i. i. i. i. back in december the u.s. federal communications commission voted to kill what is called net neutrality which was designed to ensure that consumers will all of us have access to the internet with no preconditions like for wattles or governors on speed or content since the internet crosses state lines the determination has been seen as a federal responsibility but now some states are challenging that determination in an effort to ensure consumers have access to free and fair internet holland cook host of the big picture here on r.t. america has been following the net neutrality issue in detail and he joins us now helen thanks for being with us the last we left the story you said that states may

take some action bring us up to speed washington state democratic governor jay inslee has signed into law essentially what the old net neutrality is where as you said no blocking don't throttling no preferential fastlane and this is moving through a couple dozen state legislatures as well the governors of new york and montana have issued executive orders stipulating that if you do business with the state as an internet provider you have to play by the same rules too and now california legislators are looking at what would be the toughest law of all and this is the newest development it would ban special deals like eighty and t.'s sponsored data or verizon's freebie percs data plan so although the f.c.c. regards this as an interstate the states aren't sitting around because the public is wearing. do you think this means that the federal that either the department of

justice or even just attorneys there are attorneys at the f.c.c. if they're going to challenge the states on this or will they let it go well congress has been getting an earful there are fifty votes in congress the one republican susan collins of maine often goes with the dems and senator ed markey of massachusetts says this is going to come to the floor in the spring little washington no one no one the f.c.c. action has now been listed in the federal register which means that now the lawsuits can follow and both sides are probably going to be hollering to each other for a rise and then the other big internet service providers are going to say no the f.c.c. is right open up the internet so this story may be closer to the beginning of the end that it seemed like when the f.c.c. voted on december fourteenth well let me ask and i don't want to get too bogged down in like u.s. politics but when you say that only we're one republican susan collins of maine

join the democrats on this you know the house of representatives in the states here is controlled by republicans so if it's partisan even if it passes in the senate doesn't do much good for those seeking to have trued net neutrality but are there some that are hoping that perhaps things might change those that support net neutrality after the midterm elections that take place in the u.s. this year just recently this election in pennsylvania suggests that there may be a bunch of retirements coming if there is some change in the congress but you're right if this gets through the senate and they need one more vote then it goes to the house which at the moment is a republican majority and then guess who gets it your republican president who is very in favor of how the f.c.c. is come down on this but politician he could veto it then they would have to have three fifths of a majority to override it which would just sort of crazy. because when you talk about three fifths of the house of four hundred thirty five it really gets you to

almost a magic number hollande and that magic number is eighty percent because eighty percent of americans support net neutrality yet we have this bumper divide here in the country how does that got to frustrate people out in the countryside and confuse them it's a very misunderstood concept the chairman now of the f.c.c. republican sheet pie is saying that this is a light touch let's on regulate it but in fact we're giving more power to the big internet service providers the telcos a t. and t. verizon and all that so as so many bills are deceptively titled in washington this is prone to misunderstanding and as you say eighty percent like things the way they were so as always call your congressman call your senators and now call your state senator and state rep because they're all ears and they're getting

an earful about this and interesting note holland the european commission is now drafting a proposal it's been reported in recent days to consider dealing with throttles and content on. things like google and yahoo those sort of platform search engines and providers thank you so much for being with us here pre-show your expertise i always like to dish with the commish thank you sir. as expected donald trump today ordered the u.s. trade representative or u.s.t.r. robert light hisor to impose as much as sixty billion dollars in tariffs on chinese imports as well as restrictions on chinese investments in the u.s. the u.s. he are will print a list of specific targeted imports within fifteen days the president called

today's action the first of many and the u.s. will also reportedly pursue grievances against china within the world trade organizations process and the treasury department will soon take further actions against china meanwhile on the european front u.s.t.r. flight hisor announced a number of nations will be exempt from previously announced tariffs on imported steel and aluminum that are to take effect today now argentina brazil and south korea and the twenty eight nations of the e.u. will be exempted in addition to previously announced exemptions for canada and mexico the exempt additions account for more than half of all u.s. steel imports in twenty seventeen raising questions about the effectiveness of the president's actions while the president of the european parliament hailed the exemptions trans-atlantic tensions are clearly on the rise and the stock market fell today down six hundred points right he went to air. and we are full of french

