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tv   Boom Bust  RT  August 9, 2018 8:30am-9:01am EDT

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to meet the fact checkers journalists have found them in a tiny room at these guys' h.q. got it at the end of the day facebook's not so happy with that online policeman's hat so zuck in co are outsourcing the digital share locks i'm being serious that's what they call themselves who are let me check where they come from. linked to nato with their help thirty two suspicious pages have already been sorted out the big ship is not turned around overnight takes a while but i think that. if not i'll give them some opportunity to work with them and i hope that in the months when we have at least three other platforms in that we will see. a willingness to collaborate with us to come up with a solution bravo and it's not just facebook or do one just as great one question though since already most americans head to social media to get their news when
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will freedom of speech ring a bell you talked to anthony bryan logan a political commentator who told us that if you have no liberal views you could end up being censored. it feels like the only people they have the right to speak out are those who agree with the leftist principles if you are against lefties ideology any kind of way they find a way to demonize you they call you a conspiracy theories they say it is you're promoting fake news we're coming more under the control of big corporations and a lot of these people who are in the government and corporations are kind of working together to colluding with each other any kind of extra regulation from the federal government will most certainly impact freedom of speech online it's going to be a battle to try and corral the internet back and kind of maytree media staff format where you get your news radio for you and you don't have any kind of dissenting viewpoints. according to a new poll the reputation of news organizations is in decline and found that more
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than a quarter of u.s. citizens think that their president should have the power to close media outlets the him to be behaving badly his kind of boston. the american media just can't get over the anime of the people label first slapped onto it by donald trump a little while back anime of the people i think crosses the line i think it's reckless i respectfully ask that and this is a phrase that has a long historic provenance it goes back to the french revolution it goes back to stalin to mouth when the president attacks journalists we question his motivation at this point you could dismiss the comments simply as media oversensitivity or bias against donald trump however whether it's media partisanship or trumps behavior it seems pretty clear that public support for freedom of the press is stark now at this point less than half of americans say they believe the mainstream media is working hard to engage in honest reporting now what's more shocking is
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that twenty six percent of americans more than a quarter say they believe that the president should have the authority to shut down any media outlet that isn't gauging in what they call bad behavior now it's not surprising that most of these media haters are republicans and it's no secret what outlets they want to shut down. do you think that's surprising to you do you think a lot of americans agree that the media outlets should be shut down i do i think they're smart if you're smart and you have a good mindset where you see different things then you would know things like that obviously should be shut down especially if they're not telling the whole story that's a joke that's a joke once again this go back to page one freedom with the poorest lead to in appearing in those twenty six percent mean that you know the constitution i'll be broke me i don't think the pressure be closed down but it doesn't mean we have to read it or pay attention to it i just block it out. i don't really know what their
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definition of bad behavior means if there is a clear definition of bad behavior i know maybe i do period. stephen moore of course if there are. some. that i don't agree with them and then maybe they should be looked at more in depth but in terms of shutting them down off you jerk reactions no i don't agree with it now seems that the first amendment is the first thing that many americans want to be amending . r.t. new york. the wiki leaks legal team has raised fresh concern over the security of the whistle blowing site's founder julian assange that's off the u.s. senate committee looking into alleged russian interference in the twenty sixteen elections requested that he testify and we can show you the letter that was sent to the ecuadorian embassy where saunders hold up inviting him to a closed interview and says the meeting can take place at a mutually agreeable time and place but as lawyers are very cautious as the u.s.
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is seeking to extradite him over his revelations so he's a quick recap of some of those revelations. oh. cut. oh.
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lol. little does the n.s.a. collects any data from the millions of those who are little wiki leaks walks like a hostile intelligence service and talks like a hostile takeover of service. we discussed the issue with former m i five. do you think the us going after a silence for publishing classified information creates a dangerous precedent i'm sure that after seventy years mewed up in the ecuadorian embassy he wants to give his side of the story he doesn't know exactly what happened he must be absolutely frustrated about the. the the lies and the misses
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being created around russia gate so i can understand his temptation to give evidence even to a closed hearing which is difficult i mean the whole you know ethos of wiki leaks is to be open and transparent and to bring information out to the public good so it's a difficult one for him i think but let's bear in mind as well that you know putting aside wherever this information came from wiki leaks is a publisher it is a high tech publisher but it's his publisher in the same way that the new york times the washington post and the guardian has been a publisher of similar stories so if they are going to go after him as a publisher of embarrassing information for the american government then surely they have to go after the old legacy media for publishing the very same information and this is what the old legacy media should be standing up and speaking out against and fighting against because if we can lease goes down because of these arguments then they are vulnerable to that is the end of our free media that's the
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end of our free speech and we're back in a moment. we have no idea what if use doing on vacation but she will be back on it in september .
