really in light of the the trade and tariff wars that we've been discussing lately . well the strong numbers posted by germany today translates into stronger numbers for the rest of the eurozone we're expecting around two point one percent to be the growth across the single currency for the twenty eighteen that was times of real well tense times betrayed because of the trump. well announcement of a trade war april to june but those where we seem to have dissipated following the deal done between donald trump and you you. the. usual employed young commission president i got there in the end quote young because it was don't attack in july that seems to alleviated some of those tensions bullets if donald trump design decides he wants to double down on a trade war against iraq well that would have an impact in the future this is the thing we're dealing with this president and this white house we don't know what's

going to come in the future that could lead to this insert could two uncertainty and not could have a an effect for the long run but as it stands the strong numbers posted by germany really that translates really into fairly decent growth across the whole of the single currency but the way italy the debt in italy is even worse than greece they will keep an eye on now and that is a very arty correspondent peter oliver thank you for staying late over there in berlin peter and hilary forex the founder of that realm our thanks to you both. and time for a quick break but hang in here because when we return now it's one harlow of it joins us from toronto to look at companies like the french company told how and countries that are trying to quit i ran out of what you iran in light of the u.s. economic sanctions on the nation plus r.t. correspondent sara montecito also joins us to dig deeper about the feeling monsanto other side found in breakfast cereal and the executive director of the coast guard tech center at american university professor donald williams that is back to

examine the impact of the large u.s. tax cuts. are they benefiting companies with those stock buybacks or individuals are they getting a big benefit will give us his perspective as we go to break the benchmark standard and poor's five hundred reached a record high today and they've equaled the longest bull run in history all green arrows on the big board today here are the numbers at the closing bell will be right back.

but i am finally come home and also the chickens that have led now positive let on to the point i. wanted to leave you would it be that easy to find ten that out in. your class is that going to take muslims to live a. little. more but i thought it might have been my little bit of a larger one about a little bit that we are shut out of money coming no doubt much of the way for the mob not to get it but it. exists in london slowly

lose. some boards of. legacy live in local. shows seem wrong but old bulls just don't hold. the old beliefs just to shape our disdain to come out ahead and in again because of the trail. when so many find themselves worlds apart we choose to look for common ground.

welcome back venezuelan president nicolas maduro has announced a number of new economic policies aimed at fixing a myriad pressing problems including rampant inflation mr mcgirr also called for budget austerity increased pensions and a minimum wage increase of over thirty four hundred percent and proposals linking the value of pensions wages and a new ball of our currency he's proposed to the value of oil based petrol cryptocurrency tax measures including a that a value added tax that exempt food and medicine are also to take effect this week most observers say the math doesn't add up mr president even sympathetic economist half for years called on the venezuelan government to address fundamental

imbalances in their currency exchange and import systems to boost domestic production and curb inflation and corruption. french oil giant told tall has pulled out of a lucrative iranian gas project due to u.s. economic sanctions the five billion dollar deal to develop a giant natural gas field is now in limbo but help may be on its way argues alex mann hyla bitches and toronto with more alex thank you as always for being here why was total so quick to back down from from the project is it all to do with the sanctions. has everything to do with the sanctions look they were one of the first companies to come in after two thousand and fifteen when that new deal was signed and the u.s. along with a lot of european nations and others was all you know thumbs up for doing business with you rant well now it seems like there would be one of the first ones out and all the help in the world just doesn't seem from that at least from their friends at the french government and the e.u. doesn't seem to be able to put or put any influence on the u.s. government the u.s.

government is refusing to sign any kind of waiver which would exempt total from being exempt basically from the oil and gas stations that are kicking in in november now for that company at this there's a reason that they're reacting this way by chickening out very very quickly and getting out of dodge or in this case they ran and that would be the fact that billions of dollars in that company and their assets are actually us without ten billion and the fact that ninety percent of the loans that they have are from you banks so they are obviously highly vulnerable to these u.n. sanctions and for a company like that is that it's a major oil producer of major company in the game they don't want to have anything to do with any type of penalties that may be incurred so they're getting out of their air but they're bolting you know it's so interesting alex and we've talked about this a number of times i mean right when the u.s. said they're going to pull out and then impose additional sanctions on countries

and companies remember the europeans present mccrone said no this day and we'll even compensate you well it doesn't look like that's a road that anybody in the euro zone is going and total being i guess the big one i mean what does this mean for iran alex. well of just what you said you know it's interesting also the chinese banks said well if the us don't want to fund you to a lot of these companies especially from europe there's a well we'll back you up but it doesn't seem like anybody is biting for that offer as when it comes to iran i mean this is obviously big news for them we're talking about a deal that would have lasted over a span about twenty years from two thousand and fifteen this is something they desperately needed in many ways so when they announced this and it was their minister actually they really an oil minister is name is john numb darr. zangana and so he when he basically said that these guys are going out of the south park project this was very disappointing for them because this whole the project itself was supposed to bring in modernization and just basically clean up some

