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tv   Boom Bust  RT  May 5, 2018 1:30pm-2:01pm EDT

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the law enforcement agencies from the united states approaching people in afghanistan including mr khan and requesting assistance and assigned to stand it payments made services requests from my client and but now come as free no criminal charges no trial and no explanation why now at this point perhaps we can assume that the law enforcement agencies know what's best for the public and just don't feel a need to share their secret collaboration with the worst of the underworld kept secret so you can sleep better at night cable mop and arty new york or t. house request the comment from the us federal bureau of prisons concerning counts release we'll update you when we hear a response. they want green area close to the french capital is no under tons of illegal waste but clearing up the problem is proving difficult for the authorities on the even more frustrating for the locals.
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let me know how concrete blocks would in place you had to drag a little east checkups maybe i would remind you all of that lamp is private
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property republic authorities cannot interfere with a private company. for disease and we vote for politicians to do the job so they protect the land today though we can say they protect. my. associates today marks the two hundredth birthday of or known philosopher and economist karl marx for better or worse his profound idea has impacted on shape the
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global political landscape and remain as divisive today as they did during his lifetime our europe correspondent peter all of a report on the eve of celebrations in germany. germany is commemorating one of its most famous and controversial think it is saturday is the two hundredth anniversary of the birth of the author of the communist manifesto karl marx to say that his ideas of class struggle and the overthrow of the ruling classes by the workers were and remain divisive here well that is beyond understatement marx's ideas were truly at the root of the ideological division between east and west germany post world war two but that's not stopping his place of birth tree in the south west from hosting a series of events to mark his big birthday bash. it
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surprised many when it was announced that the guest of honor at the big party in trio would be sean claude younker the e.u. commission president hardly house proletariats credentials in fact the former prime minister of luxembourg has been accused in the past of exuding the worst excesses of the bush was he so perhaps mr young has been a closeted calm rate of marx all these years marxist con marx is not responsible for all the atrocities carried out by his followers his writings does capital and the communist manifesto change the world as we know it so marx's name an image has
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appeared all over the place from a major street here in the german capital for this t. shirt you can even save your capitalist penny inside the head of one of communisms founding think is marx is also appeared in more than east. share of t.v. shows on the advertisements as well. oh come on now have sweetie a dad from mars scientists are calling the list. to . get.
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the ideas put forward by moxy alongside frederick angles haven't been consigned to the nineteenth hole for that matter the twentieth centuries a recent poll of people from twenty eight different nations showed that hall for them said to get a better society we should follow socialist ideals however it is worth noting that in the same poll around the same number said that political system is based on the writings of these two were far more likely to be oppressive i asked the people of what they thought those mosques have a place in today's society and politics so when it comes to politics like maybe you use it to get votes but it's now very early like that ideology and it has never been practiced so it doesn't exist and not only like about. economic inequalities but also other types of inequalities that could be used like they
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could use marxist theory to to be examined more in today's culture capitalism. seals labor from people or from the workers. from from our point of view. it's still important to you that my idea is good but it's not a utopia in reality things and differently at marx's funeral in london in one thousand eight hundred three angles said his friend the greatest living thinker has ceased to think well that may well have been but two hundred years after his birth the ideas put forward by marx continue to inspire others to think peter all of a. lot of other great thinker of her age philosophers love to talk to us about karl marx's popularity as a cult figure idol. all heroes but heroes this fame is very ambiguous you become a cult figure out
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a weak means people don't really starve you don't really review and so on and so on marx to prevent. not only doesn't take marx seriously but also avoid confronting what these problematic in marks his description of the movement of a global copied over the growing between the. so when i told you to many but the context is totally different he was. and i know we're wrong way. we're back with more news this sunday afternoon in ninety seconds time.
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the global economy is so tightly wound that these sanctions don't work but that is because the supply chains are completely overlapping the what is sanction in one country drives economic problems of another country that you're not trying to sanction so forget sanctions or spell longer workable that the global economy has to come to integrate and too fragile it's too. interdependent. by two things by his emotion and he is. in the long placing a very long lead he says so to speak of. long distance rather than politics and that's the way they underestimate.
