tv Boom Bust RT August 22, 2018 1:30pm-2:01pm EDT
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super mind good orderly work on a constructive agenda. well it does seem washington is gripped with sanctions fever with numerous debates 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 if 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 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 surrogate and yulia scream paul
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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 cats up to 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 he
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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. 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 us 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
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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 well a veteran journalist laureate believes u.s. politicians are using the so-called russian threads as a destruction from internal problems the whole thing is quite a conundrum for me why they continue to try to politicize this issue new 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
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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. holidaymakers on their way to the russian resort city of sorts a her reasoning start to their break when the plane's engines suddenly burst into flames take a look at this. for i had just left the russian city of when it had to make an abrupt turn more than two hundred people were on board at the time of the incident all security i would say all the passengers those left safely after an emergency landing fire crews quickly put the blaze on the investigation into be incident is ongoing. and not something you want to see out your window on the flight is it ok still ahead one of the world's most recognizable sporting bronze is facing heavy
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criticism over the release of new training gear we look into why it's an issue after this. i've been saying the numbers mean something they matter to us is over twenty trillion dollars and. more than ten white collar crimes happen each day. eighty five percent of global wealth you long for the old rich eight point six percent market saw thirty percent. some with four hundred to five hundred three per second per second and that one rose to twenty thousand dollars. china's building two point
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one billion dollars ai industrial park but don't let the numbers overwhelm. the only number you need to remember it was one business show you can afford to miss the one and only. sixteen minutes into the program welcome back a sports giant is facing in the u.k. after releasing a controversial government with some suggesting the company is cashing in on galang culture when the public in question has an attachment that can be quote clipped away for easy transit as the company's out suggest and it also has
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a pocket that some say could be used to holster a weapon there's been angry a negative reaction online. there's multiple stabbings every day around the country a massive gang problem that's getting worse by the day and night he has released this seventy pound balaklava are they dumb nike are using a black guy to promote about a club with straps and pockets where there is blood there is money now nike are endorsing gun and knife crime as well as enforcing racial profiling well done why exactly are you promoting a baloch lover in july if this was in winter at least it's hard to criticize. well there have been thirty five thousand to recorded knife crimes in the u.k. over the past two years that's the highest a month since data became available and more than a fifth of those arrested for carrying a knife are youngsters among those bashing night for the controversial headgear is
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social media comedian whitey r.t. he posted this on instagram. listen to midnight nike whatever we offer pronounce it listen to it because right now it looks like a car getting the young people who are involved in junk and with these recent studies that we've been seeing right now in london this is definitely something we know our. people can write no we need for but take what you what i need to explain it you know and i don't do it. oh we spoke to the comedian ourselves who say is the new balaklava is military looking he dives whether it's appropriate. even so you get in the look at these killings that have been happening recently i like ten minutes so we are from my hawks they came up with the wrong timing with this not only that is this something appropriate they should be making because yes this by the two of us we noticed by the club is right there's many stories you can go into and by about this one just seemed to be more military look
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i don't think this was a great idea you should get stuff why would we should just upgrade why you have better we think what are you hiding from us i mean. well apart from why t.r.t. we got the thoughts of other people in london about the product. could be sort of a sportsman like a climber. could be also a terrorist my immediate reaction is terrorists first so it's a bit scary. but at the same time is a scary might be just sports equipment you find a menacing no no the problem is i'm from canada so all i think of is someone being warmed to me it could be a good winter outfit. is not appealing to me at all i don't think you should be allowed in banks and. it's not just so much that it's like what's going on. is as if these could have i don't know you can see it was so
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severe them with weapons and weapons guns bullets something like why the trying to cover the faggots like. i don't see why you watch. you don't want to have a face out you know inviting is not like i'm going to make you to buy you know you you know do you know the branded name i don't think it's really a fashion police i think they might have changed because that is the time to shop for some. but i think it's good to. make a profit on the back of that kind of image it was encouraged more gangsterism you think so yeah of course there's nothing to do with nike if they don't get it from they get it from somewhere else if nothing else oh my god when we're seeing around with people wearing. well the company itself says the product is available in multiple markets around the world sounding that it does not encourage gang culture in any way it has no though remove the sold out item from its website. police in
