tv Documentary RT June 5, 2018 6:30pm-7:01pm EDT
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you know this is ridiculous this whole trumpy and everything is fake news on this you declare the narrative as we see it and i think it's pretty clear that they're overwhelmingly demonstrating that the israeli government isn't just trying to defend itself but is actually trying to destroy any idea of palestinian nationalism any idea of the chance that there could be some levels some measure of equality. on this the international is accusing the u.s. led coalition of committing potential war crimes during last year's operation to liberate the syrian city of iraq from islamic state the rights groups there is strong evidence. it's organized partners used in discriminant disproportionate force and that the impact was catastrophic more from this to see a target of this amnesty international report dubbed war of and they have rationed
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devastating tolls on civilians in iraq to syria is a very highly critical analysis of the airstrikes that were carried out by the u.s. led coalition that involved britain and france on the city of raka from june to october twenty seventeen in their fight against isis and this amnesty international report talks of decimated families and neighborhoods says that not enough was done to protect civilians and that some of the attacks resulted in violation of international humanitarian law and indeed talks of potential war crimes as a result of the these strikes the report finds that hundreds of people died and thousands were injured despite the coalition saying they did everything they could to minimize casualties. you know when you're fighting an enemy. uses noncombatants as collateral damage you know it's very difficult when you when you fight it we like to completely avoid. any casualties of war like that but i
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can tell you we have a process that we go through. this to minimize you know civilian casualties that cost the coalition's claims that it's precision air campaigns allowed to bump islamic state out of iraq while causing very few civilian casualties do not stand up to scrutiny on the ground in iraq we witnessed a level of destruction comparable to anything we've seen in decades of covering the impact of wars well amnesty international interviewed one hundred twelve civilians in as many as forty two locations of airstrikes for this report and some of their focus was specifically on four families who had lost very big numbers of family members in these airstrikes they look at one family that lost as many as eight members and one airstrike another lost sixteen another family lost eighteen and a fourth family that lost as many as thirty nine people in those airstrikes and of course while we know the coalition says that in this case as others they did all
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they can to minimize casualties and in these kinds of scenarios according to them this is inevitable according to amnesty international that is just not good enough and they have called for investigations and justice for the victims of those strikes while r.t. was in syria while the u.s. led campaign to liberate rocka was ongoing people who'd been displaced from the city told us about the extent of the devastation and how they'd been affected by the battle. the u.n. estimates that an average of twenty seven people are being killed in iraq every day nothing is left in iraq or except for destruction because of the coalition and deisel but the strength of the coalition will worsen some villages were wiped out some neighborhoods were demolished in the likelihood more than eighty people civilians were killed in two u.s.'s strikes near the syrian city of bragg many have been killed among the my cousin died in iraq in an airstrike the massacres in iraq
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are committed by isis and the coalition warplanes together what can i say the streets are full of good bodies. in a bold move to counter the us polling eye to be around nuclear deal tehran has announced it will begin stepping up its nuclear enrichment capacity. right now the electrical infrastructure and utilities in the towns are ready for hundreds of thousands of separative work you know we started the work yesterday we sent a letter about the start of some activities to the i.a.e.a. . well these developments come with the iran nuclear deal on the verge of unraveling the twenty fifteen accord was the result of long drawn out negotiations that lifted international sanctions against iran and in turn to iran gave up its nuclear aspirations and significantly limited its enrichment program but now that the u.s. has scrapped the agreement sions are being imposed again and washington is warning
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there is more to come we will apply unprecedented financial pressure on the iranian regime the leaders in tehran will have no doubt about our seriousness these will indeed end up being the strongest link in history when we are completely. well other signatories to the dealing clued u.s. allies like the u.k. france and germany. on explaining it needs more than just reassurances from europe that it won't follow america's lead how. come tree seem to expect the iranian people to both suffer from the sanctions and give up the nuclear energy activities abiding by the j c p o a limited i'm telling those countries that this is a dream that's never going to come true this will never happen. yeah a lot of questions there are let's get into some of them with siad mohammad marandi
