March 15, 2018 9:30am-10:01am EDT

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as the prime minister taken the necessary steps to make a formal request for evidence from the russian government given the gravity of the accusations at official request seemed like a reasonable osc but law school though says no such requests were forthcoming. we haven't received any official request from london we've told britain we're ready to respond if they file the request instead of filing the official request the u.k. continues to pull political stunt moscow also said it would cooperate in a joint investigation within o.p.c. w. parameters it seems this offer was unacceptable to the u.k. government. has high resolution trace analysis been run on a sample of the nerve agent no answers from to reason may on that but the prime minister believes there's already enough evidence to make it highly likely this was an attack ordered by the russian state guilty as charged mr script atlantis
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daughter poisoned with and nothing chock a military grade nerve agent developed by russia means motive and opportunity are usually needed to prove criminal guilt the nerve agent live in chalk at edgeley used in that attack was actually developed in the soviet union decades ago and the o.p.c. w. officially confirmed that russia had concluded the destruction of its entire chemical weapons stockpile last year. how has she responded to the russian government's request for a sample of the agent used in the soles reattack to run its own tests apparently no response and no sample why the secrecy if this is such an open and shut case if you didn't do most of goebbels up against good schools in the mid one nine hundred ninety s. western special services recruited a number of our chemical specialists their names are known they also brought some of the documents and continued research in this area. including in the us in the
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u.k. the results achieved by those countries in creating new poisonous substances that for some reason classified under the common name of the west are confirmed and represented in more than two hundred open sources from nato countries we have all the references we ready to provide them with the investigation still in its early stages other crucial evidence which could point to the perpetrator of this crime is lacking. as that revealed any evidence as to the location of its production all the identity of its perpetrators hundreds of officers as you would expect continue to work around gathering evidence to identify those response we're not declaring a person of interest or a suspect at this time. how does committing a heinous act on foreign soil on the eve of a presidential election and months before the much discussed world cup knowing the diplomatic fallout benefit the kremlin you have to ask one thing if russia wanted
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to kill this man they could have killed him when he was a prisoner in russia why have they waited this long and why use a chemical weapon that makes it definitely is so russia is behind this very odd to think that the president of russia is sitting in his office deciding who to kill someone who is no threat is basically now retired in britain i would guess that mr putin has got more important things to do than that but the reason may says russia's been given a chance to disprove its guilt until proven innocent despite many unanswered questions the mass expulsion of diplomats the freeze on the high level talks for tat action approaching means the diplomatic damage has already been done and it's too late to undo. two other world news this hour there is a power struggle in berlin but this time it's between the authorities and the criminal underworld it's claimed that are
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a crime plans are in full treating the police and undermining their reputation and the media say they're proving successful at it here's our europe correspondent peter all over. a parallel society with parallel justice being meted out by a mafia don the arabic. underworld has apparently gained so much influence that they're challenging the power of the state and that it's got alarm bells ringing in the city prosecutor's office the damage is already done now the clans in making sure that confidence in state power is dwindling the latest method being used to. the police while cementing their own is to use their power base against the police the strength lies in drug trafficking protection rackets and prostitution and it's the latter it's being used to attack the reputation of police officers. rumors have been spreading about police and prostitutes aiming to show
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police officers in a bad light for example that they have given drugs to prostitutes for information once it's out there it is very difficult to dispel it people see corrupt cops in hollywood and think yes that could happen i would even if we have very clear evidence to prove it's not true. the arab clans have become such a part of the tapestry of the german capital that they were recently featured in the hit t.v. show. mention. how this was like i. was. going to talk about. that and believe. the police point out this real life is far crueler violent than any fiction. the trans main weapon is intimidation but just recently we saw a passer by shot and injured in
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a shootout between gangs if you hear shots being fired in. eighty percent of the time it's clans we've seen police officers testify. against clan members and if and being threatened right in the courtroom. if you stand against them and expect to be visited by them and for threats to be made against you and your family. the clans have become emboldened over the last few years being linked to or investigated in more and more on bush's crimes like the daring heist on an upscale cooed jewelers and the theft of a one hundred kilo gold coin from the boat a museum but how to open up a group that uses violence to guarantee silence and. we need to track the money like they did with the math here in italy device that we should make it so people have to prove where the cash comes from now a person can claim all the unemployment benefits available will be driving a lamborghini here and say it was
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a gift from his brother even though the real money is coming from criminal enterprises. with the police feeling strong by allegations against officers and the crime influenced the we have to ask who is in the increasingly equal battle for the streets of berlin peter all of a. double trump skull designs on a military unit that's literally out of this world but the internet's got its own ideas about the president's proposed space forces r.t. reports right after this.
