Skip to main content

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

1:30 pm
boy a challenge for the open wound. only. good idea in case you missed it trump and kim aren't going to meet the north korean leader says washington will be in the fight of a thousands case you missed it and kim finally agreed to meet they've officially booked a romantic suite at singapore's raffles harry tell case you missed it trungpa has stormed out of a summit with the north korean leader it's reported he misunderstood the briefing telling him he'd be meeting someone called kim in a singapore hotel. the u.s. north korean summit was being debated kim jong un met with russia's foreign minister now reacting to the news of that meeting trump an issue he said that he didn't like it but added that he was willing to change his mind if something positive came out of it create affairs experts we contacted say the united states doesn't want to be sidelined in the peace process if you give this president
1:31 pm
a branding run like call it that snooty b.p. the trump peace plan you're going to have a situation where this president's going to be excited because the legacy issue he could really use right now and he wants to do what no president in the u.s. has ever done before the u.s. wants to demonstrate leadership in this area and not be left on the sidelines so it's an opportunity to work and if you believe the other countries take the lead in the u.s. becomes the side player in peace then you lose the. doesn't understand anything beyond the fact that this could be a good photo op and possibly a boon for his ratings the u.s. has never taken north korea very seriously i mean the idea of the greatest military power in the world sitting down with a country that they've already always considered impoverished and backward i think is and that's to many people in washington the united states wants supremacy
1:32 pm
against china in the region and it wants to maintain its troops in korea as close to china as possible and that has really been a big factor in prolong the conflict in korea the message that kim jong un is that you know he's meeting with lavrov he's meeting with xi jinping. signals to trump you know i have friends in the region and you're the one that is isolating yourself by pulling out these international agreements and so you know i'll be fine with or without you. next four cents that's the final amount of florida jury eventually awarded the family of a black man fatally shot by police officers he was killed in his garage four years ago while officers were investigating a complaint about loud music they awarded the family a dollar for funeral expenses and a dollar for each of his three children that's because the jury established that the officer involved in the shooting was just slightly negligent hearing also found
1:33 pm
that the officer was only one percent of the fold of death so the compensation was reduced to just four cents now it was also established that the fatally shot mom was intoxicated so that could still be reduced to zero this is gregory hill father of three who was fatally shot three times through a garage door by police in twenty fourteen police claim he was holding a gun which was later found to be unloaded now the family's lawyer says it's a senseless case of police misconduct. we were in shock as lawyers because i've never seen or heard anything like this we're not supposed to be punished like that his fiance walked out of the courtroom when it happened you have to tell three children destiny. and gregory the third their pain and suffering their loss of a father is only worth a penny it's just a proposed story of law enforcement gone wrong that here you have
1:34 pm
a dead man laying there and police think he's barricaded in his listening to loud music that had the ford in it ok and that's what police came to see. to investigate and it's not even illegal it's it's something that police knock on your door and generally tell you to turn it down the family have launched a crowdfunding campaign to raise money for the children and the three days that page has been up they've got over forty thousand dollars almost halfway to that target the lawyers say they'll continue the battle for justice one hundred percent goes to the children in the rehabilitation of their family home because it was also destroyed by tear gas we don't understand ninety nine percent and one percent in america your we have a second amendment you know some people love it some people hate it but you're legally allowed to possess a firearm and you're legally allowed to open the door with a firearm and we're going to take it all the way to the u.s. supreme court if we have to it's that important because it's
1:35 pm
a precedent of law enforcement if you're doing nothing illegal shouldn't be able to shoot you through your closed your closed garage door it's preposterous. crucifixes now have to be on show in all public buildings in one state i'll tell you why after the break. join me every thursday on the alex simon chill and i'll be speaking to us from the world of politics sports business i'm show business i'll see you than.