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politics professor at the university of tehran is always welcome to the program do you think to run to reaction to trump's you know offer and move it is just america at this stage has been proportionate. yes i think without a doubt the iranians have shown a great deal of patience so far when the americans pulled out many expected the iranians to pull out immediately as well because after all this was a multi lateral agreement and the united states is the key and agonists and when the united states pulls out the. agreement really becomes almost meaningless however you showed patience and they told the europeans that if they're willing to grow backbone and stand up to the americans protect their citizens protect their business people and their corporations and companies and banking and
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financial institutions with real commitments if there have solid if they bring forth a solid commitment to show the iranians that they're willing to do this then iran can stay within the agreement but otherwise if the europeans are just going to give verbal support and back down and allow their companies to be sanctioned and punished by the americans then there's absolutely no reason why the iranians should stay in agreement and so right now what the iranians are doing is that they are preparing the nuclear program they're preparing to restart it and they are sending a signal to the europeans that it's really up to you either you stand up to the americans or you behave like we are important we have seen iran issuing basically essentially a list of demands from europe to meet and then of course as you've been saying washington's rhetoric is anything but friendly as well let's take a listen side to one of the warnings just one coming out of washington is the u.s.
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going to impose sanctions on european companies that continue to do business with iran i think it would give the answer you know an older age the answer is it's possible it depends on the conduct of other governments. so you see europe's physicians in here they're in a position where they're in an argument with the u.s. and of course they want to keep the deal going with iran a lot of pressure coming on them from both sides here do you think that iran ramping it up on the european side is going to help matters well the iranian demands are all within the framework of the nuclear agreement that's all that iran demand they are saying that the nuclear agreement has to be implemented if you're not going to implement the deal then we're out so the iranian demands have no or are nothing excessive or not nothing that go beyond what has already been agreed on all the right but the reality of. it sorry i mean as i listen yeah
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but this was years of tension years of hard fought agreements to try to get to this stage and now we have it slowly on roughly is it not a runs in its interest to try and stop that instead of ramping it up. well iran is not ramping it up if iran wanted to ramp it up iran would have exited the agreement right after trumpeted what iran is doing is giving europe the opportunity to see it to show that it is willing to abide by the agreement the russians are committed an iranian are confident about the russians the chinese are committed they're confident about the chinese the chinese and the russians will protect their companies and their citizens but the europeans so far haven't shown that commitment and if they don't then it would mean that we run is effectively under european sanctions it's no use virtually supporting the agreement when in reality that the orders come from washington if trump is the godfather then the
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europeans will not be able to grow a backbone and commit themselves but we have to keep in mind that the united states is demanding europe not to work with russia not to work with iran and they're also punishing them with paris they're telling the europeans not to do anything about the oppression of the palestinian people the europeans have are losing all credibility that they may have in the eyes of the international community and the iranians are giving them the chance to show that they are so relevant sayah thanks very much for your take this our side but how madam around the politics professor at the university of tehran always good to have you on the show lots more news right after this. i've been saying the numbers mean something they matter to us is over one trillion dollars and. more than ten white collar crime stamping each day. eighty five
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percent of global wealth you long for the ultra rich eight point six percent market saw thirty percent just last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china's building two point one billion dollars. but don't let the numbers overwhelm. the only numbers you need to remember is one one as we showed you can't afford to miss the one and only who. can say anything he wants to say and you can't fire him you know it won't be another election until twenty twenty and he's gliding into twenty eight so you probably won't even list many representatives of support in the in this election and this year.