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your back with r.t.e. international worrying the closer adopting the traditions of another culture is no often seen more as offensive than flattering especially if reactions on social media are anything to go by one recent case of a cultural appropriation wash targeting a teenager who posted a photo of herself in a chinese dress parties online series in case you missed it got to grips with what's going to. a young. oh you are. a young girl just enjoying high school prom no thank goodness you missed this picture is the moment that civilization went just too far. cultural appropriation or appreciating
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stuff from other cultures may seem like a completely made up problem the kind of thing it's not worth. but only really going to believe that innocent young traditional chinese dress just so she could look nice when i'm angry guy on twitter who had never met a teenager and probably shouldn't be looking at strangers social media feeds her cross when he said my culture is no no goddamn problem for us but mr angry is a chinese american named jeremy lamb who one would expect would know a thing or two about mixing culture is if we don't all pretend to be outraged right now where we're like as he is of this world stop we will start to eat chinese food as if it a new thing when they start using goods made in china in everyday life china's culture is not your god damn i say what about indian children a attitude from the simpsons he's going under the radar for thirty years but is now
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finally being criticized by one guy who can't just take someone from another culture and affectionately turn them into a much loved bond of the most successful show of all time groundskeeper willie scotland how are they getting away with that so how do we stop this before we end up in the nightmare scenario where different cultures learn about appreciate and accept one another start with your half say no to inappropriate appropriated styles cut it all off shore boldness risk ernest's but what are they going to do. like your grandma speaks snoop dogg's grandma front you dress. it's just not worth the risk yeah you gotta stop it if you know india and you stole it i'm gonna have democracy and elections and stuff like that tough the greeks want it back hyping it computes that's russia's back off calm right really there's only one option that will make us happy thank god
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a culture has build walls and stop sharing ideas or just drink a cappuccino in a camaro and see if that can take it. let's turn our attention to the mideast where the pentagon has admitted that u.s. soldiers are directly helping saudi arabia protect its border with yemen that's after u.s. officials had said their militaries role was limited to sharing intel on refuting saudi or. the relationship between the u.s. and saudi arabia. you're hoping security or. service. but do support the saudi led coalition with intelligence your military advice and logistical support the priority is the fight against al qaeda in the arabian peninsula and isis in yemen the extent of our
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support is refueling and sharing intel samir a cow now reports on the pentagon's mixed messages concerning its rule in the yemen conflict. this latest development contradicts the pentagon statements that indicated that u.s. military assistance to the saudis in yemen was limited to intelligence logistics and aircraft refueling but so far what we do know is that a team of a few green berets apparently arrived on the south of the u. many border sometime last year and according to the pentagon they've only been there to protect the border however reports suggest that they've been helping them destroy people istic missile launch sites and it's worth mentioning that even though this war has been going on for a few years saudi arabia hasn't been successful in quelling the who is the resistance so it's fair to say that maybe u.s. involvement will help the saudis do just that but they say the saudi onslaught the conflict in yemen has morphed into the world's worst humanitarian crisis and there's been some domestic backlash here in the u.s. and american politicians have been pushing to and u.s.
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support for the saudis but this latest development might lead to a messy legal battle given that there was no public debate on whether the u.s. should get involved because it seemed as if it was consciously kept from the public so i honestly wonder how americans will feel knowing that their government could be indirectly fueling the world's worst humanitarian crisis and that includes american politicians who were questioning washington's indirect role in the conflict even though there was no direct military support so it'll be interesting to see how they react to this. opposition activists have been rallying in dozens of cities across russia the demonstrations are being held ahead of them are putin's presidential inauguration on monday in moscow this is what we're seeing now live pictures from the capital hundreds of demonstrators gathered in the city center defying the warning from the authorities opposition activists earlier turned done a venue proposed by the city opposition movement leader election of. being detained
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at the demonstration you know moving away from moscow to run. in the siberian city if you could skate stall thought a rest have been made in other cities such as the give us talk and hopper offs in russia's far east protesters reached a compromise with the authorities but rallies going ahead without reported instance so just to clarify what you're seeing now are live pictures from the center of moscow for crowds of turn dots for the opposition protesters seeing quite a lot of opposition figureheads as well there in the cry it's a lot of riot police too so we'll keep abreast of that situation through the coming hours here on our international we've also got a correspondent on the scene getting ready in place but that's it for now you're watching r.t. international i'm back in thirty minutes time stay with the program. for
