one does not leave the funeral on the same as one enters the mind it's consumed with this one to. speak because every now and then takers. claimed that mainstream media has not make. money. this is going bust broadcasting around the world from washington d c i'm bart chilton coming up today we'll talk artificial intelligence and investing with the c.e.o. of rebellion research alexander weiss this is going to be good plus actually banks takes a look at we were the shared and unconventional workplaces that startups and entrepreneur are using and is the debt burden on millennial is just too much to take we'll talk

student loan debt and the impact with just one garcia the president of the united states student association who joins us here live in studio and alex behala bitch when i talk about drugs well specifically drug maker prospects and the cost of drugs and a bit about the war on opioids we're packed tighter than a drum outside the white house this afternoon let's have some fun first to some headlines. five thousand pilots jet blue have voted to unionize choosing the airline pilots association or a lp a as their collective bargaining unit the third time was the charm for the pilots who were defeated by management in two previous attempts at union representation since two thousand and nine they joined fifty thousand pilots represented by p.a. at delta and united the boat was roughly two to one in favor with just over four thousand ballots cast from the forty seven hundred eligible pilots l.p.s. says that while they start forming committees to. go shape the airlines first

collective bargaining agreement their newest members are immediately entitled to union medical advisors and insurance benefits. and other labor news workers supply is getting so tight in the rail sector that competitors union pacific that can be n.s.f. railway are both offering hiring bonuses as high as twenty five thousand dollars all my heart of brassica based union pacific is offering signing bonuses up to fifteen thousand dollars for diesel mechanics twenty thousand for members of the train crew and twenty five thousand for diesel electricians according to the lincoln star lincoln journal star aspiring diesel electricians can get ten thousand dollars for joining the apprenticeship for that position the wall street journal says that union pacific and b. n.s.f. planned to hire a total of four thousand new workers this year to help them ease congestion while the rail system is seeing increased demand. the european commission vice president

for digital issues andras and is pushing again for a so-called cookie law to protect privacy online in an interview with london's financial times ansip said there is a clear public demand for rules on the confidentiality of communications and to ignore it from politicians is pretty dangerous and subsided support above ninety percent among citizens for action on the issue the commission has proposed regulations on privacy to e.u. member states to supplement the existing general data protection regulation set to a take effect in may the new proposal would require advertisers and senders of e-mails to expose explicitly seek consent before internet users are used with cookies. and you tube says they removed over eight million videos between october and december of last year in their first report on enforcement of community guidelines they say that six point seven million of the eight point three million

banned videos were flagged by machines based on algorithms and never reviewed by an actual human person parent company google has previously said it would hire ten thousand more moderators for the site but those are the folks that are actually trusted flaggers which prioritize compliance from government agencies and some advocacy groups or reports on inappropriate content aimed at children were published in march by wired magazine some users have also complained about arbitrary removals and double standards with regard to some political content. and now we move to artificial intelligence and investing when most of us think about artificial intelligence or ai we think of the movies. to distant future. in an age of intelligent machines. is the true of those who chose programs to love. but more and more is being used by investors not only large institutional investors the pension funds etc but it's average retail

investors who are acquiring alpha and their investing portfolios here discussed as a c.e.o. of rebellion research alexander flies to joins us from our studio in new york alexander thanks for being with us you've been you've been bringing a i am machine learning to asset management for a while and not just to the big boys and girls but to retail investors this might it first sound a little scary to average folks but why is it safe and secure why is that a good place to invest money. first thanks so much for having me on bart good afternoon and i really appreciate you taking the time you know represents an ability for our society to have more quality than we've ever known and so with our algorithms we're able to offer hedge fund beating returns to retail clients in twenty eight countries around the globe with a minimum account of five thousand dollars so we're really trying to take charles

merrill the founder of merrill lynch as idea of wall street to main street to really the next level and we're trying to offer of the best of wall street to all of main street globally now fandor so you know the spooky factor in ai may be overblown but isn't the real benefit of what you do and what others in ai do is just that there's so much data out there that drives markets that for a human to do it is really a tough deal i mean even if they could by the time they analyzed all the things they'd have to analyze it be probably you'd be behind the curve on making a trade is that the just what we do about sixteen million calculations every night when we have to inform on what is about one. and what are you looking at you look and you say all around the country and all around the world . we're looking at fifty four countries as economies you know so we started with the g. eight and you know over the last few years we've expanded as more and more economies

have offered their data online and accessible to our deep learning systems so you know we really are trying to be a robo economist at heart now when you when you talk about that it makes me think that there are times i know some folks who run h f t's and they still like to at some point have some human control are we at the point where really ai is it and the only thing or is there some need for humans in investing oh i think there's some need for humans i mean the needs to be kept in its place the need to be safety guidelines. you know it's been seen that the best chess systems in the world added with just a little bit of human intelligence outperform on average other systems