news today france is set to propose policies which will provide a regulatory framework for companies that raise funds using crypto currencies the move could promote france as a more amenable place for crypto related startups and other firms to firms to do business french economic minister bruno lamar has said he hopes the new rules in this regard will allow companies to gain a formal approval from french regulators for initial quine offerings the i.c. goes. he said quote france has every interest in becoming the first major financial center to propose an ad hoc legislative framework that will allow companies initiating an i.c.a.o. to demonstrate there's juries this two potential investors the minister was adamant that france will not miss out on the block chain revolution and in that regard we are joined by the former chair of the commodity exchange and the managing director of the world economic forum w.t.f. donna rebell donna thank you so much for being with us it's

a pleasure to have you here and thank you for all of your great work i hadn't been to ever before i went this year and just really enjoyed it and i know you started the women's effort there and now this year they had all women so congratulations you were the first one what do you make of this news about mr lemaire and the french trying to sort of put in place rules of the road for icy goes well i think that you know it's great that france is trying to do something i'm not particularly fond of jurisdiction stopping so i do think that the next step for france of which they've already said some time ago that they would propose a joint economic crypto regime at the g. twenty in in april with the germany so they're going to go the road of trying to have a harmonized regulation scheme throughout europe you know that makes so much sense that they would do that and i'm with you on people go regulation shopping because what you end up doing is the it's usually

a race to the bottom right you have the least coverage of regulations and that's not often a good and the g twenty does seem like an appropriate venue the ministers are meeting this week then of going to saris the finance ministers of all the g twenty countries but let's talk just a little bit more broadly about regulation we've talked about this book before there are people and we've met some of them who just hate all regulations and none of it's good but is that has that ship already sailed are we tended to. regulation in one form or another eventually i do think that regulation is the future of what we're we're starting to see not only in this country but in other countries as well and regulation actually does provide security for a lot of the big institutional investors and if you can get the more of a the institutional investors to participate in this market that it will actually grow so the many people think regulation is a stop to invention in fact it can foster it in the right way in

collaboration with the regulators and you know but so appropriately is safe going to get institutional money and people shouldn't be scared of institutional money because one of the problems we see in the crypto space is this enormous volatility in trading and that volatility will be lessened with prices it will be leveled out if there's more liquidity there's more players in the game right correct correct i mean i think you see it we saw it in traditional commodity markets and in the stock markets when you have more players when you have more money there than it is it doesn't completely but most of the time it eases the big the big highs and the big lows so that you have less volatility because volatility is only one part of making money and that's for the volatility traders do you think there is i guess the question whether or not the ship had sailed on regulation. but there's been some efforts of late s r o efforts self-regulatory organizations that

tyler and campbell cameron winkle was that we call by have their idea to start a virtual currency association i don't particularly like the name but i commend them for the effort others are talking about doing something self-regulatory of that and that essentially means no government. but i'm wondering what you think about that whether or not that will be enough could that stay. off some more onerous regulation is there some way that an s.r.o. entity were ever it is the truth of the will worries us or or somebody else's that can point important role in the cryptocurrency space going forward i do believe an s.r.o. would be helpful do we know now what that looks like and do we know if it will cover all of the jurisdictions no because it's still in the very very formative stage is probably just some sentences not necessarily an organization but you yourself know that the commit that in the commodities exchange that exchanges are

allowed to a self certify products so if you were regulated by the c.f. g c of which coin actually i think that they said that they grab you like that it's a commodity then you could sell certify as an exchange and put other coins or types of instruments on it because you are ultimately regulated by the c f t c so if one looks through that different regulatory regime there's probably a way to have a lot of self-regulation even within the context of overall umbrella of government regulation i want to shift gears a little bit so as i mentioned at the top of our segment here you're both such a leader for women's causes and particularly. we'll talk about women in the crypto spaces there's not enough of them what can we do so i think that women in the crypt l.-space in some senses whereas women in in other business worlds are still

a lot of trading and having that on trading floors and trading desks we know that the percentage of women is low there i do think there are more women than one necessarily sees in crypto because they're working on a number of different projects relating to strategy or advisory work and they don't necessarily take the front and center in every single debate or in every single conference should there be more women a. inferences yes and is there a general movement towards that the women themselves as well as supported by the men i think i see that it just is a very new industry it's going to take time is there a way i know you're speaking of things that are great strategic fifty is there a way that women can network better and do something that actually helps them to get into this space and others more that we are losing this whole generation of women who are sort of getting to the age where they're going off and doing