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a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of what was done but there was one more question and by the way who's going to be our coach. guys i know you are nervous is
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a huge star among us and the huge amount of pressure scaramouche you have to go meet the center of the digital with you and we'll show you a great game the greatest. you are the rock at the back nobody gets past you we need you to get the ball going let's go. a low as i want you know and i'm really happy to join the team for the two thousand and fifteen world cup in russia meet the special one come on south appreciate me to just say to redo the aussie team so they just addition make it up as we go so i need to just say look. this is a boom bust broadcasting all around the world i'm bart chilton coming up today
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a former colleague of mine jenny lead who worked as an enforcement attorney at the consumer financial protection bureau joins us what's being done at the c.s. t.v. which is being run by a fellow who opposed its very existence plus there are national security concerns at a busy u.s. court r.t. correspondent mathias a sweet report and after the break the april jobs report is out from a commerce department and we have an impressive panel on tap to dig into the numbers all of that ahead but first let's hit a few headlines. the former chief executive officer of bolt's wagon ag has been charged with fraud by u.s. prosecutors justice department prosecutors allege that martin winter court approved plans to conceal the installation on diesel engines of so-called defeat devices those are illegal software that kept emissions artificially low during tests the grand jury indictment and detroit's federal district court was unsealed just hours
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after the end of the annual shareholders meeting in berlin the deception involved wagon was revealed in september of twenty fifteen resulting in a global scandal payment of fines and civil damage payments totaling twenty six billion dollars and last year a corporate guilty plea by both wagon on charges of conspiring to violate the flagship u.s. air quality law the clean air act what your current personal legal troubles could have a heavy implications for a volkswagen which is still efficient which they still officially blame the emissions deception on only low level engineers winterkorn is now the six and highest ranking v.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come clean about executive wrongdoing and are seeking ten billion dollars in damages from the carmaker. amazon is getting rough with elected officials in their hometown of
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seattle the seattle city council is considering a seventy five million dollars plan to increase the supply of affordable housing in the city and a tax on major local importers a so-called head tax to finance it five of the nine council members have now co-sponsored or expressed support for the bill arguing that the influx of high wage jobs has also pushed up rents and home prices seattle has been declared a state of emergency on almost this for two years now amazon the largest local employer has responded by announcing that they will suspend all current building projects in the city. ending the outcome of the city council vote on the affordable housing measure social council member show must someone accuse amazon of blackmail amazon recently announced a one point six billion dollars and quarterly profits and c.e.o. jeff bezos is the world's richest man with an estimated fortune of over one hundred billion dollars. another labor action by us teachers has ended with the
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teachers declaring victory teachers the state of arizona returned to work today after a six day walkout compelled which compelled governor doug doocy to sign a bill that would finance a twenty percent raise for teachers by twenty twenty an additional investment of one hundred thirty eight million dollars in education spending while the settlement fell somewhat short of the teacher's full list of demand which included an immediate twenty percent pay raise and a rollback of recent education cuts the leaders of the arizona education and say they will redirect their members energy toward voter approval of a ballot referendum on an income tax increase for educational funding in the november election. i cannot tell you how pleased i am that we're going to turn to the consumer financial protection bureau the c.f.p. b. and that's because
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a former colleague of mine is with us now that that agency is being run by congress former congressman mick mulvaney who is also president trump's o.m.b. office of management and budget director who is doing double duty as he heads a c.f. p.b. and o.m.b. and interestingly as a congressman mr mulvaney actually opposed the creation of the agencies and to some he has before done the radical agenda to scale back consumer protection or to get discreet scoop right now with jenny lee was a partner at the law firm of dorsey and whitney boy am i pleased to have you here thank you so much for doing that thanks so much for having me. ok so is it the case the enforcement is being stopped the nothing's going on right now that's what some would contend you know you've been there you were an important attorney there that's correct it's a great question i'm glad you asked well the fact of the matter is even though there is a lot of extraordinary news coverage and press reporting on the bureau the c.f.p.