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germany's refugee agency is being investigated for corruption it's accused of offering asylum for bribes chancellor merkel has also been dragged into the scandal with claims she was aware of the problems but did nothing to reform the organization our europe correspondent peter all of our reports from berlin. as the cash for asylum investigation into the german federal office for migration and refugees all gathers speed public focus has turned to the german chancellor angela merkel and what she knew about the agency's problems its former head frank here good advice gave an interview to a leading german sunday tabloid which he said he held face to face meetings with the chancellor and made it explicitly clear that his agency couldn't cope with the pressures being put on it by refugee policy. there was no structure or organized
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development in the form of specific tasks set of priorities or occult collation of personality acquirements since no instructions were available everyone could work as they saw feet in response to those claims a spokesperson for angle merkle had this to say it's not religion and of course there was an ongoing intense process of changing the work of the german federal office of migration and refugees when the refugee crisis broke out i'm just trying to make clear that mr vice in as repeated reported on these changes in the prove to the how the federal states the blunder struck the cabinets he spoke at press conferences and again and again to the public and major league the chancellor was informed of the reforms and the measures taken in this agency. the investigation began after it was alleged that an employee at the un fought for us in bremen wrongfully granted asylum to twelve hundred people on the list though security services say were two islamic extremists one of whom they describe as an actual
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terror threat while forty four others belonged to islamist groups prosecutors allege that the female employee took both money and gifts to grant asylum wrongfully between twenty thirteen and twenty sixteen as the investigation continues she did nice those charges against her politicians both from the opposition and from within and glimmer of course on coalition partners saying they want answers. it is not about accusations it is not about vindication of a conspiracy theory but rather about a sober investigation. we have to investigate the accusations have negligence and corruption and we have to do it quickly and everyone who is involved should give testimony in the form refugee card you need and the interior ministry there is work to be done in this investigation last month the country's largest opposition party alternative for germany launched
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a last. suit against anglo merkel's refugee policy they say that the chancellor's decision to welcome around one of the half a million refugees to the country should have gone through a vote in the stock and the fact that it didn't is unconstitutional and so we put the legal course in front of the court to question whether there there is a legal. explanation or a legal reason to open our borders hopefully we'll have a special committee to go into that abscond well the point we're making is probably the scandal is not something about the fifth one one office. and has to do with political responsibility and we have to look at who is responsible for everything what has happened there before now the big question remains if the chancellor knew that the migration refugee agency was struggling why was nothing done to relieve the pressure betrayal of r.t. . were done to single figures nine days and counting until football's showpiece
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tournament kicks off right here in moscow thirty two nations world bartlett to get their hands on the world cup trophy and earlier we got a close up look at the biggest prize in football. i'm really proud to tell you that there is more than just a special reason for me to be wearing this golden tie because here in this studio right now we're going to show you a very special shiny gold can we please have a look. is this the actual trophy world cup winners get their hands on after the final the winning team will lift this exact trophy above their heads and this is the one that they keep only for a short while. before the ultimate possession they get a film called the so-called winners trophy which it looks like exactly this one but
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only made of bronze and it's a gold plated bronze so even lionel messi seen as the best footballer today can't touch it indeed this is the one in on the maid of eighteen karat solid gold. official fee for world cup trophy and only heads of state and people world cup winners can touch this magnificent pulled the price how far has the trophy traveled on its tour trophy traveled from coming right to leave us talk literally a massive geography we estimated that around forty million people live in the nearest proximity to the cities where the traffic visited any special moments in russia including russia for instance a young guy made a marriage marriage proposal to his girl and that was really really touching and almost you know i almost had tears in my eyes and a lot of newlyweds coming to see this trophy after their wedding there was
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a. longtime fan of football he was around sixteen years of age and the guy was crying and i haven't seen you know a sixty year old guy crying at the side of the trophy. well i hope the girls said yes to that marriage proposal now as the excitement builds over which country will lift the world cup in the final in moscow next month r.t. has been picking the brains of perhaps the most famous manager right there or just . on how the tournament will play out and we invite you to challenge the special one and make your own predictions a little bit of emotional to be good to come traditions because i believe this story and with the also one of my players that will want to hold it so this is what it does well if you feel up to testing your knowledge against the might of marine you know head on to facebook or twitter and follow the hushed much marine you to make sure you don't miss any of the games there will be two runs of predictions from the group stage to the knockouts with the first starting this wednesday. it's
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a lot of fun to join in covering the movers and shakers of the business world next it's been stay with us. i. this is boom bust broadcasting around the world from washington d.c. i'm part children thank you for watching coming up today will the whole back of some financial regulation healthy economy or risk another big bank bailout financial policy advocate bartlet naylor from public citizen and mcdonald's has increased the use of automated rather than hiring more workers is this part of a wave of robot replacements our team is actually banks takes a look and there's more reaction and positioning on the trade front as a coalition of finance ministers from europe and canada. warning to u.s.
