tv Boom Bust RT August 4, 2018 1:30pm-2:01pm EDT
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seems like america has already decided what the key issue in the upcoming vote will be and it's not going to be perceived russian influence as some outlets would like you to believe it's going to be the donald but keep in mind he won't actually be anywhere on the ballot these are mid-term congressional elections but regardless the way american politics is developing it seems like the upcoming vote in november will be a referendum on one man he will mop and archie new york. one palestinian has been killed and over two hundred injured in the latest on rests on the israeli border the health ministry in gaza claims that almost a hundred of the injured were wounded by the israeli defense forces a campaign to protest the israel occupation of the palestinian territory has been ongoing for four months now and gaza based journalist who sent us this report. quokka. there was.
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no way i'm standing here one hundred meters away from the fences separates gaza strip with israel and as you see thousands of palestinian protesters continue to participate in the great march of return for more than nineteen weeks as you see the palestinian protesters have been burning tires to blur the vision of the israeli snipers. and we just heard a lot of ammunition that was targeted the protesters ok that was very loud and very close for us this is the person who was targeted by the live ammunition we heard just right now. the crew from. the crew. thousands of palestinian protesters are suffocating from the day you got fired by the israeli forces the.
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paramedic was shot and the legs just see what it's like what meets your eye way. will far from us. as you see the palestinian prime minister are trying to rescue all the palestinians injured our a by the israeli snipers and as you see it the pyre been exceptionally had that timed to get that at that light late this injured from the live ammunition from the frontline the. first time the world knew how the billboards are going to. despite everything despite the tear gas jeeps that fired tear gas despite the tear gas throws the fire to gaza and despite the snipers that shoot down. the munition on the palestinian protesters journalists and paramedics the palestinians continue to protest that east gaza strip along the fence and five strings to patients in the
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gaza strip. the i.d.f. says it responded according to standard procedures it claims the measures were prompted by the presence of more than eight thousand as they termed violent writers friday saw the nineteenth great march of return rally since they began four months ago political scientist professor saeed numeric says israel is guilty of using disproportionate force as a matter of fact using the life i mission or over the place not only in gaza whenever it's comes to the palestinians a confrontation usually they use the last emotion most of the times sometimes they use their bullets but mainly in gaza organized by a lot of busting in factions orders but assuming factions and it is representing the palestinian will. go to the borders and to clean the right of return to their homes which was which was taken from them in one hundred forty eight. other
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hand is a bit of students have nothing what do you mean by guides israeli have if sixteen and thirty five and they have done this they have. to have everything and they have seen have kites this is absolutely unmatch it's one step forward and two steps back for women's rights and saudi arabia with reforms coupled with arrests of the details on that after a short break. disinflation
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very little inflation for decades interest rates have gone down for thirty years markets and rally for thirty years now the whole thing is reversing interest rates are going up so is inflation so we'll see how that plays out if wages rise faster then inflation. as such then trying to wonder if wages don't rise as fast as this neo inflation then we had trouble. welcome back to the program russia's foreign ministry says the recent evacuation of the white helmets from syria shows that the controversial rescue group turned out
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to be quote foreign agents working in anti syrian interests for huge amounts of money israel helped them flee to western countries last month are fears they could face persecution as the syrian government takes back on troll of the country. the group has been enjoying funds from the u.s. and its nato allies but critics point to multiple controversies surrounding the white helmets among other instances they were seen executions and even waving terrorist flags which the hottest civilians on the ground in syria also have damning evidence against that. let me tell you so with no they would bring cameras and explosives something to destroy for example this building here that find people in the streets and promised
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the money all food just say whatever they needed. to syrian first responders who risked their lives to say about theirs in war torn aleppo the face of on relenting brutality heroes have emerged. i have to tell you whenever food aid was brought into the white helmets and the rebels would take it all for themselves they give us nothing not even bread. because the whole chose to risk their lives to save others. when you see that that will be true when we go out to buy food we see them if there was a collapsed building off drugs shelling they cooled off the area and save the rebel fighters well people they cared about they would leave the civilians the same happened not far from here
