and particularly pipeline news we'll talk about that and we'll look at pipeline stills with the director of public citizens energy program places slogan and the trade war has got fish in a tangle our correspondent ashley fantz fills us in on the latest details and while the efforts to denuclearize the korean peninsula may seem levy's stalled south korea is making lose related to harmonizing the north and south korean economies artie's alex behala which joins us from toronto with the latest plus there's some to some that's a bit coin boom is over kristie i have counterpart actions back in studio to talk about the turbulence and price drops in crypto this week all that ahead first we get to a few headlines. the affordable housing deficit the united states continues to grow and some developers now say rising interest rates are draining resources from efforts to build new housing stock a wall street journal cites figures which show construction of new affordable housing units will rise to ninety thousand this year but that figure is below the

units built in twenty fifteen and twenty sixteen while the trump tax cut approved by congress late last year reduced low income housing tax credits and at the same time as we all know watch this program the new law lowered taxes on corporate profits to make matters worse multifamily housing bonds issued by states and local governments for this purpose have declined by twenty percent that's already this year the national low income housing coalition said in their most recent report that only thirty five affordable and available rental homes exist for every one hundred families of low income or aspiring renters leaving a shortage of seven million seven point two million units that's nationwide. and as housing issues are heating up in the island nation of new zealand kiwi lawmakers voted earlier today to ban buying of existing homes by nonresident foreigners the prime minister a durned is expected to sign the measure which was part of her campaign platform on homelessness in a horrible. housing in last year's election in two thousand and seventeen the

economist magazine reported that new zealand had the least affordable housing market in the world with housing prices and auckland rising seventy five percent over the past four years during debate on the bill associate finance minister david parker told parliament quote we should not be tenants in our own land while the measure aims to be retaining a retaining wall against floods of foreign capital it will not apply to buyers from singapore or from australia despite heavy investment flows from those neighboring island nations. a five hundred forty five mile five point two billion dollar pipeline could carry natural gas from the caspian sea to italy but the pipeline has been controversial like many pipeline seem to be all over the world five star leaders in italy have pledged to oppose the measure but now some say that their earning power in italy

that some are thinking they're backing off from that position all this comes at the same time we spoke about this on the last broadcast that there is a landmark deal related to the five nations bordering the caspian sea the largest landlocked body of water in the world the deal was struck on sunday regarding the legal status of the body of water which borders russia iran and three other nations the agreement is anticipated to reduce regional tensions and could quicken the development of profitable oil and natural gas projects as the caspian estimated to hold some forty eight billion barrels of oil and two hundred ninety two trillion cubic feet of natural gas and here to talk about all of that in about pipeline safety and the high end unfortunate number of spills is the director of public citizens energy program tyson slocum tyson thank you for being with us again it's always a treat to have you yet love to be here ok so first of all it's hit on this caspian deal this has been two decades in the making and as they say there is oil in them their waters and so it was a big deal what do you think it means for energy i think it's definitely going to

expedite the ability for more direct foreign investment to get in there and it's going to make it easier to get that oil and natural gas out when you've got that framework for a deal you've got more certainty for those western oil companies that are invested in some of those cars and i was a bridge on field so i think it just means it's that the oil and natural gases is going to get quicker to market and i guess it all depends on how much it takes to the cost of extracting that stuff but there's lots of it so it's probably worth a while and how about this. pipeline going to italy like all pipelines it seems that like most pipelines it seems to pretty be pretty controversial and what's that all about well i think what it is that shows kind of a split between some of the grassroots activists that helped elect five star and the disconnect between the leadership of the party you see the same thing in other countries the united states for example a lot of the grassroots activists particularly democratic party are very anti

fossil fuels but you just saw the democratic national convention vote to accept fossil fuel money so and that's angered a lot of the grassroots activists so a similar type of situation here in italy where a lot of the grassroots activists and some of the folks who have their money inters them are concerned that this pipeline going under the age riyadh akin to the heel of the boot in italy risks environmental catastrophe and contamination but it looks like some of the folks in new political power are looking at dollar signs or euro signs and. maybe backing off a little bit all right get to that in the middle minute hold quandary but that leads us right into pipeline spills and discussion greenpeace but there's enough to put out a report but there's a number of folks that put out recent reports and i want to make sure i get this right i want to read it but the u.s. pipeline and hazardous material safety administration to the u.s.

