tv Boom Bust RT October 12, 2018 8:30pm-8:49pm EDT
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scheduling and other information amongst the four airlines the c.m.a. said quote this case is an early stage and no assumption should be made that the atlantic joint business agreement infringes upon competition law that said the regulators of missiles ground air telecommunications tanks but when when when president trump went to riyadh as his first foreign visit when he was right after he became president he signed a one hundred ten billion dollar deal and that's supposed to mushroom into more than three hundred billion dollars over a ten year period so the consequences of arms sales and purchases by the saudis is significant and i would add that this was one way that. bin solomon mohammedan some of the crown prince was in effect able to buy the united states and probably figured that he could get away with almost anything is long as he had troubles back in and probably didn't think that there would be any consequence to to that
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relationship in if he allegedly ordered the killing of jamal khashoggi and michael do the saudis buy weapons from other defense contractors or other nations oh yes sure the brits every time they want to make a deal and buy a come and buy a country allegiance and influence they'll go into massive deals the the saudis have all kinds of weapons stored up they don't even use and i might add they don't even know how to use them so it's so it's and this is this is their way of buying into influence in the world and i would say that that's why you're seeing right now for the u.s. perspective why trump may be going very carefully because his entire middle east policy hinges on that u.s. saudi relationship along with the alliance with israel i mean this this whole thing could just blow it wide open especially if members of congress. take it upon
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themselves then to start restricting these arms sales in response no there is that letter from twenty two senators the other day saying investigate this and tell me you say that you know the u.s. import of saudi oil isn't that big but what if other nations started saying no we're not going to take this oil i mean would they do that and if so would it have an impact much of it impact what might it do something with oil prices. but i think the most important date is going to be a member for because we just don't know but there's a wrong sanctions are going to mean up index was down for the week and the day although the country see if some good news this week with a new economic growth projection of two point eight percent this year and three point six percent next year and of brazil brazil with both best put down for the week and even though they too received a forecast that brazilian inflation will soon suicide still down and in new york we look at our friends here at nasdaq and why you see what we've been talking about
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a lot lately driven by the techs to do were down for these two days big time although it made a slight recovery today at nasdaq in particular those tech companies are listed and facebook which is listed on nasdaq continues their troubles yesterday they said that they were taking down hundreds of accounts and pages many of which say they spread they say spread political misinformation however many sites were legitimate including the site of guests who are to correspondent rachel blevins who had seventy thousand followers needless to say the company is now getting some pushback and today facebook said that they had their security breach that they announced late last month that compromised the name and contact details of nearly thirty million facebook users and information like birth dates and employers for fourteen million users they have no financial information was compromised that's what they say at least bottom line facebook stock fell about a percent today on the news although stock is down a. whopping thirty percent since its high enjoy so i say both nasdaq and s. and s.
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and y. se down pretty big time for the week but slightly up today and we finish just north of the border in toronto why people put money in the toronto stock exchange the s. and p t s x index were fairly a bit of a chill all week as it dropped and on thursday to a new six month low but your global market round up all the markets around the planet down down down while and here are your local numbers for the new york for the day we'll be right back after this. the wings of the united states is dangerous for most of the illegal immigrants.
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there's a lot of sympathy i want to. turn that one the last on this topic but as many of them look for refuge in the so-called sing tree science address used to share information about undocumented migrants with federal authorities. began. listening to point out. that next time i got i mean a lot less than that but that. was the options to stay in the country with donald trump in the. supposed. to be about to do. a push to put it. up you upwards of up to the top of the. annual. i am not the. type of time telling plan that.