1:36 pm
in. many european countries seven didn't come to believe that we shed should get out of the sunshine then come to some in the festivities. box let's be honest and. do the see the sign of the season on the sea shore. has to come from. those. we need you tonight but you'll keep three rules. welcome back in germany the controversial new law in the southern state of bavaria now obliges the crucifixes are displayed at the entrances of all public buildings here's our europe correspondent peter all ever. clearly visible crosses are to go
1:37 pm
up in some public buildings like courthouses police stations and city halls like this one here in bavaria it's also a new law regarding crucifixes came into effect on the first of june the plan comes courtesy of a ferry is a new president marcus and his reasoning is that this is supposed to reinforce bavarian identity in the face of large scale gratian given by and signal a signal of filth assurance and bavaria we want to state our western christian culture and that is why clearly we don't get rid of crosses but hang them up this is not an attack on others but only a cultural symbol which we especially appreciate in the various public opinion shows that almost sixty percent of bavarians actually support the move but when we spoke to people on the streets of nuremberg opinion was more finely balanced i don't think it's a good idea. because it has nothing to do with security the government to separate
1:38 pm
them to church so why should we do the same i don't think it's a good idea it's correct because it's our tradition and why not i comment on the one hand we see people wanting to ban the headscarf on the other they're forcing people to shoulder cross that seems the dots to me and. i don't think are very an identity depends on the process it is stronger in other ways beer gardens and local traditions it's an elite knowing gone it's gone that was the cross spot of every day life for us but we respect every phrase not just christianity the bavarian president became the target of more than a few online jokes when he announced this idea however those who are charged with actually hanging crucifixes in public buildings while they are on side with the plan. this is not a defensive reaction but a positive reinforcement of our culture. it does not hurt to point out where our
1:39 pm
roots are on this cross is a symbol not only for christians but for people living in bavaria. but critics say that this goes against germany's constitutional separation of church and state and say they want to change the law it's a totally wrong decision of the berrien government because it's a variant citizen you can be a muslim you can be a tool you can be non-religious you can be an atheist humanist for example and all those people show no look to the cross and why instead we have a strong tradition arm off a separation of church and state there has to be clarified whether this mixing up. of a religious symbol with the security or rooms of a secular state is really compatible with our very own constitution there hasn't been any mad rush to hang crucifixes in buildings like the city hall in nuremberg
1:40 pm
just behind me here the law didn't come with any deadline and it's also widely expected to be challenged in germany's highest court it's some point in the future peter all of a r.t. of area. the syrian army has routed the last pockets of terrorists south of the capital damascus and civilians are heading back to the newly liberated cities some are going to come to terms with their lives after the war while others are searching for loved ones who went missing during the conflict. he fought in the middle east supporting the syrian army there were twenty two soldiers in his assault team they went into attack on april twenty second they group came here but they got ambushed and captured. that's the nice i still terrorists called me from
1:41 pm
a czars and told me they killed they sent me photos i took a picture of this thing on may first sent me this picture and then this one this is mayes are his body. that's masers jacket they were captured all of a sudden from the ambush they shot him in the back here's one shot well here's the other. video and they will to grow looking very spotty every day we come here every day we will find him we will. next germany's foreign intelligence service the b. and d. is now officially allowed to monitor internet hubs if it's for strategic security interests and want a federal case against lead to kicks exchange which would accuse the b.n.p.
1:42 pm
of illegally collecting data about internet exchange claims it's the world's largest in terms of peak traffic with headquarters in germany it operates ten more hubs in different countries it handles data from europe china russia the middle east and america however with special devices the b. and d. can get unfiltered and full copies of information in the system. we have grave doubts about the legality of the current practice we consider ourselves under obligation to our customers to work towards the situation in which to achieve of their telecommunications only takes place in a legal manner crissy data protection is one of the most important aspects and security agency is able to catch all data from the so called suits security agency can. call out data in a mess of way it's not only data or of single persons or due to one single
1:43 pm
aspect there is no restriction to kicks in the bay and they have gone head to head before revelations in two thousand and thirteen from n.s.a. whistleblower edward snowden exposed how the german intelligence service and share data with the american agency at the time it was said that the information was filtered to the german citizens data was not included but the internet exchange insisted back then that it wasn't possible to be that selective has martin dr again . so there is no restriction due to sharing this state and there is little for exam a parliamentary control there had been some cases already where teacher had been a huge amount had been transferred. from b.m.g. to n.s.a. and so it's not just because of nothing but it's because of presidents cases though the and it's not the best reputation anyway and been sharing with the n.s.a. that been a standard it's not a good signal to let there be unity. state of from
1:44 pm
six lot. and that's the way it looks for now thanks very much for watching my name's colin bright i'll have your party international world news again in just obama. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race based on often spearing dramatic development
1:45 pm
only mostly i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. who'll be the next to get the treatment that greece got from the troika the i.m.f. the e.c.b. the they gang up they destroy a country. for profit it's a it's a smash and grab and greece was destroyed they had a referendum and then they didn't pay any attention to the referendum they didn't want the troika road and look what happened in greece it turned it into a pit it turned into a shell it turned into garbage and now the same bankers are getting together because they need a like a shark always something to destroy to eat consume so we were trying to figure out would it only be next for spain and i think where the two likely candidates so i guess as we've been saying that for five years that this was coming and i guess