agency shows that family of hazaras liquid pipelines experienced five hundred twenty nine incidents now this is over a long period between two thousand and two and two thousand and seventeen spilling eighty seven thousand barrels of oil and causing an estimated one hundred fifteen million dollars in property damage i mean i had no idea i mean some of those are small but i had no idea that this which was such a large thing and even the controversial dakota access pipeline which didn't begin. you know the the the flow until two thousand and seventeen has had seven incidents or accidents all ready i mean what do you make of these big numbers well and it's important to note that that greenpeace report is really only looking at two companies energy transfer partners and sunoco when you look at the national scope there are tens of thousands of leaks some of them small some of the major and there just isn't enough transparency there was a big famous pipeline spill couple years ago owned by exxon mobil the pegasus line

in arkansas and the really telling thing was after the spill can completely contaminated this entire community a bunch of the property owners were like we didn't even know that there was a pipeline under our property so there isn't even adequate disclosure in a place like the united states we don't have enough regulatory enforcement so that means the agencies tasked with overseeing the tens of thousands of miles of network pipelines across the united states we don't have enough inspectors to make sure that they're safe and we don't have enough in foresman resources so the biggest cause of a lot of these spills is just simple corrosion or weld fit fails in the pipelines and that's something that needs constant monitoring and we have public service and do not trust the pipeline industry to do a good job with this which is why you need that strong enforcement capability but

we've got a minute left but i do want to ask you about this quandary that i referred to earlier you actually raised it you know you've got government they need resources a company comes to them says we're going to do this you're going to get a tolling fee on the pipeline going through your country or ending up in your country and so you know the politicians the bureaucrats are really looking at green or whatever color the currency is and maybe looking the other way on safety this is an ongoing problem that i think probably around the world right right and if you don't have. parents see in the interactions between the pipeline developers and the government officials you might have under the table pay offs or things like that that are motivating we just need to make sure that we have a full life cycle analysis of these pipeline proposals and that safety is the number one priority tyson slocum director of public citizens energy program it's always so insightful thank you tyson for being here always my pleasure. and from

total apia to to not tariffs could have a huge impact on the seafood sector r.t. correspondent actually banks reports. you may soon see an uptick in prices when it comes to your favorite seafood thanks to a new round of tariffs the u.s. may impose on china last month the trump administration proposed a ten percent tariff on two hundred billion dollars worth of end points from the asian country including dozens of varieties of fish from top to tuna the administration has proposed a new set of tear of so that could increase to twenty five percent spiking the cost of your average seafood item according to the national oceanic and atmospheric administration more than eighty percent of the seafood americans eat is imported about nine hundred million dollars and fish and seafood on the list of end imports as first caught in the u.s. mostly alaska and then sent to china for processing and to things like fish sticks and filleted these items are then and courted by the u.s.

and sold to american consumers this practice has made china one of the top source of seafood for the u.s. all domestic seafood processing plants have faced a labor shortages and high cost these new round of terror of could affect the private fishing industry and the lasca which provides sixty thousand jobs to workers many leaders are free of what's to come the alaska seafood marketing institute is preparing a draft letter to the office of the u.s. trade representative and an attempt to convince trump to refrain from imposing tariffs on china the president a fortune fission gourmet company based in chicago imports three hundred and thirty thousand pounds of squid tilapia and snow crab every year from china he says he will lose customers of the tariffs are employment he told the wall street journal he has increased his orders from china and order to get ahead of the tariffs trade representatives agreed to the new round of terror of this could mean

a loss of business core all walks of american companies and washington actually banks arts. and time now for a quick break but stick around because when we return alex behala bitch joins us for the latest on an insulin and the moves that are being made to harmonize the north and south korean economies plus christiane have counterpart x.'s back in studio to talk about the terrific tumbling kryptos this week is the pit bull over as we go to break here the numero the closing bell bitcoin is up strongly over the past twenty four hours even though there's been a big tumble and we'll take a closer look on that when we return right that.