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a merger which was approved by the us department of justice well another merger that took place earlier this year has reaped really big rewards this one is walgreens drug stores which took over for four point four billion dollars the write a drugstore change the third quarter numbers for walgreens showed a whopping get this seventeen percent increase in pharmacy sales year over year overall sales rose by eleven percent the market share of walgreens has also increased eight percent and a half from twenty point two percent last year to twenty one point seven percent this year walgreens now has eighteen thousand five hundred stores across eleven different countries. it seems not even x. white house officials can resist the allure of chain gary cohn president trump's former economic advisor announce that he will be joining spring labs a block chain startup the idea is that banks and corporations would use the block janine to make it. easier and safer to transfer your identity and credit
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information it's an idea that has some merit in my view as in the case of equifax which came under cyber attacks resulting in over one hundred forty three million customers having their data stolen last year and of course now equifax spams people with e-mails trying to sell them their services they may can bribe you with credit protection for the price of course equifax has a major breach and geez louise these folks mr cohen joins a growing group of high profile people joining blocking based companies such as the former commodities head of j.p. morgan blith masters. you may have heard that starting november first amazon will raise the minimum wage it pays for workers here in the united states to fifteen dollars per hour the move covers some two hundred fifty thousand current employees an additional one hundred thousand seasonal workers that certainly sounds like news for getting those in the increase but there are some who are saying that the raise
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isn't all it appears to be and that the move may actually her workers at amazon and other companies in the long run and what about amazon workers and their working conditions in other parts of the world here with the answers conservative commentators steve malzberg and hillary for which president and founder of mark business development consultants thank you all for being here pre-shared it. hey steve let's start with what amazon did here they raise the hourly wages in the u.s. but what other actions did they take to address the workers well first of all it's a big public relations boon for amazon obviously they've been the target of so much controversy when you please bernie sanders senator from vermont and larry kudlow economic advisor in the trump administration they both praise your move you're doing something right i guess they also assure themselves that they're going to be able to lift workers from other companies and certainly stock their seasonal needs but. a lot of workers at amazon suddenly notice ok this minimum wage is going up to
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fifteen from somewhere around to between ten and fourteen but you're doing away with our bonus program you're doing away with our stock incentive program for senior workers and they're not happy about that also warehouse workers who are now making fifteen dollars an hour already they're just getting a slight little bump not the a bump that the you know the other workers are getting where it's most fifty percent in some instances so not everybody is happy by any means amazon on the other hand says no no no you don't need incentives a bonus is just what you know what you're getting and you're more secure that way but not everybody buys that well i'm glad we're questioning more on this because i thought you know a that's a good move but i was speaking with the former amazon worker over the weekend igs point exactly the sorts of things you're talking about hilary when we look about amazon workers around the world you know they don't fall under this list wage increase here me what do you think they make of about it and what about the working
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conditions because we've seen some allegations of big problems with amazon workers in the u.k. and even in other places yes well bob i assume you're referring to the controversies in the u.k. that was surrounding the amount of production they had to deliver each and then also the bathroom break issues of course it should be reported particularly in the observer in the u.k. i think going back to what steve was just saying he is correct and all of his points but there's also another issue as well and that is that there is a big movement now that these global companies may be taxed where their workers have to be resorting to food stamps i think that's another thing to layer on top but in terms of the international work yes i mean unfortunately when jeff bezos was in germany there were protests when he was going to be receiving a humanitarian award you know he employs sixty thousand people in germany but there were protesters outside due to working conditions because they don't have the same kind of collective bargaining that they are. want in germany on the controversies
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you mention in the u.k. they've also had some issues in spain and poland and other european countries i think the issue for a lot of global workers is it's very difficult to have the same policies the same procedures in place because there are different priorities in different nations when i work for global companies as you know i have a number of them there were different standards in different countries for example in the u.k. executives predominantly receive because we don't in the in the u.s. on they maybe you know five to six weeks vacation in germany we don't have that in the u.s. and there we receive more in salaries so when you're looking at an amazon waka there are different different priorities in different nations and i think there are grumblings in each of the nations from a distant different aspect of the problems however i think we should look at this positively look how many jobs amazon has also created in countries and in many cases in locations where the haven't been any jobs previously so instead of being grateful a lot of those in troy is that now have the jobs on as grateful absolutely and