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thanks for joining us here on r.t. after announcing plans to change the constitution in order to strip white farmers of their land some south african politicians are looking for more black emancipation in the country a new party has made headlines off the banning white son foreigners from becoming members our correspondent paula takes up the story. after the death of nelson mandela there has been an increase in racial politics and incitement here in south
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africa and now as the country starts preparing for elections to be held at the beginning of next year one new party has emerged that only for black people the african congress says that its goal is to restore the ideals of african people it's gone as far as to say our membership is not open to anything that looks white this is a far cry from how mandela saw the rainbow nation you have to look to it in the cities and so i don't think it's a good concept i don't think it's something that will work here though going backwards obviously i dislike that too shouldn't allow them in south africa most parties are fighting for is unity in south africa but not having a party that now takes only black people sort of like promotes racism it's become popular in south africa particularly among the white community to talk about reverse racism in other words discrimination against white people whereas once people of color were denied jobs education and political power the tables have now turned and many whites complain of being overlooked because of black economic
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empowerment honey sees a thing we can actually discount a part of and as we're asking congress for quite a small party and i doubt they'll get much support in the next elections but i do think a party like that if is something should be more concerned with even though that an explicitly people from people from joining their party. trick does lead to an increase in the racial tensions and they do seem to to a degree be scapegoating whites and indians for a lot of the problems that we do have in south africa glacial tensions on particular do you think there are increasing but this is because of rhetoric from parties like the if if and even to a degree. i do think we are quite where nelson mandela would have liked us to have been. there's been a fresh outbreak of violence at the guard. a strip between israel and palestine overnight. israeli officials say
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the military conducted a series of asterix against at least twenty hamas talk it's reported leaders allegation for over one hundred fifty projectiles launched by the militants. at israeli territories some local media report at least three people were killed in the air raids. like it back what you have stolen over one hundred years ago a tribe living on easter island one of the most isolated places on earth wants to negotiate the return of a sacred statue taken by the british navy and presented as a gift to queen victoria the statue wound up in the produce museum where it's still on display and i see a church visitors to the museum if it should part with the rhetoric. hosting an estimated eight million objects the british museum is one of the world's best known collections of art history and culture and often the subject a fiery debate about whether all of chick sourced during the british empire is
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colonial times should be returned to where they came from. the latest dispute ironically involves a statue called lost or stolen friend a fitting name to the indigenous people of easter island or trying to recover a unique figure taken one hundred fifty years ago and given to queen victoria who then give to date to the museum this is reportedly being negotiated as we speak. the circumstances have changed and we heard that there's a possibility to discuss the stones or trying to chile with the museum and the british government the british museum attracts scores of tourists so it's not surprising the museum is putting up a fight claiming their better preserved under its own watch sometimes offering
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temporary loans as a compromise but what do the visitors think let's find out sooner really speaking i would say it should be richer and i think it's a heritage says to stop history i can see both sides of the argument i can see arguments for taking away but i can also see the argument for just played by guns people like us because it's all a kind we all kind of share the same history you ultimately rule interconnected we fought over this whole kind of colonialist british empire thing and stuff these periods but it's rare and this museum is very well operated and very well known so i think like staying here would be edified on tape what do you think about the people who say well the argument is that you know the original places where they come from those people need to. travel all the way here to be able to see some stuff that's you know sort of there is we took what they had in history and then ran out showcasing it but i think their their souls are no soon to say here for people to come gather and not to just see what they had in history of also what
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other countries have with people being able to see these things and maybe get them interested too maybe even though they've see them in person especially if you have one here in this how many that are just roaming around any surrounding right now that rocked how the program for those how iran oxy international how you can join us in half an hour for another round. one almost shows seem wrong. why don't we all just don't call. me. yet to shape out these days comes after. and in detroit because betrayal. when so many find themselves worlds apart we choose to look for common ground.
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erbil is never great was founded on the rape in the murder. nothing changed so we said in. response to these situations that we do in the ways. people get shot every day she is just people kill each other but with killing children. there was just no way that people are going to just sit back and allow children to be shot down law enforcement. this country doesn't work for us it doesn't function for us. this this can't be happening in america we call from the streets we've got to deal with why this is the reason i have to read like this is the reason.