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a building was destroyed in shelling and they came just to pull their own out as usual they live so. we've been able to get these brave people and their families out of syria after the extraordinary. well placed on saving lives why how many nice people to help the rebels only did in save civilians the locals out for rebels. so plenty of accusations host of art is going underground afshin rattansi put them direct to the head of the group. tell me about. the boy whose photos were awards he was covered in dust and the weight helmets of the bordley saved his life. the truth is as you know new shoes home was bombed and he was extracted by our teams from under the rubble we did not photograph in
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the source of the photograph that was published was not of the white helmets but a journalistic reporter we saved him and his brother who stayed in hospital for several months until he recovered we were surprised at the way he was used and exploited by the russian government to speak in the media. that me she's father been given the safety and been taken to a safe place he would have spoken differently than he did under the threats of the syrian regime he knows well that we saved his son and his brother who stayed in hospital for several months until his full recovery because mother. told that actually the photograph was used to exploit him with regard to the way bill much they primarily work with the press it's a professional tool they are using we had a pulitzer prize winning journalist seymour hersh on the program telling us the way the helmets were a propaganda organization in truth a man's father is obliged to speak in that way and he's not in total safety under the regime that has announced the assassination of eleven thousand convicts in the
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prisons over the last few weeks alone he is obliged to speak that way and i understand his position however we know that we have fulfilled our duty when we rescued his two sons from under the rubble after they were bombed by the syrian regime this is our duty and we do not expect thanks from anybody for fulfilling our duty towards our own people in syria as for the other journalists i don't know who they are the journalist that you are referring to those who have come up with such talk unless they are part of those journalists that create propaganda against the white helmets which have become known by the name we do not feel the need to respond to them because they are aware of the fact that they are lying and we know that they are lying the full interview will be aired throughout saturday here on r.t. and is now available on our website and you tube channel. human rights watch and amnesty international are reporting that two prominent women's rights activists have been arrested in saudi arabia. the arrest of some our production we and the seem to die signaled that the saudi authorities see any peaceful dissent with the
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process of present as a threat to their autocratic rule this unprecedented level of persecution of human rights defenders in saudi arabia is a disturbing sign that the crackdown is far from over the rest of the activists were protesting against laws which compel women to get permission from men to study marry or travel abroad the steam all saw that is a long time campaigner for women's and sheer minority rights the other arrested activist some are bugged dawi also a veteran activist for women's rights in saudi arabia her brother a is a dissident and activists who serving a ten year jail term for insulting islam online some are receive the two thousand and twelve international women of courage award from then u.s. secretary of state hillary clinton somewhere you are a human rights activist a monitor of human rights in your country of saudi arabia. the
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saudi government began cracking down on women's rights activists just over two months ago the official reason for the latest arrest are not known but previous detainees have been accused of having suspicious contacts with foreign entities back then saudi officials had warned that further arrests could be carried out as the investigation proceeded even so saudi crown prince sole spellman is eager to show a different side promising reforms and even lifting the ban on women driving vehicles all said stuff at the u.n. human rights commissioner's office have grave concerns over the crackdown. we are concerned about the continuing arrests and our parents apparently arbitrary detentions of human rights defenders and activists in saudi arabia including women's rights activists since the fifteenth of may at least fifteen government
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critics were detained we understand that eight of them were later temporarily released until the completion of their procedural review political activist medea benjamin believes that saudi arabia is using its vast wealth to get its own way with the u.n. can see old pictures of somewhere else but with michelle obama hillary clinton and she was celebrated in the state department now that she's arrested we don't hear anything from the state department calling out the saudi government for this terrible act of arresting her for absolutely nothing so we have seen a crackdown in recent months on human rights activists women activists and this is another example of what. it is that the crown prince as a reformer because he is sending the message to the saudi women you will not get any changes by your grassroots activism i am the only one that will decide
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every time the u.n. does something to speak out against abuses in saudi arabia so to arabia then turns around and blackmails the united nations saying we will stuck giving you money let's face it it's a very wealthy country from all of the oil that it's sells and it uses its wealth to not only by friends and by silence from governments like the united states but to buy silence at the united nations. ten crews from seven countries are going all out in a tank by out on out an international army games competition near moscow they're driving skills and shooting accuracy is put to the test over the six day event.