just a little bit of human intelligence makes one prediction system much better than the others so you really the best is a waiting of robo plus human beings the that the h.s.t. folks i've spoken with like it a n.y.s.e. they say you know there's a time like particularly when things are crazy at the opening of the closed where they really want to look in a trader's eyes to see what's going on we showed that little clip at the beginning of the segment about the you know the boy the ai robot boy who actually loved is there a motion that can be actually built into artificial intelligence trading alexander . that emotion is the hardest thing to build and you know i say we're at the dawn of the dawn of artificial intelligence and when it comes to emotions our technology is still quite where i'll really quite unimpressive that's you know twenty thirty seventy years down the line. so you know we're looking at

being unemotional for a positive angle in that when we see in greece instance in two thousand and nine an economy that's going down despite markets going up and everyone you know pouring money into it are our system will say greece is terrible and will sell everything in greece months before anyone is kind of accepted the data yeah you're a lot of credit alexander for calling met ahead of ahead of most people let me ask you about a couple of circumstances say for example you look at facebook in january of this year or amazon in january of this year and then you look at them now after facebook has all these public relations problems amazon's being tweeted to death by the president theoretically i mean how do you look at that how does that how does a i look at bad in trading. we do well a lot of our data comes from sentiment comes from pricing sentiment it comes from

management sentiment so as the holders of facebook turnover are waiting a facebook will change our weighting of an entire country to change from positive negative in as little as ten days so you know we can be quite dynamic. so what do you see around the corner on ai what's the next big thing alexander. well let me add that in february when we had quite a bit of a sell off our technology sold a number of value stocks at like four stocks and had gotten so sold off they became more favorable so you know is that emotional no but you know it's it's definitely wise and it's definitely very opportunistic. and if there is no fundamental economic follow through on a sell off then the system will deem the sell off as an irrational in an irrational

reaction you know alexander fleiss we appreciate you being with us really interesting stuff we hope you are c.e.o. of rebellion research going to thank you but i bet you already knew i was going to thank you thanks alexander rebellion research dot com. and we work the shared office space company valued at twenty billion plus dollars is seeking to raise money more money this time from debt investors with the sale of we work bonds the pitches to potential investors are reportedly to begin this week over the past seven years we work has raised almost seven billion dollars through various equity investments including that of japan's softbank we work is doing well and on a high as company sales increased more than two times last year to eight hundred eighty six million dollars. have you ever wanted to trade in your business attire for let's say something a little more comfortable or sit on the cultural performing your daily work routine

while you can with the we work we work is an american company that has been providing shared work spaces for eight years the company designs and builds physical and virtual shared spaces and office services for companies who are looking for an unconventional work environment we work is geared towards entrepreneurs' freelancers startups small businesses and large enterprises experts say where you work matters ordinary work spaces do not always in the hands and employees performance mood or efficiency or in britain no managing director at dale office interior says quote creating different workspace environments within one office adds great flexibility having quiet areas collaboration areas and sometimes even game areas can really help employees to perform at their best as about having choice to work in a way that best suits the task on hand and order to enhance employee performance

experts suggest employers should create a space for relaxation for quiet space for private work and best of better technology provide access to natural light and add artwork jenna berman marketing and communications specialist at nation's photo lab says quote it's proven that working in a space surrounded by art work leads to an increase in creativity not to mention if you're meeting with clients and makes your space feel more welcoming and professional the harvard business review finds people who are in co-working spaces thrive better than those who aren't as they see their work as meaningful and feel like they are a part of a community and experts say this way of working could be the future of doing business in washington actually banks are to. spend time now for a quick pause but stick here because when we return it is the debt burden for my. just too much to take discuss with joel and garcia the president of the united

states student association plus alex mahela bitch and i talk about drug maker profits the cost of drugs and the ongoing war on opioids and as we go to break there's been a big sell off today in markets the fifth straight down day for the dow we haven't seen five down days since last march a year ago mark and nasdaq is down for the fourth day in a row and your other numbers will be right back. and is getting international recognition with the help of israel at least in the world of zoos i'm in build a commission to do it like you know. this is my complicity is going up on sunday oh maybe you know john. the only palestinians who gets the most help from his to swim counterparts i don't think there's some of those who

were on the commission didn't know who could do this. and the with the zoloft if not as to how to display any of the muscle that you have i'm going to continue muslims you know do more in the middle sauced them but there's no. welcome back the united kingdom is considering new legislation to require companies to publish what they pay chief executives and compare that pay to the median pay for the rest of the workforce the move is in reaction to recent studies about average wages at u.k. firms which kept secret the largest company salaries of that of chief executive