we have no idea what safe he's doing on the vacation but she will be back on in in september. me me me me me me me me it's a very rough furthur and you saw it's rough climates and you have to find to be able to live in a flat. it was gunshots on top of them and it's all very fresh what happened in the morning and i've been even not. don't think anything will back up for me you know i don't want to see it but a body in the true and is ready to participate in the good. old to live good to live in movement if. you don't think about these to leave this old coat on no you

got three teams played and you know those and other patients. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics small business i'm show business i'll see you then. welcome back u.s. grocer kroger is taking a big leap all way across the pacific ocean into the growing delivery market kroger has just announced that they will partner with ali baba group the major chinese

e-commerce platform to deliver products from their store to customers in china kroger's products will first be sold on alibaba as team all global site in an initial test run the largest us grocery store has been showing real hustle on the online and delivery front with a number of initiatives in recent months we recently reported on kroger's delivery partnership with the u.k.'s ocado grocery store chain kroger stock rose nearly three percent on the news the company's stock is up about eleven percent already this year while kroger's efforts are taking off they still face a number of competitors in this brave world of delivery sales including wal-mart and incidentally wal-mart holds twelve percent of the stock an alley bob his main competitor and their rival j.d. dot com. and catching up with the growing field of nicotine delivery devices new competitors are challenging jewel labs which is quickly established a dominant position in the growing space jewel sells

a viper rise nicotine product which based upon nicotine salts reportedly has over seventy percent of the us market for what some call it. uses of the drug delivery devices who still young or call it they ping or bought the of a pink that is the products which produce a vapor that delivers the drug to users were first hailed as a possible smoking cessation aid for those who want to quit the delayed the deadly and dirty habit but public health research of recently announced that the rather than helping smokers quit they ping is hooking younger people on nicotine leading some to eventually take up actual cigarette smoking and july impair your brands the owner of winston cigarettes be. introduced their own nicotine salt cartridge under the name my blue to be used in vaporizing pens the salt formula reportedly causes faster absorption of the drug in the human bloodstream and philip morris the familiar and name and tobacco that big tobacco conglomerate is also developing

a nicotine salt product. and with the u.s. president donald trump effort being in his own way that is to denuclearize the korean peninsula south korean president has taken the reins by proposing the development of a single economic community between the north and south in hopes of ensuring both peace and prosperity for the region artie's alex mahela that joins us from toronto with the latest hey alex a thanks for being with us on this what are some of the steps that they are putting forward by south korean president in. president who took the opportunity to speak about the status of the celebration marking the liberation from japan back in one thousand nine hundred five not at the korean liberation we talk about the korean liberation at the time that was both north and south korea it was one entity and this really is sort of that a motional attachment to a reunified korea we're not talking about that at this point but he is so hoping that something like this could happen in the not too distant future of what i say

that i'm talking decades but anyway his proposal right now is just breaking down different facets of the economies and moving forward with that like creating zones of north and south korea along the border that would be economic zones where they could share and work together as a singular economy he's talking about the roads and the train tracks reestablishing those roadways and rebuilding the train tracks so they could actually go from north to south that there wouldn't be barriers between them he talked about eco tourism something that both countries can harness and many other economic basically initiatives that they can push forward now talking about liberalization here's their liberation i should say liberation and here's a quote from moon himself today he basically said it's true liberation for us to move for a single economic community and to freely travel between the two koreas even a political unification is far away now just imagine that a career north and south korea where people can actually cross the border to do business at any given time without all these barriers that exist now so that moon