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that's our global news update for this hour but don't forget you can always catch up on the latest at our website r t v dot com thanks for tuning in. zia's says harlan kentucky. this move them places you could walk through street families leave. a co money city it was almost no coal mines left. the jobs are gone all the polis the said i'd. love to see these people the survivors of
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a world disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened. right we're all set to start in five. this year how's that signal. he's not going to talk about. just me right after the morris explorers one new put of their. record. to say what the hell.
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go to the straw. poll welcome to sophie and tell i'm so sorry shevardnadze said today we've got lots to talk about in our program and our gas. good luck to. this is boom bust broadcasting around the world i'm far children thanks for being on board coming up the other day i sat down with the father of financial futures dr richard land or was embarking on new and innovative projects that will address
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these scandals and manipulation of interest rates over the past decade it's called merab or and that energy was coming right up after headlines plus eminent economists richard wolffe weighs in on immigration is donald trump daughter of calls the immigration bill lowest point of the trumpet ministrations and with all the trade wars going on is donald trump trying to reshape american industry or go back to the future i'll ask steve small bird and fred kaufman author of bet the farm how foodstuff think buddhist back with me to talk about get this produced in a test tube some things never cease to amaze we'll get to all that but first we had a few headlines. the trump administration has announced their long expected plan to curtail fuel efficiency standard of brueggemann for future years that were enacted by the obama administration to reduce greenhouse gas emissions and improve public health and substantially reduce pressure on automakers to make such
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improvements the rule affectively obstructs a twenty twelve rule that would have pushed the standard to fifty four mpg by twenty twenty five the proposed rule was officially published by the trump environmental protection agency yesterday and is out for a sixty day comment period if adopted the rule would freeze the so-called cafe standards that corporate average fuel economy standards in place at thirty seven miles per gallon in twenty twenty one barring any other further improvement through twenty twenty six there will also officially start of the truck ministrations legal us. so on the state of california climates paul climate's policy by revoking an obama era waiver that allowed the state to set their own carbon dioxide fuel economy standards at a higher level than the federal standards and we spoke on a program about these important policy financial matters in the past and will do so again in the coming days. the old advertising slogan for visa it's everywhere you want to be won't ring is true if a plan by the largest u.s. supermarket goes forward later this month we all know about those pesky swipe fees
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that credit card companies charge vendors and how they are a constant source of friction well now those tensions are developing into an open conflict between the a because these a corporation and the largest u.s. supermarket chain by revenue kroger the cincinnati ohio based kroger corporation says that they will no longer accept payments made with cards at therefore less food stores in california after august fourteenth they are also considering or perhaps threatening is a more appropriate word to broaden the number of stores outside of california if visa doesn't show more flexibility on fees at the food for less stores a kroger spokes person reportedly said quote it's pretty clear we need to move down this path and if we have to expand we're prepared to take that step vendors pay an estimated annual total of ninety billion dollars in swipe fees to credit card companies.
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if you're a regular boom buster you heard us discuss the live or scandal that's the london interbank offered rate on the live or rate impacts really just about everything anyone on the planet purchases on credit from a whole mortgage to an auto loan to a student loan and that libre rate was manipulated multiple times and attempts to manipulate it went on hundreds of times over the years and i was part of the investigation of my own commissioner job at the commodity futures trading commission it started while i was there and we did a lot of good in a bad circumstance to getting it stopped but some has questioned why banks all over the planet need to be held essentially hostage to this oh this one interest rate the benchmark from london well now us mid-size. banks are no longer in that category discusses dr richard sandor who's been a great historian or all of these things financial invented financial derivatives
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financial products back over the years and he started what's called a merab or richard thank you so much for being with us part you know we great. tell us about america for it you're working it out of chicago how are you doing so far we're doing very well we started with six banks were up to ninety five members with the combined essence of one point three trillion bark you're always a charm for me we're having a record week trading about nine hundred million dollars a day from ten million dollars. we have eighty one banks and fourteen. non banks insurance companies hedge funds private equity broker dealers f c m's all competitively bid being an offering.