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the fact is that enforcement is alive and well so the horsemen attorneys they're still doing i mean they've got a law they've got regulations are supposed to do it now you know you've been i both worked at a regulatory agency and when you're there when you're there you do take some direction from either the chair or the director in the case of the c p b what sorts of things can they do to actually govern either enforcement or regulations at sea of people specifically yeah absolutely well yes i used to work in the bureau's office of enforcement and after mulvaney was appointed last november the thanksgiving weekend i was very interested to know because i still have that intellectual curiosity as a former investigator let's see what the court dockets say and let's see what the proof in the pudding which show and the fact of the matter is that there are an extraordinary large number of cases so
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a hundred fifty plus maybe two hundred nonpublic and public and for some actions twenty plus litigate matter or some of these sort of residual from before the thanksgiving weekend these would be the status quo point in snapshot today so those that accumulated under director courtrai his tenure as well so if we say going forward you know if either after thanksgiving or just take calendar year twenty eighteen do we have a bunch of nude foresman actions since then actually what's really interesting when i review the court dockets in my line of work cases. all over the country there is a lot of enforcement activity and we can talk about those as well but what's pretty interesting is this dichotomy between how moving is describing the new direction of the bureau which is really aspirational in terms of future hopes of change versus what's actually going on in the court dockets well i mean it might be aspirational for him jenny but i mean if you know his testimony was
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a couple of weeks ago i thought set a pretty low bar he said i'm there almost every day boy if i could almost be here every day i think they'd fire be pretty quickly and then the other thing is he said as i haven't burned the place down that bar is below the ground it's so low so his aspiration seems to be talking about putting companies and we all need we need companies companies our economy but i think it seemed to me like he's prying to put companies back into consumer financial protection bureau i mean it was consumer not company financial protection bureau now as you know he's going to be a balancing act how does he do that how does he not just say we're going to scrap the things that mr cordray put in place and go in sort of a different direction the key to how he can do that would be to have legislative change because the bureau really can cannot be understood without looking at its
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blueprint its mandate which is the dot frank at title ten and many of the changes that director mulvaney is proposing are pretty provocative but they can't be done or implemented alone they require an act if you don't change legislation you could at the the we like to say that the the legislation is the skeleton and the rules of the regulations of c.f.b. or my old agency are the flesh and bones or the fact that the flash than you've flushed these things out ok so companies and individuals shouldn't say hey the c. of p.b. is asleep at the switch. which we can get away with doing things that may not be appropriate they still need to be mindful about what's going on right absolutely the best thing for companies that approach the c p b should know and understand is that you need to cut through the political white noise that's going in both directions and look at the actions of the agency what is it actually doing and it's important to have a cold sort of sober and clear eyed picture of the bureau enforcement supervision
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program which is alive and well ok and we did see it was sort of interesting we were talking earlier that we covered the. the wells fargo settlement but i don't know three or four days before that we were doing a headline about how mr mobility was sort of not moving forward on on the enforcement actions and then they had this big settlement with wells fargo which was in tandem with the office of the comptroller of the current currency so to your point there are still some actions going on out there jenny what do you think companies should be looking forward and what should we be looking forward as observers of this in the next i don't know month or so couple a couple months perhaps yes i think that what we need to look at as we move ahead is the pattern that the mulvaney led bureau has shown so far and even to your point before the wells matter there were several enforcement actions that were alive and
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well there was a ninth circuit appeal on a payday matter that the bureau filed under the mulvaney led staff there was a fifth circuit appeal and all american check there was a district of montana action and payday that was an amended complaint and think finance so there is a lot of activity but it's not necessarily being highlighted by the bureau's press office at the moment well maybe they want to act like they're not on the side of consumers i don't i don't really i cannot figure out this matrix yet but it sure different than anything i've seen recently i can't thank you enough for. being with us it sure is nice of you jenny lee thank you so much a case of a shame having me. a u.s. national security review has raised concerns about a trainee state run conglomerate taking control of the massive container terminal
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in long beach california or to correspond and touch the sweet reports the port of los angeles and long beach combined make up the largest ports of the western hemisphere after a u.s. national security revealed officials are questioning a deal that would give a chinese state run shipping company control over one of the larger terminals here china's state run prosecutors takeover of its competitor oriented overseas international was announced back in july they were both six point three billion buyout with grant pasko what was formally orient overseas international's long term concession to operate part of long beach is port facility however the dude is being looked into by the committee on foreign investment in the us by way of national security grounds costco's vice chairman said it was likely to get done deal by june but this still comes at a contentious time regarding trade between the u.s. and china both leaders president trump and she's even paying are threatening to impose new tariffs on both sides of the pacific regardless this takeover of a.

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