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steve let me ask you you mean do you think this will have some residual impact upon other large employers in the states moving to fifteen dollars an hour. yeah i think certainly the competitors of amazon wal-mart that's it i think the levin target is a twelve although they're moving up to fifteen in a couple of years and not competitors as well might be forced you know to keep the low level workers who might jump ship they're more likely to jump ship than that any category of worker but lower base also is also doing here that might affect other companies and workers is he's lobbying now for a national increase in the minimum wage he did it on his own and some say that's great if you could afford to do a great but to force other companies like fast food restaurants i work to mcdonald's on the on my sixteenth birthday i started there a fast food company like mcdonald's or others if they're forced to double the minimum wage or that they paid their workers they get a cut work as they may automate they also have a tax incentive now under the trump plan to automate they get full deductions when
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they do that and you're going to have people no longer they have to take your order you'll have a touch screen cooking will go to automation to a great extent so a lot of people think that increasing the minimum wage is going to result in people closing down shop if they can't afford it is a small business or cutting jobs and the employees will lose in the long run and hillary what do you make of the circumstances internationally in this regard well i think internationally imo because of the looks at solutions let's look at the solutions not necessarily the problem the solution i think internationally bot is the same as it is here in the u.s. there are global best companies to work out and one of things i advocate always tell my clients and to global companies is even if you can't get to the top of the list definitely work out becoming a best place to work with some of those companies for example microsoft google they offer their employees extra things that were required by the law and i think that's something that all global companies should look at aim to be on that list of best places to work because they give the employees so many of the things that not only
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are required but that desire whether it's parental leave whether it's food breaks and providing food. i think historically let's also look at the robber barrons this is not a new issue bob for any company around the world the robber barons at the turn of the century had the same issues take an example somebody like milton hershey formed the company town in england he formed a company town that was outside of in northern england out outside of one of his manufacturing centers so i think the company talent was something that was started a century ago more than corporations should look at how to get on that list and what to do for your employees to keep them happy so that you don't have this sort of negative issue that reverberates around the world because with current technology and they bring the communication everybody's going to hear about it these are certainly issues guys that impact consumers impact all of us as i always say we do here and we appreciate being enlightened and informed by both of you who are for which and steve malzberg thank you so much my pleasure. and now we go to
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los angeles where r.t. correspondent natasha suite examines two exciting and innovative infrastructure projects on opposite ends of the earth they have one thing in common good old gambling. weekend getaway or a planned vacation las vegas is a desert playground for many living in southern california and now that four hour drive plus l.a. traffic give or take might get a lot shorter with a high speed rail system deal back on track private rail company bright line has acquired the project of connecting the city of angels to sin city starting construction next year the high speed rail system will cost seven billion dollars initially it will connect las vegas to victor vale california by two thousand and twenty two however there are plans for an additional eighty miles of track for a more direct connection with in los angeles it's no secret the gaming industry gives the city of las vegas
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a huge economic boom combining all twenty four casinos on the las vegas strip more than fifty two million dollars in revenue was produced for the fiscal year of twenty sixteen and according to the university of las vegas is center for gaming research gave me self attributes for nearly thirty four percent of profits bright lines light studies revealing there are more than fifty million trips between las vegas and on the california every year las vegas isn't the only city in the us nor the globe looking to make a profit from the gaming industry in fact china has to large scale projects that will connect hong kong with dozens of destinations including the former portuguese colony of macao reportedly the world's biggest gambling hub the first project in the works is a high speed bullet train that will cost ten point eight billion dollars and it will connect hong kong with thirty eight destinations with fifteen thousand miles of track it's on par to be the largest in the world hong kong's government
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initially estimated the train would carry one hundred nine thousand passengers a day this year it modified its forecast to eighty thousand passengers a day the reason while there are several concerning factors the train could bring one is the blurring of politics hong kong. operates under its own laws under a model called one country two system. this allows for more individual rights and freedoms compared to china's mainland and now the train station will go all the way into the heart of hong kong with chinese jurisdiction some locals say there are just a point at ticket prices as well as service baggage limits offering men that comfort these many. people have been murdered up here people can raise their massive drug issues up here you have a boom you have everything else that comes along with money.
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and. facebook steps up its fight against fake news to actually hundreds of pages and accounts. moscow opens its arms and a warm welcome to the two astronauts who escaped death on thursday and a boarded rocket launcher ended their journey in midair as they crash landed in kazakhstan. the special operation by the crown prince us media reports that riyadh planned the detonation of the saudi journalist for the detention rather excuse me of a saudi journalist who disappeared in turkey last week and that america intelligence was aware of the threat.
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