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overnight funds and it's all transparent it's regulated without partners cboe who runs the board options exchange of goggle board options exchange we wanted to create a transparent regulated competitively determined benchmark that everybody would think was fair and represented the real cost of money looks like you're well on your way and being from chicago it makes me think about all the everett dirksen quote you know a billion here billion there it starts to be real money you know nine hundred million is certainly a lot particularly from whence you started is that enough at this point for banks to actually rely upon it or is this still in a period where they want to see a little bit more liquidity a little more volume we are getting close to the answer you know a bar that i feel like sis if it's rolling this stone up. and waiting if it to christ down but where where that tipping point now in the reason that as i
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mentioned to you before the show we're on the p r two or now we hit in chicago we didn't want to really represent that thought we wanted to represent a concrete number that was out there and have it competitively determined so where are probably six to nine months away from critical mass if we hit it the fourth quarter which is our goal of a billion a day will be there and then we'll launch futures options e.t.f. so all of the psalm i got all of the complementary related products a product suite for america gets untasted don't let me ask you the i just said midsize banks but and i don't know if your if it if you it's appropriate to ask you some names but sort of what are the mid sized banks what sort of a. level of banks are we talking about and what are some of the names associated
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yeah we're talking about anybody less than two hundred fifty begin so we're interested in the six thousand small banks they disproportionately lend to small and medium size businesses they really are the job creators so specifically at the opening of the exchange there were four people. frost bank in taxes which is the largest the independent bank there there's a regionals that are bigger. associated in wisconsin m.b. in chicago old national in indiana here in new york signature a new york community city national on the west coast the banks range from key banc it on hundred fifty been down to smaller community banks sit
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under a bit it's really quite weird democratising the way interest rate benchmark so determined a couple weeks ago you and i were in contact because i had read a news story about how financial regulators were even even now where a lot of the lie bore scandal is cleaned up and we're saying that banks should move away from libel or that's got to be a good thing for america before but what do u.s. financial regulators think so far i imagine the you're talking with the fed i would assume yes we are talking with the fed we held a conference the american financial exchange where are merab or traded jointly with the university of chicago and we had dr david bowman who was the chief of staff for the chairman powell and in charge of the alternative rates committee spoken you know where his major. message was you know live bor has some
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problems and he hoped that so for the secured overnight funding rate developed by the fed would would step in he was a gnostic on whether it was so for or a member of bor but they would be a suite of rates so banks would have a choice so for the fed rate is phil's an important role it's secured merab or is unsecured and reflects the borrowing and lending of americans mid-size regional and community banks it is their place richard where people can find out more about o'meara boars or a bear board dot com or some player f.x. dot com am fix. or a member of board dot net and our partners the c b o e two weeks from now will be releasing it over the tape. and it will be distributed through all of the
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terminals that you find financial information so we're just about getting ready to get a little liquid oxygen. if anybody can do it you can do it you're the father of financial futures you've written numerous books i know good derivatives is one that i really love but what's your most recent book richard it's called from electronic trading to the blocked chain and this very week barred we put our three trade in posts trade on the block chain so we've implemented the block chain as part of our suite of products that provide electronic distribution capability so everything that's pretty trade post trade is now blocked change all it said transparency which is the key thing in my view i mean when we did that live or investigation the the stuff. we found
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a new vibe and i've talked about it offline but it would rock people's socks about some of the verbiage that people use and about manipulating that rate it went on for years so i view mirror boars a godsend and i'm glad it's happening right here in the united states in chicago and there's nobody i would expect to do this other than you richard sandor the father of all futures and the head of america thank you sir thank you very much bart always a pleasure. bucket truck the president's daughter and senior policy adviser to the president is called the administration's enforcement efforts related to separating more than twenty five hundred families a quote low point for me and says she felt very strongly enviably opposed to the policy up until now the first daughters are made fairly silent on the issue and the other day i sat down with professor of economics a merit is at the university of massachusetts amherst richard wolfe and ask him how we got to this place in a nation of immigrants were so many americans bizarrely seem to hate immigrants
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here's what he had to say. when did it become you know a country of immigrants how did it become popular to just trash immigrants give us some history on that and we're views you know we've been a country as you say of immigrants we really are and we are proud of it and for good reason. once before in the one nine hundred twenty s. we had an episode a period of time when there was a massive push against immigrants and it came after an economic downturn a severe one bite at the end of world war one and into the early twenty's and so i think what you're seeing is a replay of that event in other words when the economic situation deteriorates as it has for the mass of american working people over the last twenty or thirty years the wages have been flat the cost of a good life of the american dream have gotten up there's a temptation at that moment for people to do something very natural to become.
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