infrastructure that is very old but not everything said and done because in this project there's another investor that investor had about thirty percent and that might pump it up to eighty percent and that would be china as the chinese state owned companies see n.p.c. there there's a good chance that they may take up about eighty percent of this project now the other twenty percent would remain with the iranian government and china also has promised to buy more oil from iran so if those when the sanctions kick in they're going to be to help their to help and who's going to getting by that will be the states because china is going to lower its orders of american oil r.t. correspondent alex mahela bench thank you as always alex. thank you the other day. the other day we spoke about the environmental advocacy group the environmental working group which found a dangerous club aside glycine of fate used by the made by the monsanto company

they found in cereal and months into a recently was bought by the german drug maker bear well we thought the topic merited a little bit more deeper discussion are pleased to be joined by our correspondents here i'm on to discuss so you've been looking into this and we're so pleased i saw you on other programs that are to america you were so great on it but it made me even question more we reported that bears stock went down but what of markets been doing since the end of last week so bear stock went down last monday it really plunged and it continued to fall through thursday it seems like it's starting to pick a little bit back up but it lost eighteen percent of its value since the verdict and hundred percent and it's still lower than it has been in the last five years they must of you know when they bought months and they knew this the problems could come but they probably didn't know that this much would be the problems anyway let me ask you about the definition of what this level so the environmental working group but there are left leaning progressive i love them but there they are

progressive groups out there so their standards might be a little the standards they use may be a little bit more strict than others and that the f.d.a. is that california that they're comparing this to saying that it's a problem using california standards fellow e.w. g. is comparing it to e.p.a. and california which are all obviously very different california's proposed rest because one point one milligrams of life again this is for adult level is one hundred forty milligrams and even lower at point zero one milligrams and e.w. is one one hundredth of the california proposed limit and. there have been several critics that have come out and said you know there might be some glyphosate in your cereal but there's nothing to worry about that doesn't mean that you shouldn't feed your children cereal in the mornings it's all about the intake a lot of people are voicing that it's mostly people who eat this on a daily basis and eat it you know throughout the day so it's just about the levels and california so this california is risk was developed by state scientists and

this was after twenty fifteen the international agency for research on cancer claimed that life to say it was a probable carcinogenic to humans then after that was when california came out and said we need to put this as a cancer causing chemical. we're going to run out of time but i want to ask you one question that i'd like to have you back on this is somebody reevaluating this to make sure that levels the correct level that we don't get curtain cancer so the f.d.a. has been working on this since two thousand and sixteen since they are in charge of the e.p.a. food standards there is they did say quote the results are being evaluated and those results will be included when the agency releases the twenty seventeen pesticide report so we are waiting on that report to see where they want to get you back as quick as possible to continue this conversation. at thank you sir. and soft drink and their joint pepsico announced on monday that they will acquire

a soda stream the israeli maker of do it yourself so to making machines for three point two billion dollars buying them out at a hundred forty four dollars per share more than ten percent above soda stream starts closing price on friday pepsi's move is the latest episode of soft drink makers seeking to adapt to consumers shift away from the usual price of the sweetened sodas by marketing to others possible products such as sports drinks caesar carbonated water the acquisition also was reportedly one of the final initiatives of outgoing pepsi c.e.o. indra nooyi who departure we covered here and now we shift gears to look at the impact to date of. the us tax cuts to lend us is able hand we are joined by american university professor donald williamson professor thank you for coming back we sure appreciate it thank you ok so we got into this a little bit but i was so taken by our conversation let's do this more so glad you're here and the main question i have is book we know that a lot of these companies have taken the benefits and used it for stock buybacks one

do you agree that's the case and is that a bad thing yes it is the case i don't think when congress passed the law they anticipated that to occur but it has occurred and the bottom line is what will those shareholders do with the money they received on the buy backs will they invest in capital intensive activities as was the intent of the bill or will they spend it on vacations or even worse maybe just take it overseas and hold it there for an vacations to spend it but i guess to get us airfare to get to get out you know i mean people expected that they were going to take this money and invested in new manufacturing and capital intensive things but that doesn't appear to be the case but as you say it may be though maybe they'll buy soda stream with interest so the jury's still out part ok now let's turn to individuals clearly the rate has been dropped. but is it really going to help when you sort of weigh the balances who does this tax bill help more corporate america or individuals well i think it