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treasury secretary steven in his new chin with the united states are two thousand one hundred words that has the latest from toronto and before we go i'll tell you about a study which shows how the game companies in tendo and health are brave all that directly ahead but first let's get to a few headlines the global economy is slowing down that's the verdict of a number of recent reports including the global purchasing manufacturers index from analyst at i.h.s. market and j.p. morgan the index fell to a nine month low of fifty three point one in may down from fifty four point eight just two months ago furthermore the baltic dry index a shipping cost tracker as fallen twenty two percent in the past month indicating a slacking in global demand while no sudden drop are quick economic slowdown as indicated other metrics such as low but low government bond yields and world events
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including trade tensions strikes and political to. or oil in europe may impact and result in a more rocky economic road for the remainder of the year. social giant media facebook made written agreements with at least sixty device makers to allow them to access personal information of its users including religion relationships event plans and political beliefs according to the new york times device makers with agreements with facebook reportedly include apple amazon blackberry microsoft and samsung among others the agreements with facebook also allow the device makers to obtain personal information about the facebook friends of people who use their devices the times reports that most of the agreements are still in effect although facebook did and some starting in april the month after the cambridge analytic a scandal. the agreements may violate facebook's two thousand and eleven consent decree with the federal trade commission which was meant to protect users a facebook vice president defended the agreement says consistent with the consent
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decree and facebook's own stated policies that same representative also said device makers unlike app makers are considered service providers and therefore they're not subject to the limits of the two thousand and eleven consent decree. u.s. tech giant google has moved to preempt a growing rebellion among their own workers by not renewing project maven the project was an alliance with the u.s. department of defense to apply artificial intelligence or ai to images for better targeting of drone strikes the maven contract envisioned a payout as large as fifteen million dollars but an internal google e-mail intice of pay to grow into as much as two hundred fifty million dollars per year and serving as the first of many similar weapons projects the head of google's cloud computing division which managed project maven revealed the change in a weekly employee meeting using ai for war and weapons development picture the
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terminator movies is highly controversial with many experts absolutely opposed to such applications other tech titans notably amazon and microsoft have a number of pentagon contracts but have not seen this kind of internal pushback that impacted google in this case a number of employees cited google's motto don't be evil to argue for google to quit project maven. and the federal reserve has proposed a change to the so-called volcker rule the provision named after a former federal reserve chairman paul volcker was crafted in the wake of the great recession and included as part of the wall street reform and consumer protection act of two thousand and ten more commonly known as dodd frank five do. financial regulatory agencies devised the final regulations based upon the law specifically the volcker rule made it unlawful for banks to speculate using their house accounts
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that is it made it illegal to use investors or bank money for purely speculative purposes they could still speculate but only as a legitimate business hedge the reason being big bank speculation on things like mortgages related to credit default swaps those c.d.'s were part and parcel to the economic calamity and lead to a big bank bailout using taxpayer money to the tune of seven hundred billion dollars well now the fed is proposing to scale back the volcker rule some like me who had a hand in writing and voting for the original volcker rule are extremely concerned that if adopted the new fed weakening rule will once again open the big banks floodgates to increase an unbridled speculation but that's just my take here whether this is another person who worked on the original volcker rule and has been following this proposal closely bartlet naylor the financial policy advocate at public citizen thank you again for being here this is such a interesting issue and troublesome in my view that it's coming just when i felt
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like maybe a lot around the world were taking what was done in the u.s. and saying ok this is how we protect markets what's your take on the circumstance yes it's troubling that the federal reserve and the other agencies are falling in line to weaken this rule you mentioned hedging that's one of the clear problems now these bats can be taken and be called a hedge and the bank won't have to explain what's being heads there's another rule that neither provision that says if you're trading less than ten your book is less than ten billion dollars they're largely unregulated if you're less than one billion dollars book and trading assets that are basically are not regulated at all made major rollback i mean ten billion dollars seems like real money to people like you and i and i suppose. as a lot of the boom busters out there watching so it's pretty much a a hands off for less than a billion you're saying and for ten billion of your book your trading book at