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first. of all those. two additional don't google so document on the first thanks. to my trying. to tell you. how members receive. it too most of it it does go through but through some some of the sheen you know. it's not. new. for me that's. the beatles but it's i mean. if they were. fortunate enough.
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to sing us tomorrow i mean for the. sometimes the morning will be the time to laugh. later.
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this is boom bust broadcasting around the world from washington d.c. i'm bart chilton and thank you for joining us coming up today we're pulling busting to the edges of the program most of our most helpless analyzed long must one usual test for a week we also look at why over a lift the other right hailing services might soon become more costly and tougher to find in new york city and potentially other cities around the world with the able assist of parties trinity charges and alex mile of it considers the escalating clash and conflict between canada and saudi arabia what's the potential business and financial impact still tell us plus we'll examine the right to work referendum we noted on the program last time in missouri and discussed what it might mean for u.s. labor laws laws with the boom bust loan angle brito plus many of us recall the controversial dakota accessing keystone x.l. pipeline well now there's another brewing pipeline controversy archies monella
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chance will fill us in on the details and a. housing prices after four years may finally be starting to slow what does that mean for the u.s. housing market kathy fed he the c.e.o. post c.e.o. of real well network gives us her take all that ahead but we pop start with tesla and the unusual tweet by ilan must yesterday that we noted on the broadcast coming up we have a list of our most here's what happened yesterday mr market trading into a tizzy after tweeting quote and considering taking tesla private at four hundred twenty dollars funding secured tesla shares soared then hit a circuit breaker where nest egg trading was temporarily halted tesla stock ended closing up eleven percent on the day and here to help us out is the forementioned c.e.o. of the stocks which was our mo while melissa this was really a bombshell wasn't it and mr musk has talked previously about the short sellers that he was gay were going to take
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a hit this certainly struck them in the shorts didn't it. yes it did and i have breaking news actually to announce right now three minutes ago was just it was just announced that the f.c.c. is investigating what texted out so that is breaking news just happened three minutes ago. doing that and that's great and you know when i when i saw this it did remind me thinking about the f.c.c. back to that circumstance in two thousand and twelve when the netflix c.e.o. reed hastings posted not twitter but he posted on his facebook his personal facebook site that they had streamed one billion hours of content in a month and that was obviously had an impact on their stock price and that resulted in a c.c. guidance about the fair disclosure rule and so it doesn't surprise me about this but he could be in some potential legal jeopardy i suppose right well the stock had a. move yesterday it was unprecedented and one day the stock lifted it almost
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made a new high and it did have a greater report and it did rally on the earnings a couple of days ago but the move on tuesday was unprecedented and it ran up to three of the seven previous time the stock had been three eighty nine so that we did inside buying this stock and not only that as you would mention tesla is one of the most heavily shorted stocks right now for some reason people are are are not i guess believing in what the company is doing or what they want to do for only a brief period and this was months and months ago back at the end of march and the beginning of april did the stock look like it was starting to turn technically speaking into a down trend but it lifted back up again very quickly and it's relative or since i would never have been short that stock after it decided that it didn't want to continue to decline the earnings like i said we're good so people are betting against you on must people are betting against tesla and i'm not i don't think that he sent that tweet out to necessarily create a scare or
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a story of by him but i'm mean i don't really. we know if he's serious about this or not but there is there is an upside of the downside the downside is they're going to lack capital if they end up deciding to go private if they want to do all these creative things which he likes to do the upside is that he's not going to have to deal with the scrutiny of being a public corporation any more so it is unclear if he has financing where's the financing coming from there's been so much talk and scuttlebutt about it there's you know so many chinese funds out there that would probably love to buy tesla have the money to do it but the question is would that would save face the u.s. government agency would they allow that to even go through yeah absolutely well i imagine that there are a lot of general counsels you know public companies all over the country especially there in new york are talking to their c.e.o.'s and their v.p. is about what they should and shouldn't do and rereading that i pulled it out
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earlier here today that see. the two thousand and thirteen reed hastings their guidance again and it's really important it says look you know social media is new but that can have an impact on investors so be very careful you do all the deal with due diligence you need hey before we let you go melissa i want to ask you about another thing news breaking today we're breaking all sorts of news congressman chris collins an incumbent congressman from new york was arrested and charged by the federal prosecutors with insider trading and lying to the f.b.i. and the story is that i guess the congressman delivered nonpublic information about this australian company innate immunotherapy therapeutics firm which he's a principal shareholder to give the information to his son and his son supposedly gave it to others to trade up on and the u.s. attorney jeffrey berman said look he cheated our markets and our justice system what do you make of this well again you know innocent until proven guilty otherwise