helps both part of the rate cuts have extended both to corporations and individuals so that any taxable income the last dollar the marginal rate of tax is less for individuals the standard deduction for individuals has almost been double so that only about ten to fifteen percent of all americans will have to file what we call a schedule an itemized deduction form where they account for their trouble contributions taxes and mortgage interest and cetera so it's great simplified there and then the child tax credit has been doubled for those folks so it's two thousand dollars for every child under seventeen so it has benefited individuals it's a tough call as to whether those benefits outweigh. a the great benefits given the corporation and there's also the a lot of the deductions that were taken away some of those were pretty important right yes there's no question about the mention of child care we're pleased that that's there and that helps working families but some deductions are a lot of the deductions that were available for employees in the trades or

businesses have been denied now. i mean i ask you to go into the way back machine and let's go back to the last time a major tax overhaul was passed president reagan a hero of lots of people the republican party and he was a pretty good president in my mind even though i didn't support him but that was the last time we had major tax reform compare the one nine hundred eighty six tax reform act to this one that just passed well the biggest difference that makes this bill so significant is the reduction in corporate tax rates we have gone from marginal rate for corporations of thirty five percent down to twenty one percent that is most significant the intent was to make american companies more competitive with their foreign competitors and also perhaps to repatriate some of those business activities that u.s. corporations were conducting overseas we'll have to wait and see that as well but that is the most significant from a company or corporate benefit that makes this bill more significant than the one thousand nine hundred six act a very interesting and last time we spoke we talked talked about a capital was

a capital gains reduction duction that's going nowhere fast and nothing's changed on that right that's correct donna williamson professor university at coconut center thank you so much for bringing your time thank you and that's it for this time thanks for joining us you catch boom bust on direct t.v. channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. that's the free t.v. channel one thirty two or as always catch us at youtube dot com slash boom bust r t we'll see you next time. when lawmakers manufacture consent to stick to the public well. when the

ruling classes protect themselves. with the financial merry go round be the one percent. that's not going or middle of the room sick. going to the real news is really the way. to forgive him he said. coming up a bit better. than the. yasi will you have you just because you were talking to the. girl not like i last did it go out on the list to meet each other. and that a lot of that i think about comedy is good but i'm a lot the same as art and when i was up the money into the magazine i'm about going

to. tell you a long long long time like ma ma ma ma. just say to me. yeah right so there is a long long. long way from which of you meet. other people more gullible music on the. transom come. up with mr market locked.

slow witted in baseless russia slams newly enforced u.s. sanctions barring a response congress is also reviewing even more aggressive measures against moscow that could hit later in the year. we can bring even more economic team to do we will not hesitate to do so of its kind that does not demonstrably and significantly change. and meantime while trying to counter perceived threats from russia keeps washington busy we need an american journalist. who says the u.s. uses n.g.o.s to interfere in other countries or. plus nike for that positions in the u.k. that it's promoting gang culture after the release of a controversial new sports where. my immediate reaction is terrorists tell me i'm

from canada so all i think of is someone being warm is not appealing to me at all i don't think you'd be allowed in banks and. hi good morning eleven am wednesday the twenty second of august to moscow my name is kevin owen bringing you the latest from the r.t. newsroom this morning then starting with this the first batch of the most recent u.s. sanctions against russia come into force today they focus on exports of american made electronics used in the aircraft and space industries moscow says though despite that it's not going to affect ordinary people however in november moscow could face a second wave of restrictions described by the u.s. state department official as more draconian this is what they could bring the may include. more limits on trade and banking and cuts to diplomatic relations as well the measures of the consideration may also ban russia's state airline from entering

u.s. airspace but washington says the new sanctions are in response to the poisoning of the russian double agent at his daughter in britain in march this year investigation into that case still ongoing and no hard evidence of russia's involvement has been provided moscow has slammed these sanctions no it's slow witted saying they're based on a false pretext as usual washington provided no evidence of justification while only throwing out vicious innuendos it seems they are following the principle worse is better we will counter the united states slow witted blinkered and aggressive approach with sober minded orderly work on a constructive agenda. it seems washington's grip to the sanctions favor these days there's been a numerous debate in the u.s. capitol on how best to punish russia. on capitol hill it was all about sanctions

three high profile events subtle differences but the main thrust in all of them was punish russia the u.k. foreign secretary even flew into town to make his case those who don't share the values need to know that there will always be a serious price to pay its red lines across and today the united kingdom asks its allies to go further by calling on the european union to ensure its sanctions against russia on a comprehensive and that we truly stand shoulder to shoulder with the u.s. to different hearings on capitol hill about russia's supposed one line actions now the two things named are u.s. alexion meddling and the poisoning in britain of survey and yulia screen paul with nova chalk now no proof has ever been presented ongoing efforts to interfere in our sacrosanct election process seize and those of our allies are just some of the unacceptable behaviors of the putin regime putin wants to break apart the american