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germany claim they have for oil the terror plot in berlin authorities in the german capital have arrested a suspect of russian origin their europe correspondent peter all over brings us more. police in berlin of arrested a thirty one year old russian man from the chechen republic on suspicion of planning a terror attack now what the target of this attack may have been hasn't been revealed but what prosecutors have said in a statement is that the intent was to kill as many people as possible now the man has been named. ali see standard protocol here in germany to just give the first name and the first letter of the last name for anybody who's been arrested but he's understood to have worked in the past with a partner who's currently in french custody now he is a twenty two year old that has been named as claymont be who's currently in french detention after he was arrested back in april of twenty seventeen prior to the
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french general election he was picked up on charges as well the other two men under stood to have been planning an attack together back in twenty sixteen but they called that off after police became suspicious of the actions of my command alley see and started to investigate in the thirty one year old from the chechen republic remained here in berlin however the twenty two year old named as clermont b he fled first to aachen and then into france where he was eventually arrested well thirty one year old ali see will face the federal court on thursday where charges will be put before him peter all for a while elsewhere in europe staff in a migration center near brussels have claimed that they are abused and that by migrants on a regular basis police have also confirmed that they arrested three refugees due to the violence there picking up the story re if a national. when workers signed up to help at
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a migrant center near brussels they knew the challenges they could face but now there are green allegations of abuse and violence as stuff come pour in with their stories they have no respect for their women tears they take drugs in the morning and some say they might attack the women working at the center as soon as something happens everything is done to protect the refugees they always have an excuse because of their difficult past many refugees and sold to threaten the stuff but nobody says anything on condition of anonymity workers also complained to local media that a colleague was attacked with a chair leg when we reached out to police brussels for clarification they confer and they'd been called by the center but stopped short of giving any details we. yes indeed we have already intervened at this center the response teams were called three times over the past week in situations like these there are issues either
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between migrants or between the migrants and the organization itself they do not respect the rules or that sort of thing and that sparks conflict. the angio running the facility in c. so they haven't received any complaints from the workers at the center and says it fulfills its mission well. i've been working on the ground for three years now and i literally have never seen anyone attack a woman they're all these lean mentally ill people who insult others then the tension rises it's true but i have never heard any threats this belgium case isn't an isolated one and a volunteer group here in france that helped migrants claimed they had faced similar issues from the beginning our mission was to serve hot drinks and bread and we've done this for twenty months every day during the last month we started questioning our mission as we day one i volunteered to be put in danger they have nothing not even tents they sleep on the ground and sometimes woken up by the police in the morning they kick them and used to take us to move them so when they
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come to us they're stressed and nervous twice last week we had to stop serving food to let the tension calm down this is something new for us so yes we're stopping officially some sixty two thousand refugees have crossed the mediterranean to arrive in europe this year it's not quite the crisis numbers of twenty fifteen but the problem still exists and isn't going anywhere soon very few notion. remember you can always get up to the moment developments on her twitter page literally by the minute there i'm back in just over a half an hour's time you're tuned in to our international programs rather.
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to protect him he said. stopping up and facing. him in the face. down single you're looking at the school so you're talking to the school. kids who are on the list and if you could study them. without a lot of any of us come out of a skid but i'm with up with him as are a lot of us up the money into the magazine about me. getting along oh i left my son home and. just say to. the school yeah right so there is a long. long effort to be made by. other people mark up on whose life was on the couple times.
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hey there this is boom bust broadcasting around the world from washington d.c. i'm bart children and thank you for joining us coming up this time we focus on the eurozone and look at the good the bad and yes the ugly economies we don't know what the help of c.e.o. of strong market worries word which and from germany are to correspondent peter oliver and with u.s. sanctions on iran many companies and nations that do business with the nation are choosing to leave if they can tell it's behind all of it joins us from toronto and tell us about one company companies a french company told tal which is trying to lose plus we go deeper and ask more questions about that story we reported on last week regarding the weed killing month santos herbicides found in breakfast cereals tricked me not to eat for kids anymore r.t. correspondent ceremony. joins us what's it's been nearly nine months since the u.s.