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a big bank it's reduced regulation that's right and and what they say is that if you're hedging you need not explain what you're hedging which means that if you make a bet you can call it a hedge and not explain what you're you know hedging against so it's opening the gates to to more speculation so let's explain for our viewers how this works so say i'm a bank customer and you're the bank and i want to buy you know a bunch of crude oil futures well then you say well i'm going to buy the crude oil futures for bart but since i'm the other side the bank is the other side of this you want to offset that risk so you place an appropriate hedging bet by buying future is another way or maybe going short on the futures that's a legitimate use of this right and that's part of the market making and ideally we want a robust liquid market for the exchange of such commodities in future that you don't want it on the other side where the banks just say hey we've got some either funny
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money that is maybe parts money overnight and he's not using it overnight or it may just be bank profits that they have in a pool and they want to go out and speculate on that to make money on that that's what this is really all about they can't do that that's right and again imagine how much money you get paid on your checking account it's pretty much zero because of f.d.i.c insurance at a huge amount of money is made available to the banks abundant and cheaply take the morgan has one point three trillion dollars in deposits for which is paying essentially no interest it's got about eight hundred billion of that deployed in two loans the rest of it's the hair as funny money now some of it is it's needed to be liquid in case there's a news will demand for the. return of those deposits but a lot of that money unfortunately is in speculation the volcker rule says you can't it does say you can make markets and it's in that market making exemption that
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a lot of the mischief is taking place there's still many things about this that are interesting one is that one of the reasons when i was commissioner that i fought so hard leap for this rule was that there were a couple large banks and we were talking earlier sort of beat the heck out of a bunch i want to mention their name but they were two major investment banks that actually encouraged their own customers to invest in a new product a financial product and then when their customers had populated that filled to the brim they took the opposite position because they were speculating to make money on their own customers now they were tried with that but that's what the volcker rule is trying to get at and to just trust the big banks that they're going to do the right thing we've just seen time and time again that it could be a problem do you think that this opens the door to potentially another big bank bailout or is that a little bit of a stretch well obviously i hope it doesn't unfortunately loan making goes
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bad gradually and over time bad bets happen pretty quickly so what happened with a g and the failure of their ability to pay off those credit default swaps what happened with some of the other problems that bear stearns and lehman brothers were bets that went bad really quickly when the other side decided you know this isn't worth as much as we thought it was so i mean lehman brothers just three or four months before it's bankruptcy was doing well it's auditor gave it a clean bill of health its stock was not so bad and then immediately became clear that it bets its bets were bad even after the crisis the so-called well managed bank j.p. morgan discovered that its london whale position was actually a five billion dollars loss sending the stock market stock price for that company down by about thirty percent so bad things in speculation can happen very quickly. one of the things that made the original volcker rule for the law was passed in dodd frank and then these five regulatory agencies including the fed c c o c c c
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f.t.c. my agency they all had to do it at the same time and we did it i think it was on december twelfth december twelfth ok it was snowing that day i remember it was all over t.v. because nobody else came into work the federal government closed and it actually didn't really snow that day but they closed the government anyway the bottom line is that it took these five different financial regulators to all do it is that going to be the case with this new proposal is they're doing it in a staggered fashion as you mentioned the federal reserve did it last wednesday the f.d.i.c did that the next day your agency did it this morning as the securities securities and exchange commission is scheduled to do it tomorrow i should say that control of the currency also did it last wednesday those are the five ok and what should we be looking for if people want to comment for example on this whether or not they agree with you and i are in sync on this one but people have other views how do they comment what are they doing.
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