something else is networking part of it well i think that working is part of and if you go on and in new york city there is something almost every single night that you can sign up for and women and blah chain that a friend of mine at consensus help sponsor i mean they have something at least weekly and not only as well attended not only by women but men as well and i think it's important in any arena that the men in the women are there together working in an industry not just isolating one group or the other it's it till it builds builds network done with dell the former chair of the commodity exchange and managing director at the world economic forum thank you so much for being with welcome players cherish it is time now for a brief break but hang here because when we get back we talk more about france and what we are seeing the unfold in paris as we go to break bitcoin was trading at eight thousand six hundred dollars and ten dollars and as we went to air we'll be back in just a moment. well

you know they were kind of adopted because we were called higher or lower. i've been there in the small boats next to the hard pull of ships and it's. a lot tougher than. the limo self to be told face already ninety percent of the dot and it won't become the. new concept fifteen scoops seventy five tons true and they do it several times a day with a clean collar you get an idea why pollution. we have to

understand we can not stay used to just. be with in this the deal going through the hours. i'm doing this because i want the future world to the future can generations to have and enjoy the ocean we have. fifteen years ago this month the united states in its so-called coalition of the willing to illegally invaded in occupied iraq and iraq continues to grapple with that fateful decision many call the invasion of iraq a blunder should we call it would it really is a crime. how does it feel to be. the greatest job in the world it's as close to being a king as any job there is what business model helps to run

a prison now we do or don't like i said no b.t.o. visitation and i don't know what comes into most we don't have to search them anymore it's cost effective that's what they want to do that you know and they don't give a damn if you do the chores or not there are actually paying us to put it back into . the louisiana incarceration rate is twice as high as the us centric what secret is behind such success. u.s. congressional leaders have reached an agreement on a one point three trillion dollars spending bill to keep the government running after friday at midnight the bill passed the house of representatives the theft or noon it is expected become law after passing the senate on friday on twitter president trump touted over seven hundred billion for the pentagon's budget

a new record and one point six billion dollars to connect and maintain sections of the border wall separating the u.s. and mexico that amount however is just a fraction of what would be called for under president trump's pledge to build that border wall the bill does not address the crisis facing those dhaka dreamers the eight hundred thousand immigrants brought to the u.s. and it was were children when they were brought to the u.s. and were granted legal status under the dock a program which the president president trump has and democrats previously vowed to hold up spending bills until the issue was resolved but unfolded but they folded themselves actually after a two day government shutdown finally updating a story we covered here on boom bust the spending bill does something to prevent bosses from taking control of workers' tips they call the chip sharing rule by the department of labor senator patty murray of washington hailed the win for workers and thanked labor secretary alex acosta for responding to critics.

the president of peru pablo crucifixion has offered his resignation ahead of a congressional impeachment vote expected later today after months of corruption allegations related to brazilian construction for over brecht the president's hand was forced by the release of a video which appears to show his political allies discussing offers of public works spending and kickbacks and exchange for votes and political support the peruvian congress may either vote to accept the resignation or impeach the president. and former french president nicholas sarkozy was detained over the weekend and question for two days it is now facing preliminary charges related to illegal campaign contributions from former libyan dictator moammar gadhafi it's been reported that the money was alleged to have been delivered in three suitcases containing two hundred and five hundred euro notes in two thousand and six and two

thousand and seven for his part the former president mr sarkozy has denied the charges said the circumstances are making his life health and that he is quote accused without any physical evidence. former national security official edward snowden you recall him who back in two thousand and thirteen blew the whistle on a monumental u.s. government surveillance agenda surveillance agenda that is is back in the news again and he says that bitcoin has a fundamental flaw and does not believe bit coin will be around forever saying that bitcoin has a large and structural flaw what he calls a long lasting flaw it's a in the public ledger and we've seen major problem in that ledger as reported first by the u.k.'s guardian newspaper the guardian that bitcoins blocked chain has been infiltrated and embedded with some child abuse content just horrible and here to continue our conversation is geoffrey tucker the editorial director for the

american institute for economic research geoffrey thank you again for being with us we appreciate your patience we know it's a horrible thing the point ledger but i want your take on it what do you think about snowden saying that the ledgers you know messed up is not going to be around for a while and this report in the guardian. let's talk about snowden first he makes an interesting point and he is that he's addressing the privacy concerns or the block chain and obviously edward snowden is really focused on that issue of privacy the point of the public ledger has some advantages for creating an audit trail and by that i mean you know so that we can establish ownership rights and keep track and tell the truth and prevent fraud and all that's good on the other hand from a privacy point of view people used to say because it was anonymous it's never been anonymous it's always been sued on i'm so your public address is right there and