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what the pope says he has to do something to. put themselves on the line big get accepted or rejected. so when you want to be president. some want. to do right to be this is what the three of you get. interested in the water.
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nineteen minutes past eleven am here in moscow welcome back don't trump latest speech to the military in the u.s. has stirred the amount of nation funny fans he said they knew from tierra for america i've her space special space force to go with it but as our tease she explains while some have a field day with themed jokes on the internet others are warning of the dangers of space militarization. the army navy and. enough in the battle for wealth dominance it's time for new developments and donald trump isn't show it to vidal if space is a war fighting domain. just like the land air and sea. we may even have a space force develop another one space force we have the air force one of the space force we have the army the navy trans comments have captured the imagination of twisties as with many wondering whether help become the guardian of the galaxy
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or will he be training in all me of power ranges all stone trip as ready to file a says at any extraterrestrial threats. and even some of the president's general seem to be a list same page or planet there is no war in space just as there is no war in cyberspace there is only war and war can extend into any demand not a new idea it's been proposed many times in the past and it's always been rejected by the do something that people have been promoting again recently i think i would be a very negative move actually because it would create a constituency whose natural interest then is is used to further the weaponization of space and create a greater danger of actual war in space but not all the way both the us defense and the air force secretaries have labeled the space plan as a necessary prayer critic and costly and the house in fact spin a space command's for if they say yes is part of the us as force and carries out
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intelligence operations and make sure space isn't militarized then there's also the nine hundred sixty seven outer space treaty no small obstacle to any american ambitions to put weapons in orbit it was created to stop the setup of military bases and out of space and address other costs make concessions well there the us has previously blocked or abstained from the un effets to regulate space weapons. since at least the past twenty years of not. the united states has had no interest in any discussion of space arms control so although it's hard to tell how sincere trump is at this point one thing is fishel trying fails the fourth.
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let's take things back down to earth now where there are just a few days left for the russian election candidates to try and win over voters and in the run up to polling day we're profiling the presidential hopefuls today vladimir zhirinovsky who is the leader of russia's liberal democratic party he's running for president in all bar warmed election since they began in russia in one thousand nine hundred one he wants to introduce a progressive income tax system instead of the current all run flat rate as well as pledging to tackle poverty unemployment legal immigration his critics though say he's pondering too easy populism and that his party often votes in line with the kremlin in parliament anyway here's words sure enough the stones in his own words.
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it would seem to me we must be strong here and those in the president should be tarred with such a foreign policy that will make everyone scared of others so is that me and they can respect as usual and no one will dance to close russian schools are still fresh russian language for me i will move death to stock car journeys exhaust lawmakers turkeys and i will move it to kill our ambassador because i will do everything to make russians and our language respect your. yes i choose to go on russian citizens to be proud of our country not be proud of sausages or smart phones is disgusting there hewing overnight to buy a new phone its not fast not what price even then i promise all military officers new ranks and then you no one will be left without a flat and yet you will get them immediately is no mind waiting there's lots of a confusion over when you will increase pensions for all veteran then you give bonuses free to restrict the i will protect all of us even way and we will be proud of our country.