republic russia's attempts to interfere in the two thousand and sixteen u.s. presidential election are well and widely known russia has undertaken a campaign of malign activities in its attempt to compete with us our allies and our partners and that's a two thirty one gives us more tools with which to respond now all the voices agree that russia has never yielded in the face of sanctions in the past however they say that the answer is more sanctions just because they can the bread and brazenness of russia's malign conduct demands a firm and vigorous response our actions are imposing an unprecedented level of financial pressure on those supporting the kremlin's malign agenda and on heath sectors of the russian economy now the second round of sanctions is due to be imposed in november why well everyone knows that russia will meddle in the upcoming midterm elections the same thing. will spinning spurious narratives about meddling

in the past are now predicting the future when we talk about russian interference it's not just past elections that we're worried about clearly the russians know that the u.s. is on guard at this point they were successful to a degree in two thousand and sixteen we think that they're adopting this as they're looking at new ways to divide americans is there any concrete plan in place for addressing the threat that's actually posed by russia and our intelligence agencies stop them from doing it again now some members of congress are calling for paper ballots to make sure the vote is transparent and it's not digitally hacked americans need paper ballots marked by hand until that system is adopted every election goes by is yet another alexion that foreign governments hostile foreign governments including russia can hack but why bother russia could probably hack papers and pencils anyhow caleb mop and r.t. new york the whole thing is quite

a conundrum for me why they continue to try to politicize this issue and use sanctions of some way to help them domestically except that they're trying to cover up their own shortcomings their own short changing of the american people and to try the blame our divisions an article on the crisis in our racial divide here on an on an outside power which is the oldest trick in the book going back to the beginning of civilization if the democrats lose or do not do as well as they hope in the november election having used rusher again as their as their main talking point they may have to readjust and realize that the progressive wing of the party is growing and that the american people don't give a damn about russia and that they have to finally address the real issues here and leave this russia issue alone and get back to normal relations with this country that is that it's imperative for for world peace essentially for. tech giant microsoft now claiming it's thought it a fresh attack on the u.s. senate and a number of conservative think tanks next is more of you as he goes down wolf reports it seems the usual suspects in the frame. microsoft is ringing the alarm

russians are headed again attempts by russia to hack u.s. senate and conservative groups russian military operation the intelligence operation the russian military intelligence unit apparently how has set up a bunch of websites doppelganger is of those belonging to prominent political groups and the u.s. senate this technique is known as fishing designed to lure unsuspecting users to pages that look just like the real thing and then basically steal their data according to microsoft or they recognize this tactic from a few years back we saw this during the united states general election in twenty sixteen last major in the french presidential election and now in a broadening way as americans are preparing for the november midterm elections midterms are a big deal in the states for those of you unfamiliar that's elections in congress with close to all seats up for grabs this november for russians to mess it up would be the second worst thing after rigging the presidential race except microsoft's

panic post has raised doubts among the i.t. crowd one you don't have to be a hacker let alone a member of any organization to create a fake website of the senate or even the president all they need is an internet connection about thirty minutes of spare time and about fifty bucks job done to microsoft insists it's the new turi as the hacker group known as fancy bears behind their websites mimicking but those fifty bucks should have concealed the domain owner's identity so it's still not entirely clear how microsoft is pinning the blame here still even if it is fancy but let's just say their connection to the kremlin is still subject to debate it's not a hard fact three and probably the most important microsoft has written in black and white that they have no evidence the websites were actually used for any attacks moreover they couldn't pinpoint good. or targets for any planned attacks

to summarize microsoft was driven by a gut feeling that something bad's going to happen when you see someone buying a knife and assuming they're going to use it as a weapon but microsoft insists the threat is there and oh how convenient already has a solution on standby microsoft account god will be provided for free to come pains and candidates it will alert them of potential threats and educate how to keep the network secure so a threat or no threat microsoft has nothing to lose but this new product of theirs won't market itself. as a footnote russia has reacted to the accusation saying that the issue has been created for publicists and no concrete evidence has been provided. so as the specter of alleged russian meddling looms over the us still an american journalist has published a new investigation exposing washington's efforts to interfere with the internal

affairs of countries around the world and undermine rival governments likes blumenthal went to an event organized by the national endowment for democracy it's a nonprofit enzio that was founded in one thousand nine hundred three and is supported by both the democratic and republican parties currently it operates in more than ninety countries the national endowment for democracy says it's working to help non-governmental groups promote democracy in those places and blumenthal couldn't help but notice parallels that i covered the ceremony because these organizations are doing exactly what congress accuses russia funded media outlets control farms of doing in the united states to interfere in other country's politics and with foreign money. the only difference is they do it openly and in the name of spreading freedom. activists at the meeting were quite clear on their agenda as they explain to my explain. so once again. i'd like to express our sincere gratitude to.