it's true that it can be tracked and i and that's good for some things are bad for some things snowden is really concerned about the privacy angle and this is why he's a little bearish on bitcoin i'm bullish on things like money arrow and cortana and bash and some of these other coins that are a little more privacy oriented. yeah. i heard him talking about yeah he did mention that you know it mentions the cash that these are all similar technologies i mean yes so it all depends on what you're trying to do and i and i understand. a real focus on the privacy point he wants a really anonymous going and i guess my view is let the let the market decide the public ledgers can be very valuable a big claim for some purposes but but not for the purposes that he's he's concerned about i mean we all know why he's so fixated on encrypted and privacy and but the point is that the market is speaking and those those coins

the cash you know bash and there are many other really dozens that really address his concern he may or may not be right about because i tend to think that big is going to persist as a kind of final settlement layer in the crypt of currency space for for a very long time actually i think it's the closest thing we have to gold in the crypto space and well certainly it's not as stable is not as stable as gold jeffrey but it has the most liquidity i guess of anything so it's got that. and there's a very interesting things happen in the big client space right now you know that's fork it happens because i'm becoming cash in now because cash has been adopted you know by retailers all over the world and same way that because it has been adopted two years ago now it's becoming cash is the is is being preferred for consumer purchases however we're seen new off chain solutions like lightnin networks being developed specifically for because and that allows fast cheap communication to

trade to take place on with bit with bitcoin that make it much more scalable so even that's been fixed now the that's the thing about you find in these spaces people draw attention to certain technological failings but as soon as they you know they go public you'll find that there's you know half a dozen and a dozen developers out there are trying to fix a problem so that's what that's what's fun about this about this market it's always evolving always emerging always improving and adapt itself to consumer preferences . well jeffrey you always make it fun for us and we didn't even get to everything we needed to get to today but we've run out of time jeffrey tucker the editorial director of american institute for economic research we sure appreciate your time it's my pleasure. and president donald trump has ordered five hundred billion dollars worth of tariffs against china as we reported now many are wondering how will china really act and who will ultimately end up paying the

price for this bold move artie's alex mahela which joins us from toronto alex what do you think of what's the reaction so far i know it just happened a little bit ago but what are you hearing. first of all well there but i think said five hundred billion is fifty billion. yes thank you. that was a threat i'm kidding no five fifty billion billion you're right thank you but either way you look at it like it's dawdled trump we know on friday these tariffs on steel and aluminum are supposed to be popping out i remember everybody was afraid everybody trump says jump everybody says how high and now we're hearing these these tariffs are being slammed on china well it's not quite that well first of all to all those tariffs that are happening tomorrow not happening the way that we're hearing it actually is quite a different story right now. we're looking at a situation where these tariffs actually are playing out a completely different role so e.u. is supposed to be exempt tomorrow after the e.u.

gets exempt we might be looking at south korea as well and brazil so as you can see those steel tariffs already are coming to play in a very very different way now what they come to china we're looking at almost sixty billion some are say in tariffs but wait one second we've got to wait fifteen days first of all to see what these tariffs are going to be about the u.s. trade representative robert light hisor he's the one who's going to be looking into this and figuring out what is wrong here and all these dealings with with china itself got so what we're hearing from sources is that while the tariffs are going to hit information technology telecommunications and consumer goods those are going to be the big three anyway china's ready to go back and forth with this we know that so once this heads who knows who's actually going to come out in harm's way and the fifty billion in terror of the even sixty billion is not necessarily mally you think china is going to hit back fairly rapidly. do i think probably

not in the way that we think it's going to be because i don't think this is going to happen the way everybody's saying i think china's biggest problem right now is the taiwan travel act which was signed last week to high level u.s. representatives already gone to taiwan that's the first time since nixon the one china policy is being compromised by trump and that's his political move but china smart enough to know that all this is b.s. until anything really happens. trellis the mahela they should anything. alex thank you so much and thank you for the help fifty billion dollars and tariffs have been placed on china thank you for thank you very much and that's it for this time thanks for watching short catch boom bust on you tube you tube dot com slash boom bust our team will see again next time we go. desperate for a single purpose. they have

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