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does not see that we need to have a strong army out of that no options here be friends with somebody who did that who are we going to be friends with no risk of nato forces our orders it would take you five minutes to fly to st petersburg to get a ball in seven minutes to moscow to the moscow that are genuine enter afghanistan they are planning to destroy your country and they won't stand your whimpering like you were travelling to get a shingle visa i will get better economy by your kind of economy talking about if they bomb the hell out of us tomorrow that works security is first. these people shouldn't even be allowed to serve as an ordinary civil i need and they want to become president i thought that's a disgrace and it would change a lot of i knew were you see this because it's a quote outrage at the net imagine when you make it brought up well you can make more of the presidential candidates here over the next number of days and then from saturday evening our special election coverage kicks off on red square and
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continues right through polling day as we receive those all important results and reactions. so. he becomes nuclear which will become. getting it toward your career as well but i guess it was a year. one hundred fifty added steel official line. north exist so i will study is in the us occupied territory. may be a right source was not so i will study else too probably develop nukes and if that happens what about japan. to get not all this gantries have
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a lot of pretty useless to develop. this baby and. say this much eighteenth vote with your remote. for special coverage of the russian presidential election exit polls opinions real time results monitoring and much more. later on. this is boom bust broadcasting around the world from washington d.c. i'm part scholten. coming up today we talk investing with an emphasis on millennia old investing with. the reading group and what's going on with cuba as we are about
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to see a cuban government without a castro at the helm alex behala bitch takes a look at the economics and we get a prognosis from john. b. us cuba true. raiden economic development council and before we go stephen hawking has passed away we'll spend a few more months moments on his remarkable life all of that coming up but first let's get to some hot headlines. breaking news this afternoon financial pundit t.v. personality larry kudlow is going to be the next director of president trump's council of economic dividers advisory rather reuters reported that kudlow said the president offered me the job last night and i accepted the any c. director is officially the principal economic advisor to the president the recent departure of former goldman sachs president and c.e.o. gary cohen from the post over tariffs had rattled investors kudlow has criticized the president all over tariffs but reportedly became convinced of the merits after
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trump agreed to soften the impact on u.s. allies like mexico and canada in response to carlos' concerns. and the organization for economic cooperation and development or o.e.c.d. d. is pushing for an international dialogue to reduce trade frictions and prevent a cycle of tit for tat trade war escalations the o.e.c.d. as march economic outlook advises that quote governments should avoid escalation and rely on global solutions to resolve excess capacity in the global steel industry the outlook also warns that quote trade protectionism remains a key risk that would negatively affect confidence investment and jobs the o.e.c.d. recommends using the process of the world trade organization the w t o to resolve the growing dispute over u.s. president donald trump's imposition of tariffs on imported steel and aluminum.
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leftist presidential candidate andreas manwell lopez obrador also known as aam low is. extending an olive branch to mexico's business class last week he told the annual meeting of the association of mexican banks that if elected he will support banks won't confiscate assets and won't nationalize the banks he also said quote will have a country more focus on its main problem the cancer of corruption and low leads his closest rival by thirteen points in the latest poll the presidential election takes place on july first. google says that they will stop advertising for bitcoin and other crypto currencies as part of an effort to eliminate unregulated financial products from their platform you may recall that earlier this year in january facebook took a similar action the google ban also applies to advertisements related to crypto
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currency exchanges as well as initial coin offerings which allow companies to raise money by selling crypto currencies. and in related crypto news a new self regulatory organisation and what they call an s.r.o. for crypto is being proposed by the wakil vi cameron and tyler winkle voss the founders of gemini the digital currency exchange the twins founded in two thousand and fifteen the virtual commodity association would function as a nonprofit independent organization to be governed by a board of director the winkle vice said in the statement quote we believe a thoughtful s.r.o. framework that provides a virtual commodity regulatory program for the virtual commodity industry is the next logical step in the maturation of this market and good for them. and one more crypto story coin base one of the world's biggest crypto currency
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exchanges and wallets which you may recall was in some hot water last year i think in august as the internal revenue service requested the names of their customers some who may have been avoiding paying taxes on crypto currency profits has now opened a bank account with u.k. lender barclays the six largest global investment bank in the world the new signifies the first major relationship between a large investment bank and a crypto currency exchange banks have been reluctant to exchange in crypto currencies or the exchanges themselves on which they trade due to myriad factors including but not limited to concerns about money laundering on unregulated platforms with unregulated currencies. and now we turn to investing and focus on millennial are they different and are
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investment advisors doing what needs to be done for millennia lots of questions and we have just the person to answer all of our queries april ruden the founder and c.e.o. of the routing group april thank you so much for being here before we get into it let me ask you just a quick if you have a quick take on the news that larry kudlow will be taking gary cohen's job and the white house as director of the national economic council any reaction. well thanks for having me bart first of all second of all i would say that because i was an early supporter of child so there may be no surprise there. and they have a great and mostly everything except from what i've seen recent aluminum and steel tariffs i think there's been a little bit of the a disagreement but you've been on t.v. with kudlow quite a quite a lot just to buy the sparts so what do you think. well i like being interviewed so you do it so i think i mean he's definitely