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but so far the news that's out there the story is that the case against him is that he called. son his son own stock in that company and sold the stock before the news became public and not only that i also read that the sun shorted the stock so that when the drop happened the son made money on that and then the sun's fiance and the sun's fiance is father so there's there's a chain there are family members now whether or not he did anything illegal himself per of these laws and regulations that is for the attorneys to decide because apparently he did not sell any of his own stock or short the stock so telling someone is that illegal i don't know going to play station i'm sure it is yeah. he did make money on it that's not a good one i will be following it and talking about it more in the program most of thank you so much for endeavor and also on that on that one too and thanks for all the tesla stuff we'll see you get a little armor see all the stocks. and now we look at some other
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breaking news today if you use over or lift the right hailing services you may want to listen up in new york city those rides may soon be harder to find and if you do get one they may be even more expensive than they already are here's our teams correspondent trinity charles with the details that's right certain companies like hooper and left are becoming increasingly popular taxi drivers are struggling to make a living but now they may be getting help from lawmakers new york may become the first major u.s. city to cap the number of ride sharing drivers on the new york streets all this after recent congestion in the city and two years of complaints and protests from taxi drivers over the plummeting value of taxi medallions i never thought i would ever hear the day that he yellow medallion would be a risky investment was always considered like having a seat on the stock exchange and that was what it was completed so although there was more than thirteen thousand taxis in the city there are more than one hundred thousand licensed drivers for ride sharing apps something taxi driver say is crippling their industry they now own regulator in the city they've had one hundred
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thousand cause to new york city and the past two years whereas there was only thirteen thousand cause for the last fifty years so within two years without environmental impact studies what out anything what would it do to the city so now we have congestion new york city council is meeting today to vote on proposals that will cap new licenses for car service drivers for one year while officials analyze the changes that have impacted the taxi industry also being considered as imposing minimum wage for drivers which would also be the first in the nation it was inevitable that you were going to have a service like goober and live steppin and now that the the drivers are all complaining i mean there's nothing you can do about that this is an open capitalist society however lifts are saying that the cap will hurt minority communities that don't happen liable mass transit and increased wait times for everyone and reduced service. now these are the medallions that taxi drivers are talking about they were
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once word got around a million dollars bucks a day went right here in companies done in the streets their only worth around six hundred thousand reporting in york city so that's our take. and some of the biggest names in the mining sector are shuffling some of the profits and their accounts into dividends and stock buybacks as we've reported similar stories of played out in other industries and sectors as u.s. corporations recycle their gains on of the trump tax cuts and marginal gains from tariffs related turbulence into profit taking rather than making investments that could increase productivity efficiency glencore energy for example today announced a twenty three percent increase in their first eighteen setting a new company record but also announcing they will prioritize using their available capital for buybacks glencore c.e.o. ivan glasenberg told reporters on today's earnings report call quote right now buybacks may be the best returns we can get the wall street journal reports that mining stock has been among the most profitable sectors worldwide with major
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investor dividend payouts even last year from mining firms including glencore rio tinto ballet and anglo american. the feud between the kingdom of saudi arabia and canada over jailing of women's rights activist which reported yesterday seems to be intensifying the kingdom took offense at canada's call for the release of jailed women's rights activist now the financial times of london is reporting that the saudi kingdom central bank and state pension funds have ordered the managers of their one hundred billion dollars in investment abroad to execute and sell off all holdings of canadian equities bonds and even cash the monarchy has also now suspended all flights from canada by state owned saudi arabia airlines and earlier today in riyadh the saudi foreign minister reiterated the hardline policy shift telling reporters quote canada made a mistake and they know what they need to do to correct it and here to bring us up to speed on the whole diplomatic. then the impact it could have on markets we now
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turn to our correspondent alex mann hile that huge joins us live from toronto alex welcome as always from a financial perspective what does this look like for canada and the saudis like i mean for the saudis this is an easy target they get offended by criticism really easily it seems and we're talking about four billion dollars worth of trade here between canada and the saudi arabians one point two billion of that is actually what canada exports to saudi arabia so boo hoo really for the canadian standpoint no really big deal when you're talking about the big picture but look what the saudis have done ok so we can break this down quite easily we start with the ambassador of canada being booted out of saudi arabia then they pulled their ambassador from here and then they just started to trickle down into other sectors saying no new foreign investment or investment in canada no trade with canada nothing you can happen with canada and then of course the newest is when this my favorite favorite is we can barley they're not allowing wheat and barley in from.

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