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congress passed and president signed into law tax legislation to reduce taxes on companies and people today we take a look at the impact so far with the executive director of the oh god to act and at american university professor donald williamson all that straight away and other jam packed broadcast but first we get to a few headlines as the summer of twenty eight thousand continues to roast the earth's northern hemisphere there is some big and not so great news on climate coming out of the united states the head of the troubled ministrations u.s. environmental protection agency or e.p.a. andrew wheeler signed a plan to allow increased greenhouse gas emissions from coal fired power plants the plan cynically titled the affordable clean energy rule rolled back president obama's clean power plan and delegate power to reget to various states to regulate coal states of course are expected to go easy. coal under the trump plan allowing a net increase of the emissions that are quickly changing our world for the worse
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but technical analysis behind the rule shows that an additional fourteen hundred people will actually perish will die by twenty thirty if the plan is adopted groups seeking to keep the planet viable for human beings wouldn't that be nice as the beach boys thing hope to use the two thousand and seven supreme court case that ordered e.p.a. to regulate greenhouse gases as their legal tool to block the trump administration's plans in court and there's also politics of energy regarding climate change in australia as conservative prime minister malcolm turnbull today abandoned modest climate and energy plans after intense pressure from the right wing of his party specifically mr turnbull jettisoned a bill to require emission reductions of twenty six percent by two thousand and thirty leaving australia short of meeting their commitment under the paris climate agreement here's what prime minister turnbull had to say in the capital city of complera. now it is clear that in the absence of bipartisan support
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the legislation to move forward with the emissions component of the national energy guarantee will not be able to pass the house of representatives now in politics you have to focus on what you can deliver and that's what we've done and will continue to do. well mr trouble claim the bill can pass can't pass parliament the plan supposedly has support across political parties australians are increasingly demanding action on energy to remedy high prices and climate impacts both of which can be addressed with new clean energy capacity. and as we briefly mentioned here last time greece's bailout has officially ended though our policies imposed as a condition for those credit packages are remains in place starting in two thousand and ten greece asked for and accepted and once compel rather to accept three different packages of financial aid totaling nearly three hundred billion euros from the european commission the european central bank and the international
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monetary fund in greece tentative plans to officially celebrate the bailouts and were cancelled e.u. commissioner of economic affairs pier moscow viki hailed the bailouts and. the fact is that greece she's transformative reforms have laid the foundations for a sustainable recovery putting in place the fundamental conditions need for sustained growth for creation and for sound public finances indeed used to come this was the main goal of the program that and today we all knew that greece concludes its program with a public debt level that these the highest of any. member state. greek prime minister alexis tsipras compared the crisis and aftermath to homer's odyssey a national address an international drug. said our country is regaining its right
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to define its own fortunes and futures like a normal european country without having policies forced on it by foreign officials with no more blackmail no more sacrifices for our people. and in that regard we take a look at the good the bad and the ugly of the eurozone economies you can guess where greece lands to help us out we're joined by the c.e.o. of straw market and from germany r.t. correspondent peter oliver thank you very much both of you for being here and peter let's start with you the good not long ago some experts we reported here peter that said that germany could go into a recession as early as this june well as they saying not dead yet the second quarter growth for the country is surprised and pleased many peter what's the latest. well certainly not dead in fact alive and kicking is the german economy it's performed better than it had been expected for the second
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quarter of twenty eighteen posting gross the zero point five percent to g.d.p. that's up all of what the full cost is had predicted for the second quarter which was zero point four percent what that means is we're now looking at around two point three percent growth for the whole of twenty eighteen and in fact they're predicting that growth will continue through into twenty nineteen where we could see a further two point one percent growth of g.d.p. now they say well those numbers in fact are well above the average growth levels full of the german economy over the last ten years so everything as you say looking well good would be an understatement it's looking fairly rosy for the german economy at the moment and peter which specific sectors of the german economy seem to be making the most progress at least in the second quarter. trade it's all about trade really for germany in fact the figures that have just come out of showing that exports are at the center of the german economy we knew that already