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a guy that's out there all for open free markets guy he's i think has a a powerful personality and my question would be whether or not given that the president himself has a powerful personality how that dynamic will work but there's no question for me that he will rule some of these meetings these big meetings that they have everything all economic policy whether or not it's commerce department or treasury stuff all for flows through the economic council so look i commend him for taking the jobs you know you don't do it for the pay you do it for the country so i'm really pleased for larry and hope that he can make a difference and and hang in there we need adults in this administration and larry will be a good addition so one way april back to it let's get to the millennial i mean how are they different to we know they're a little bit different but how are they different investors than than the rest of us. so i think the first thing that people need to understand about millennial is
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is that they're more conservative than what people think they have seen two thousand and eight happen they've seen their parents' portfolios decimated in some cases they've seen what some of the larger financial services institutions have done and so they've become more conservative fifty percent of more portfolios are in cash and this this generation millennial or next gen are the most educated that we've ever had but they're also hold the most debt so that's another important aspect at investment community and financial advisors need to really understand about them but the most important thing is that millennial value transparency authenticity and they want to be not a number they want to be seen as people and not a portfolio well that brings up you know whether or not they sort of look at things differently with regard to where they put that money that you say they're holding
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april i mean are they more concerned about you know policy issues than perhaps profits the old school profits did that they have these you know values pure profit values are those a thing that doesn't concern them as much as perhaps what the policies might be. that's a great question that really gets at the heart of the matter so millennial is are not nearly as concerned with investment returns as their boomer parents and as financial advisors which we can touch on a little bit later they're much more socially conscious they're environmentally conscious they're community conscious they're conscious of everything really around them and less conscious then of their investment returns so they know they need to and they want to work with people who are again more transparent and authentic and they really have personal connections rather than just being a number or just being a portfolio so that is a huge differ. it's strong never my parents so that gets to what you are the sort
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of forecasted for the conversation the investment advisors and not that investment advisors are all all all white dude but they're at least fairly represented so how do millennialist look at investment advisors do they need people that don't don't look like i don't know me or other folks do they need people that are sort of catering to them both both in terms of connecting with them april and in terms of the sorts of financial products that are being offered to millennial. yes so there's a lot to unpack there part first of all the average age of a financial advisor is fifty five in the u.s. and they are many of them are old you know white guys for the most part only fifteen percent of financial advisors are female for example i don't have the exact numbers on what percentage of financial advisors are millennial but it certainly is a growing and a really important field. for millennia as even to go into themselves as you see
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you know financial advisors going out into the sunset you see portfolios being drawn down you can see what's going to be happening in the future so that's really important into lloyd has for a cast something like up to twenty four trillion dollars being held by millennial zx by two thousand and twenty and we shouldn't be surprised by that because about fifty percent of millennial is are also entrepreneurs they're much more entrepreneurial than their boomer parents they don't want to work for a company again they don't want to be a number so they have a completely different complection and that's the gap that exists is the difference between financial advisors that are touting and pushing their enterprise brands and their financial returns as being there the way that they're used to marketing selling and onboarding clients and the disconnect happens because millennial are looking for connection not looking for investment returns but looking for products
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to play to their passions whether it's socially conscious environmentally conscious or just more about them and then transparent they don't want something that is a derivative or something they're not going to really be able to understand they want to know more about their investment and what that vehicle is and then what they're actually investing in well one of the things that i know they want to invest in but a lot of financial advisors do not offer these as products and those are crypto currencies are more and more advisors looking at those in order to attract as potential investors customers. so crypto is of course an interesting question and you know a larger question at that you know because it's digital and because it's new i think it attracts a lot of interest among the line els in terms of learning about it and that's sort of a flashy penny if you will. i think the l's are a little bit hesitant because it's not as transparent as what they like it to be i
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think we're seeing now more and more products coming to market and thinking about crypto currencies as an asset class rather than you know an actual currency so we're seeing more products and vehicles coming to market like fun. you know that are created around crypto so i think those are going to be really products of the future. that millennial is will be more interested in rather than investing in let's say as a currency super interesting people rooting founder and c.e.o. of the root group we hope you'll come back to really great information thanks so much for joining us april thanks part. time now for a quick break put hang in here because when we return we talked with alex mahela bitch and then with john campbell in a journal tell us about what he thinks is his prognosis for the future plus we consider the life of stephen hawking and as we go to break here are the numbers at the closing bell oil is the only greener on the board today.
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join me every thursday on the alex simon sure and i'll be speaking to guest of the world of politics or business i'm show business i'll see you then. they're not ones up close enough loose off to let down what might have been a top of the definitions and i'm by any. one seeking out a new south. and. take a minute not equal to the south korea sound it to me we've got to get with our men and then you get really brave. now with a kind.

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