1:46 pm
down italy will be the next meal for the i'm. pretty sure. this is boom bust broadcasting around the world from right here in washington d.c. i'm part children thank you for joining us coming up today we have some great guest standing by to talk trade care of sanctions economics in a heck of a lot more but we start with the u.s. bureau of labor statistics jobs report for me just out today the actual number of jobs created was two hundred twenty three thousand media columnist projections one hundred ninety thousand jobs created and there's new an annuity eighteen year low of three point eight percent for the unemployment wage rate and the wage and growth
1:47 pm
increase modestly at two point seven percent that's about eight cents per hour increase plus the march and april numbers were revised upward by a combined total of fifteen thousand jobs the unemployment numbers are a key but just one data set of positive economic news in recent months although for some concerns over the continuing trade war have cast a shadow over the future economic outlook. and here to dig deeper into those numbers is our friend danielle de martino both the founder of money strong and author of fed up an insider's take on why the federal reserve is bad for america danielle thank you as always for joining us this is a pretty positive jobs report two hundred twenty three thousand in a three point eight percent rate which hasn't been this low since bill clinton was president and before that the lowest rate was all way back in sixty nine act that's when the beatles released come together i remember is the jobs report a pretty decent indicator of adoring strength in the labor market do you think then
1:48 pm
you know. well actually bart i would be careful with using the word and during here we are at the very very late stages of this current economic cycle employers are having a very hard time sourcing workers and as a result we've seen one of the largest waves in the history of the country and merger and acquisition activity these are the things that typically happen towards the late stage of an economic expansion and part of it again is due to the fact that there is a need for workers we have an eighteen year low in terms of that of a mismatch in between what employers need and the warm bodies that they can get their hands on and as a result we're starting to see companies merge come together so that they can find ways to cut costs and meet fewer over need fewer employees to begin with as an aside i want to get right back to the jobs report and dig a little deeper into that but you know we always talk about interest rates and the
1:49 pm
fed's going to be meeting in a couple weeks or less than a couple of weeks actually but you know this jobless rate is the level they forecast it to be by the end of this year we already hit it so it is it that essentially pave the way for another interest rate in increase. you know you bring up the most valid point that came out of today's jobs figures part and that is that we will for sure on june thirteenth we will see another rate hike there was obviously a lot of turmoil out off u.s. shores this week in italy and spain today and by the middle of the week before this report came out the market started to price away price away this september rate increase after today's strong numbers especially those strong wage increase numbers that we saw an average hourly earnings the market began to reprice back in that rate hike in september so that is the key takeaway i think from today's report very
1:50 pm
good point what are some of the things as we do look a little bit deeper into the report that stick out to you any particular sectors of growth or decline that interested you. well again manufacturing construction trucking these these are just these industries are roaring but one asterix that i would put on the report is that retail specifically department stores very strange job creation was three times what the norm would be for the month so that really did raise an eyebrow and in fact revisions to prior months upward came from the retail sector now look we know that sears is every cent they announce are closing their seventy two stores so there was some quirkiness that i have to wonder if the statisticians there in d.c. with you bark have things a little bit off because those retail numbers really did stick at stick out to me as being off but not in
1:51 pm
a good way. the never count on me thing out of washington they always mess up hey before we go down you know i want to ask you a little bit about the volcker rule you know the fed they've been busy they proposed some scaling back of the volcker rule of course set up as part of the wall street reform and consumer protection act as a way to get speculation away from a large investment bank so what's your take on the proposal. well i think it opens the door and my only concern is that there were other things that they could have done to help mom and pop investors some things that that dodd frank imposed upon banks that really will make make especially fixed income investors much worse off in the next downturn i don't think that they needed to open the door for banks to hedge their portfolios because all you need to do to do is open the door a teeny bit and wall street will jump in and make it into a chasm and that's my only concern really about what the the language that was introduced this week it's not that banks are allowed in words to put to trade their
1:52 pm
own books but again the new verbiage allows them to paint hedging any way there any any way they want so i think as far as wall street is concerned they're back in business i could agree with you more boy you would be a good regulator you'd be a great federal reserve governor daniele de martino both the founder of money strong author of thank you daniel. japan's softbank is playing to make a big investment in the future of driverless cars it was announced on yesterday that softbank vision fund will invest two point two five billion dollars in g.m. crews holding and that's the driverless car unit of the u.s. automaker general motors g.m. will contribute one point one billion dollars of its own capital g.m. stock rose thirteen percent on the news and also yesterday google self driving car
1:53 pm
spin off whammo agreed to buy sixty two thousand feet chrysler minivans for right hailing service that could be in business before the end of the year many alan the analyst took the big investments from established players as a sign that the business of driverless cars may be moving from the realm of theory to commercial viability at the same time many technical challenge challenges remain and setbacks such as the recent death of a woman in arizona killed by an uber test car might hamper driverless technologies going forward. earlier this week the u.s. commerce secretary wilbur ross ruled out the permanent tariff exemptions the e.u. had demanded as a condition for full trade talks boss ross's boss president trump has repeatedly complained of a trade imbalance with europe canada mexico and the e.u.