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but the germany set to post the largest ever trade surplus for twenty eight hundred some two hundred ninety nine billion dollars in trade surplus made in germany is a stamp that sells around the world puts putting so much of not of on trade isn't everybody's cup of tea in fact we've seen that upset donald trump it's also upset the european union seven point eight percent of germany's economy comes from exports now under the rules that are put in place to try and keep everything on an even keel by the e.u. you not supposed to exceed six percent so they've been getting it in the neck from the european union as well from brussels from the european commission as well as the criticism they've been hearing from donald trump over the atlantic but what we have seen in the second quarter is the german economy try to steer away from relying wholly on exports what we've seen is a big increase in consumer spending also increasing government spending as well and
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a lot of contributing factors have been given for this talking about high employment rates in germany at the moment also a rate rise in wages across the board in the country and the construction industry in germany if you look out on the skyline of berkeley and you see cranes almost everywhere you look construction is still booming and that is also getting that shot in the arm to the german economy and that's why all of the numbers are in the black and all of the arrows pointing up very interesting and hillary who is good and great but i want to give the bad economy in the euro zone have you have you talk about that and what about the greek debt crisis give us to a quick refresher and how is the country position. now hillary well gee thank you. for giving me greece but no actually i have to say you know bailout sounds like free money but it wasn't it's actually more just more debt so i think the end of this is actually good for the greek economy and i think that it does give them back
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some degree of autonomy of though of course they're going to be still under the eurozone auspices i think what's important to note is how the austerity measures have taken place and they are proud of that take for example just the banking sector there were before the crisis of forty banks now there's nine there were sixty six thousand something soft now it's down to forty there were four thousand branches now it's down to two thousand i think you can see a lot of the austerity measures have taken place in terms of making the banking sector leaner and meaner and i think that's what the country needed there actually is projected to be a two percent growth of g.d.p. growth which is actually similar to germany's obviously a completely as a percentage so much smaller in terms of contribution to the european economy but i think that's good it shows that it's strong my concerns though are about what has happened during this crisis i mean about one hundred fifty thousand of their best and brightest have left there has been a brain drain and i think that's what's going to affect the economy in the future
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doctors lawyers accountants of all left in droves and on to other countries both in the e.u. to the nordic countries to the us canada and china and i think that's a great pity and that's going to be a problem in the future rebuilding hillary get an excuse same question that i asked peter about the sectors which sectors of the greek economy were doing ok which ones not well when you say sectors i mean the sad thing is there really isn't any hard industry so we can't point to things like we can in germany. the largest market cap company in greece is coca-cola so there isn't any large manufacturing i think two sectors that will continue to do well in that they have as an offering and a unique offering are tourism and agriculture tourism although over twenty million visitors that is projected it could grow explain any. it's only at like about a third of its capacity athens could host you know three times more tourists and it does right now it all depends on efficiencies and if government regulations could be relaxed in terms of the amount of entrepreneurial businesses that want to start
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interest of and then agriculture there are so many products that are unique to greece whether it's i think it's one of the number one exporters of both olives and all of oil and grapes and a lot of agricultural products so that's the future for greece it peter real quick we've just got about sixty seconds mean what does this all your turn for the eurozone particularly light of the the trade tariff wars that we've been discussing lately. well the strong numbers posted by germany they translate 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 world tense times for trade because of the trump. well announcement of a trade war april to june but those worries seem to have dissipated following the deal done between donald trump and you e.u. . the. usual employed young commission president i got there in the end
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claude young because it was done back in july that seems to alleviated some of those tensions but 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 in 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 they were italy the debt in italy is even worse than greece they will keep an eye on now and that is a very arty correspondent peer 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 now for a quick break but hang here because when we return now it's mileage joins us from toronto to.
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