move on its own would be absolutely massive so when it comes to these train tracks and roads mood is really ambitious he's talking about doing all of this by the end of the year now what other initiatives you want to push forward as well you might remember that case song industrial park that was built back in two thousand and four in north korea employs fifty thousand north koreans but the investors there were south koreans so you saw textiles you so i'll try to be build by the north koreans and it was a joint venture project of sorts two thousand and sixteen though that was shut down by south korea simply be. cuz of the nuclear test that north korea was doing so nuclear tests obviously a big deal here economy though is what moon is saying can bring peace to this area he's saying that one hundred fifty billion dollars would be made over the next thirty years if they actually saw this cross border co-operation happen but the bottom line is what he's saying is that we need to see denuclearization from north

korea for any of this to start up so that is always been on the table and it still is alex i mean a couple of things come to mind with your reporting one is that there's such an economic divide between the peoples in both north the north and south i mean i don't remember the numbers exactly but it's less than two thousand dollars a year in north korea's the annual income and south korea it's you know in the high teens so it's a significant gap so creating some sort of harmonized economy is going to be tough and as you say expensive and that's after south korea spent all of this these billions of dollars preparing a facilities for the olympics that i guess are going to be used too much and in the future but my question for you alex is how does all this actually fit into the bigger the global picture around the world. i mean the you know the rejoining of these two koreas i mean you can remember just east and west germany i

mean that was a job in itself and how many decades later it's looking better but east germany is still the poorer part of germany so this is something that takes decades upon decades now the big picture here what moon is talking about is something called the east asian railway community now this would include the koreas china japan mongolia russia as well as the states he's talking about an energy movement of energy sources be coal be it gas from one place to another he's talking about trade he's talking about the movement of people so this would be a huge thing but here's the problem we're since looking at a country that is under sanctions united nations sanctions right now and that would be north korea these sanctions were imposed in december two thousand and seventeen so even that first step of south korea working with north korea has been made a little bit more difficult north korea however says that in the past week this is just from last week it says that it has stopped all nuclear missile tests it's dismantled its nuclear underground test ground and returned remains of some u.s. soldiers which is some of the demands that the u.s. made so it's saying look we're doing everything that the u.s.

wants we're trying to push forward here but then you hear michael bolton saying there's something very very different at a michael ball john bolton oh my god i went to the saying are there for a second but again you know korea the if anybody could make an impact here it would be south korea these countries are literally next to each other it's one in the same the same culture the same people and so they are the ones that really have the reins here in this in this situation and now what's happening in september is that moon will meet with kim jong un again for the third time which is a huge in itself they're hoping to push this forward even that's minuscule things like when we think you know oh my gosh a road or a railway that's huge when you look at a country that's been the hermit you know regime the hermit kingdom cut off from the rest of the world for somebody like south korea or a country like south korea to put all this effort into that. well you know what good things can happen and they probably do need a pat on the back from the u.s. which would put a big step forward in all this that's really great reporting thank you so much for

digging into it for us r.t. correspondent alex my hell of it thanks alex thank you. former awkward well just a little bit as we reported the break on bitcoin prices but onward to kryptos to do it right we are once again joined by christy are you of counterpart x. christy thank you for being here with us as always it's great to have you think yes ok so because we took this and other kryptos took this big hit in the last couple of days and what do you make of it so the market capitalization for all the cryptic currencies in circulation right now has dropped briefly below the two hundred billion dollar mark for the first time this year and this is this has been caused by a variety of factors but the main culprit that we believe is the companies that are currently out of decline and if you're am and the referring to all the start ups

who raised money last year they raise hundreds of millions of dollars in these i.c.'s and they got it in the form of bitcoin and in the area and right now all these companies are forced into a very tough decision because all of these founders they were very happy twenty thousand twelve hundred but right now with a tumble in the current market conditions and i think about three hundred they're facing a very contracted runway right now so all of these companies they need to face a decision of whether or not to sell out of there into like u.s.d. in order to shore up a runway or they can petition potentially risk folding shop very soon so right now we've seen a lot of these companies come across our train desks and they're selling things in the mid three hundred s. and because of this because of this we've seen a domino effect all of the i.c.a.o. companies in the community right now are selling out of their big quien exciter a in order to shore up kaplan everybody wants to sell at a higher price and this has contributed to a forty four percent decline in price of its here in the last two weeks and that has to strike the entire market down along with it forty four percent is huge you