officers the effort as part of an increased corporate responsibility move which spells out inappropriate business behavior in the continuing wake of the financial crisis corporate boards will also be required to provide proof that they have taken into consideration the pay of c.e.o.'s with that of the shareholders benefit. we have covered the story of a two billion dollar fraud at the point job national bank in india before the fraudster allegedly at the center of the ordeal is indian businessman modi no relation to indian prime minister modi will now that effort to foster increased accountability for big business a new law is to set to confiscate the ass that mr moti who remains on the run from of forty is supposedly in hong kong under the new law an individual must appear in court within thirty days or be subject to having all of his or her properties confiscated and sold by the state. turning back to the americas let's catch up with

mexico mexico and the european union have agreed to the terms of a deal on trade that eliminates nearly all terrorist between mexico and the e.u. mexico agreed to open government procurement to competition from e.u. companies and recognize two hundred forty geographical indications for products such as champagne that must be grown or made in certain places the e.u. in turn will grant greater access to mexican meats tuna orange juice and other products and in related news the mexican peso which swooned. in recent days rallied modestly today on the news about the e.u. trade deal as well as rumors that nafta renegotiation may be announced soon on monday the peso would fall into nearly twenty to the dollar and finally right hailing service a d.d. began operations in mexico on monday starting to win the city of toluca devi famously won the battle with her for the chinese market and the fight now moves to

latin america. the big burden of student debt is a beast for many millennia was in a recent survey by the american student aid assistance program more than fifty percent of younger workers say they are concerned quote all the time about paying off their loans the report also found that close to ninety percent of the respondents would consider committing to working with one employer for five years if they received some assistance in paying off their student loan debts and here to discuss the rough road for millennia old student loan debt and the potential dangers is just on garcia she's the president the united states student association it's good for you to be here that thank you so much i know last time i was in new york and you were down here you did a great job we appreciate you coming back so these numbers are like blowby away the debts gone in two thousand and three two from like two hundred fifty three billion to one point three trillion what in the world is going on right and great to see

again in part yeah i'm exactly like that i look at these numbers and like what happened and there are a lot of factors that are involved and those numbers tell us well one thing as to wishing to wish an is increased at a rate of seven percent every year for the past decades so seventy percent in ten years basically and that's not the only thing we also have other costs that are related to wash and that includes food that includes rent rand is going out and nasa mounts and student homelessness is also a very real thing that is sick. in place other student related fees that include textbooks transportation and so on so all of this is adding to the numbers of student loan debt that we see increasing since two thousand and three so what would be sort of the average loan that folks would take out how long would it take them to pay it probably quicker than i paid mine but how long would it take what would be like the payments what are some of those data details so the average

loan that most that some students take is about. thirty seven thousand dollars is what the cost of twenty sixteen was now that's two years ago so the grades have gone up higher and it takes about ten years to pay off that is what the studies have shown however and your studies are showing that it's actually taking about twenty to twenty five years to actually pay those loans and so when we think about when you're twenty five years basically and the thing is like this is a crisis these aren't just people who are going in there for their education these are people who have families these are people who are trying to create businesses trying to purchase autos trying to purchase homes this isn't just a impacting them it's impacting our entire country and we're in a crisis and people really need to wake up and most importantly our decision makers our education is becoming privatized and there is a disinvestment both on the state and the federal level with our governments which is another reason why that number has gone up to one point three trillion not

million not billion trillion dollars let me ask you we're going to privatization the minute but what is more of the monthly costs what they have to pay we talked about thirty seven thousand dollars. as the. basic loan that the amount so that must be you know three four hundred dollars a month they're paying what's the average salary because i know the average salary nationwide is like fifty seven k. or something for somebody just out of school any idea what the average salary. yeah especially for young adults their average salary is about thirty five thousand dollars so yeah the math has doesn't where it doesn't and that doesn't say anything then about they should be saving for retirement as you say it's going to be you know fifteen to twenty five years before they pay off that it could be a big problem ok let's talk about privatization well actually before we get to that when you talk about private schools you also talk about not just the poor year colleges you talk about the two year colleges i think not enough time is spent

spent upon those the associate degrees the vocational technical assistance. or are there student loans available for those but some of that some of those schools are private schools what impact is that having right now we also within those private schools we have for profit schools and a huge portion of the student debt growth has to do with students who are taken out loans for four from four private institutions and the issue with for profit institutions is that more than often we are seeing that a lot of these institutions they are extremely expensive however their degrees don't amount to the amount of students are paying for i was a student ago shooter was a department of education where we had to debate a lot of these issues with for profit representatives and the reality is that i worked with a lot of students who are friends i was in a position where they can't make those student loan payments and unfortunately it's not because they don't want to their credit scores are going to the plummet but