1:54 pm
all announced plans to retaliate with tariffs on u.s. products canadian prime minister justin trudeau via twitter called the u.s. actions unacceptable and promised a dollar for dollar retaliation on u.s. products mr trudeau also said canada will challenge the terrorists both at the w t o the world trade organization and under chapter twenty of the north american free trade agreement nafta mexico for their part said the tariff targets include u.s. pork cheese lamps and steel the e.u. for its part target a list of products chosen to create maximum political pain for president donald trump and its allies in congress who trade commissioner cecilia mouth from while taking pains that signal and signaling more regret than anger called the u.s. tariff illegal and said that she will file a dispute settlement case with the w t o in a note of defiance ms mouse from quipped quote when they say american first we say europe united. and now we move to economic sanctions
1:55 pm
a very easy transition there's a lot of conversation about sanctions including on this broadcast but perhaps not enough time is spent considering the effectiveness of sanctions and here to help us do so is international lawyer an analyst in wilkie and thank you so much for being with us it's a pleasure to have you here give us all the busters sort of a hundred thousand foot view first of all on have sanctions overall been affected but not just for the u.s. but have these things really changed policies and people in governments just by way of introduction thank you for having me this is my first appearance on the great and i love i think the more americans that have a pro-american patriotic military background such as yours truly on our t.v. explain the position from the perspective of the united states and from the perspective of patriotic americans the better particularly in times like today when we've got quite a lot of discord going on between russia and the united states couldn't agree more
1:56 pm
with you more dialogue the better no sanctions have been around really since the the greeks in the romans were trying to influence the behavior of the philistines and the greeks and the romans. attempted to a million rate these conditions through economic policy penalties and you know that both those empires collapsed so the history started off not great the history of sanctions has always been as a prelude to armed forces meeting on the battlefield but when we when we look at more recent times i mean you know particularly like sanctions with regard to south africa and apartheid that seemed to work are there examples of where it really has worked or are they few and far between south africa's a unique case because the world really came together there and sanctions are only as good as the amount of unity amongst the parties imposing sanctions on the sanction party and in two examples i would say in south africa you had a unity and consistency of approach and you also had it with iran so prior to the
1:57 pm
formulation of the j c.p.o. way you had the europeans the united states and others all jointly sanctioning iran and bringing them to the bargaining table that that country example works in my view whereas pakistan did not pakistan on the other hand was under a very similar heavy duty sanctions regime and managed with the assistance of our russian and chinese friends to do an end run around those same sanctions that were devised precisely for the the eventuality that came to pass in pakistan wherein they got a functioning nuclear device in the i.c.b.m. so throated india before we run out of time let me ask you about u.s. sanctions on russia. because those seem to have worked with regard specifically to one particular all of bark and roussel the second largest aluminum producer sanctions on individuals seems to have some impact here what do you how do
1:58 pm
you think they're working out so far i think generally if there's individual culpability by by a single person a sanction against a single person makes sense it. there was a russian government decision save use of the events in syria or ukraine then a sanction against an individual russian unless they were individually culpable specific to that incident that you're sanctioning for then you get the apples and oranges problem and you're comparing two things that don't really compare well we've got way too much talk about we're out of time now but it was so great to have you and i hope you'll come back we'll discuss this in the future and other things it will keep international lawyer and analyst thank you sir. time now for a brief pause but hang here because when we return we'll take a little tour of some country spacing serious and significant economic trouble with
1:59 pm
noted and honest author mike weisbrod and before we go i'll fill you in on a weird but certainly troublesome circumstance about the release of those jobs report numbers earlier today that sensitive data and someone violated the law with an early release morning as we go to break here are the numbers at the closing bell will be right back. in july twenty seventh on an attempt a freelance journalist working with a. militant shelling in syria. his sacrifice quality has established
2:00 pm
a memorial they will recognize the reporters who often risk to say could the truth comes through that. you can submit to your published works in a video. or written form until june the twelfth total don't r.t. dot com. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics or business i'm showbusiness i'll see than. fifty years ago britain and within two cons are gone as a sleeping pill and thus this is what i believe because our test does what it said this the side effects were terrible but not on known as shown in dodge central board one more day here not the war then will come up across europe victims are starting legal.

27 Views

info Stream Only

Uploaded by TV Archive on