explain that beautifully and i understand it but i want to break it down a little bit more just to explain how that actually works so if you're. initial coin offering company and you're raising money you're going to be using bitcoin so even if you have a coin that's a a bar coin or krissy a great watch it kristie bling watch coin you're going to get your investment in bitcoin or in ether which creates all of this of volume in bitcoin trading and one of the reasons why people think the coin raised to twenty k. last year was because of all these icy goes right and so what you're saying is these i c o's are now saying ok i want some cash and they may need some cash they may need to keep the lights on in the rent and pay the employees yeah yeah so that's a very interesting observation i think we somebody maybe a suggested that a little bit earlier in the year when it was going down but now we have data and we're so glad that you've shared it with us and lately and i said it in the sort of

the headline earlier in the opening about you know some economists are now predicting you know the bitcoin boom is over but there's always been you know the naysayers and the haters on kryptos and you think that's what this is because i explained it beautifully i think we're in like the midst of a trend right now in the midst of a small bear market trend and this is not the first nor is it the last cyclical asset that we've seen do this kind of thought has seen an eighty percent bear market before in the past so this is nothing new even for cryptocurrency standards and i think this is very analogous to the early days of internet stocks because if you remember in the early one nine hundred ninety s. when you have amazon you have like a huge rush of people by amazon on speculation and hype and this growth amazon prices ridiculous a high but then people lost interest when i experienced some problems like problems in terms of growing band with them like delivery adoption and internet privacy laws

so there was a lot of there was the technology wasn't as mature as people expect it to be and then people started dumping amazon and. all of the technology stocks. and crashed so this is kind of what we're seeing the cryptocurrency landscape right now at last year there was a huge rush watching everything decentralisation everything and now this year when we have people actually building out the product or seeing some problems or seen some problems in terms of like scaling some issues and speed security issues standardize ation and these polls will all will be resolved but it just takes a little bit of time and so like from peak to trough and back to peak again for amazon that took nine years and microsoft took seventeen years and so far cryptocurrency where in the midst of building right now and it's going to take some time to develop the proper technology and infrastructure and framework in order to have mass adoption and you know when we look at markets and we look at these things all the time we look at the highs and lows and we show charts on this program you could find other places all the time but i think we're so focused on the existing

economies and what we look at with stocks and it just seems to me that cripples are so different that we can't keep putting them into our institutional financial sector box we have to understand that this is completely revolutionary and we're so pleased that you come on and try to explain what's pretty intricate stuff first christiane counterpart x thank you so much interesting and that's it for this time you can catch boom bust on directv channel three twenty one dish network general two eighty or streaming twenty four seven on pluto t.v. the free t.v. channel one thirty two ers always get us up at you tube dot com slash boom bust r.t. we'll see you next time. my .

the way to the united states is dangerous for most of the illegal immigrants. crossing their fingers just as the little simple they want to become must enter and i want to ask some just about what if many of them look for refuge in the so-called sentry sites the refuse to share information about undocumented migrants with federal authorities that first class bank of mom. policy to point out. that a person i get i'm in a lot of class and the one that. they can't get water they all choose to stay in the country with donald trump in the white house all over for the gravels the both of you what if you could be that to be. a sense it struggles of many couples won't . go which at the push to put impulse response both of you out of the popular culture but. when

lawmakers manufacture consent to instant to public wealth. when the ruling classes protect themselves. with the financial merry go round the sun be the one percent told. to ignore middle of the room sick. i mean real news for the world. again.

with parliamentary elections looming sweden is rocked by a string of. the country prompting intense speculation over who started the. war. says former cia director john brennan exhibits erratic behavior and revoke his security clearance threatening a number of other officials with the very same measure. currencies around the world take a pounding as the economic standoff between turkey and the u.s. .