there is they're in a position where they're set up to fail and that is an unfortunate realities that our country is in and again education is a right we spoke about this last time education should be simple and this country is making it nearly impossible for a lot of our folks to be able to access that right to make it even worse so you're in that dire circumstance and then you're given a free quote unquote credit card and people run up all these additional debts because they don't really have many choices you say it is even increasing number of homeless folks let me ask you to weigh the last question is that what it does pay more if you do get the degree you do get higher wages so you're pretty much stuck you have to do it right right we're in a time where you absolutely need a college degree to get employed i least in employment where you actually will benefit and strive in and the problem is that because of the reality we're in this

is also impacting the most marginalized education is supposed to be the quote unquote great equalizer it's supposed to be a. part of this american dream but black and brown state and students from low income students are first generation just like myself there are multiple obstacles but we need to be uplifting them and centering them because they're the ones who are facing the entire burden in this country well we want to count on you and others to keep up that fight and thank you are we doing it thank you thank you jocelyn joseph garcia of the u.s. students association appreciate you being here thank you. and drug makers have reported their first quarter earnings and their new news related there's new news related to the prices alex mahela that joins us from toronto with more alex hey before we get to drugs there was a terrible tragedy in your town in toronto yesterday were many people were killed and others injured when a van plowed into a crowd of pedestrians on the sidewalk

a bring us up to date on that unfortunate circumstance. that's where the suspect now in question has been named as alec mendacious he's a twenty five year old computer software development student at seneca you know seneca college here in toronto he's been charged with ten counts of first degree murder and thirteen counts of attempted murder so obviously a very serious charges and we've all seen the scene it was absolutely devastating this happened in a north toronto neighborhood lot of condos there and the population there there's a lot of south koreans as well as persians that live in that neighborhood two of the individuals that were killed are actually thousand korean citizens so you know this is something that has touched the whole city as you can imagine toronto is in shock this is not something we see very often or expect in toronto or this country at all and the way things have worked out i mean the tragedy the way it happened itself the people are pouring to the streets there's been vigils as well as the

fact that we've heard from our government leaders and people across the board from just outpouring from around the world but as it stands right now the motive behind the crime is unknown and police are trying to get to the bottom of that horrible circumstance and from everybody here and i'm sure from all the boom busters our thoughts and where appropriate prayers are with everybody and your your colleagues and companions up there ok back to drugs now maybe need some drugs after that alex tell us about what's been going on so far i know all the big drug makers have not reported their q one yet but how are they doing so far. well we really have to look at last year's numbers to get sort of a taste of what's happening this year if you look at last year that actually the profits rose to above four hundred fifty three billion dollars but there was a one point seven percent drop if you look at it in the sense of how the direction it headed towards the end of the year now there is that the makers of pharma the big pharma companies are playing a blame game with the middlemen and the pharmacies basically saying well this is

where is this money going who is making what and why are these a quarter of these supposed savings that are supposed to be happening getting to the consumers and that all falls into one big snowball that when consumers see they're not getting savings this just adds to what's already happening to the pharma industry and that's a lot of bad press with bad press of course people step back from farm as much as they possibly can so people are looking at alternative medicines and we know that there's a big player that came into the market it's happening massively here in canada which is cannabis so when you look at cannabis a lot of people are turning to canada cannabis now instead of what used to be produced by pharma companies be it for an antidepressant be it for pain relief be it for hunger management or to actually increase hunger in people like cancer patients so this is all playing again a part of this game here and of course in the states one big factor has been the opioid crisis which has left a bad taste in a lot of people's mouths in our country and your country absolutely well we're

going to have you back to talk more about that about the price of drugs too as we go forward thank you very much r.t. correspondent alex mahela bitch. and thank you all for watching be sure to catch boom bust on youtube youtube dot com slash boom bust r t we'll see you again. apply for many clubs over the years so i know the game and so i got. the ball isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super manager billionaire owners and spend be true to the twenty million. so it's an experience like nothing else on here because i want to share what i think what i know about the beautiful guy a great chance for. peace.

to two careers are on the verge of signing a peace treaty a donald trump cain jungle and some ideas in the works is peace coming to the korean peninsula well it's possible in the foreign policy blog in the corporatists media are less enthusiastic after all conflict is very business model. load the. little.

the french and american presidents make a show of their friendship as they meet in the oval office although key disagreements remain. the saudi coalition air strike hits a wedding party in yemen killing at least twenty people and injuring dozens more. i'm. a human rights group releases a video from the west bank showing an israeli soldier cheering after shooting a palestinian protester with a rubber bullet. are broadcasting live direct for a citizen.