it's a mistake so it's a good or. spiritual tradition. to teach history to actually. listen to revoke or should stop spitting. on this tuesday morning and judge funds from the city. guilty of fueling the us state opioid epidemic and causing this drug related death. johnson and johnson will finally be held accountable for thousands of deaths and addiction. to the. g. 7 summit wraps up in france from last weekend but the need is in a tendency to struggle to agree on solutions to any of the world's most pressing crisis. such and so the middle east is israel carries out this strike against reigning in troops in syria coming just days after

a suspected israeli drone attacks in lebanon and iraq. for good morning every day is going good so far it's just 10 10 am here this tuesday the 27th of august in moscow this is life in the world the center we think of an hour and if you wonder news on at the moment ok well in the next we're going to bring you these stories starting with this one a judge in oklahoma has ruled that the drug maker jumps in and johnson is driving the state's opioid crisis and ordered it to pay a $572000000.00 fine he said the pharmaceutical giant run a folse and dangerous marketing campaign was done played the risk of addiction and directly contributed to deaths johnson johnson said it will appeal that decision with a look at the implications of the case in a bit more detail. got a landmark ruling today in oklahoma the drug manufacturer johnson and johnson

a giant big pharmaceutical company in the united states has been found guilty and has been ordered to pay $572000000.00 to the state of oklahoma in order to deal with the ongoing opioid epidemic in the united states this is the 1st time that a big pharmaceutical manufacturers corporation has gone to trial in a case alleging responsibility regarding the opioid crisis this is the prosecutor in the case stating what the judge ruled today judge bachmann has affirmed or position that johnson and johnson motivated by greed and avarice is responsible for the ok would have prevented. johnson and johnson will finally be healed accountable for thousands of deaths and addiction caused by their activities now at the trial the prosecution argued that johnson and johnson and its

subsidiaries had overstated the effectiveness of their opioid drugs when it comes came to treating ongoing chronic pain they overstated their effectiveness in treating ongoing chronic pain and understated the risk of addiction posed by their products previously the way big pharmaceutical companies have avoided going to trial is by settling out of court and paying out hundreds of millions of dollars in settlements to avoid such a proceeding as we saw monday taking place previously it was not only johnson and johnson that stood as defendants but furthermore pardieu pharmaceuticals was on trial as well however they were and they managed to withdraw themselves from the case by paying a $270000000.00 settlement furthermore tell the pharmaceutical industries they withdrew from the case in may by paying an $85000000.00 settlement so johnson and johnson was the only defendant in the case they were found guilty now they do expect to appeal the decision the defense argues that this will not hold up in

a court of appeal they think that they will be exempt and that the the conviction will be overturned however this is a landmark moment because this is the 1st time that a big pharmaceutical company has been found at trial to be responsible for the opioid epidemic and many different forces in the united states have long argued that big pharmaceutical companies should be held responsible for the ongoing opioid epidemic that has claimed a number a large number of american lives. rates of opiate addiction have increased dramatically in the u.s. over the past 20 years culminating in a nationwide epidemic in the late 1990 s. prescriptions for pain killers were readily available as pharmaceutical companies assured doctors that their patients would not become addicted but it quickly became clear that many people were becoming dependent with death row period overdoses reaching a record high of 4202016 the following year the government declared a public health emergency fast forward then 2019 an estimated 130 americans have

been dying every day as a result of opioid medicines the health crisis is also placing a huge burden on the u.s. economy and encouraging higher rates of heroin use addiction specialist on a limb told us that both the pharmaceutical industry and the doctors have failed in their duties to customers and patients. well doctors certainly there are some responsibility for the opiate epidemic but i think to really understand how this happened in the united states it's necessary to realize that a whole generation of physicians was educated to believe that opioids are not addictive as long as you're giving them to a patient in pain and this was a message that was eagerly adopted by produced by johnson and johnson by chance and by t.v. by many other opioid manufacturers why because it helped their bottom line to sell more opioids so certainly doctors have to be reeducated as they are now they have to withhold opioids they have to stop prescribing opioids for ankle sprains for

chronic pain conditions we would not want the pendulum to swing in the opposite direction and for people who really need opioids not to be able to get them so finding some kind of middle ground is going to be essential. french president emanuel micron held on monday what he called an extremely productive g. 7 summit of the 3 days of talks wrapped up and be a rich but the spot the group of attending world leaders voicing optimism for the future of this year's meeting produced to see very few actual concrete commitments is our senior correspondent more against you. it was nice nice stuff the weather was decent lots of people nice people good conversation and good stuff nice good and you. first of all i would like to thank president trump and all the heads of state and government present here for the extremely productive work and

very productive discussions we've had since saturday evening together one of thank you very much mr president for the credible job you did this is a truly successful g 7 there was tremendous unity it was great unity as i said nice not exactly wonderful or amazing but yeah pretty nice i mean could have been better they could have agreed on something significant the cheveley little more argued the little less and the fee there was a lot of nervousness at the outset a lot of expectations a lot of tensions and we had a lot of conflicts just look at the bright side there's always next year to get something done is not nice to be fair there was a lot of stuff on the agenda a trade war with china the brazilian president's rudeness breck's and shenanigans whether to invite the largest country in the world iran for the millionth time.

we all know what trump thinks about iran much as a bit of a cold war between the 2 most of the rest of the world actually wants to go back to the nuclear agreement trump ripped up what a conundrum huh so macron invites the foreign minister of iran hoping to break the ice and surprisingly things became a little all could also unsurprisingly trumpet would heed his own tide before admitting it it was coming in and i respected the fact that it was coming in and he met with president mcbroom in iran is a very difficult situation. in the position not a very good position from the standpoint of economics and that's ok because we concluded a very quickly even said he's open to meeting iran's president when the time is right perhaps after another few rounds of sanctions once they find something in

iran they haven't sanctioned yet speaking of sanctions that trade war is still raging. one man's sanctions are another man's tariffs and the united states likes both so much so trump says he regretted not imposing more tariffs on chinese made goods because as trump making companies and consumers the average american pay more for ordinary stuff is great for everyone which didn't go down well with the rest of the summit squad just think she's one. of you lot of people. to be honest it wasn't trump's greatest performance there they were having a nice dinner all in cincy is smiles and forced laughs and use and brings up the

boogie man. trying joining your mitchell in star red chuen a stew prepared mommy tackled style while trump talks about inviting russia back apparently he wouldn't shut up about it i think if you're working. with a number of people who would like to see russia back i think it would be in it would be at the hague has to do. many things in the world or das it's worse some of those present agreed why on earth would you want to invite a country that's a key player in almost every major global issue. well it would make sense but not off the crimea g. 7 is for friends and friends pretend to be there for each other everyone knows that and putin it seems has better things to do. to get

a little g 8 doesn't exist anymore how can i return to an organization which doesn't exist today it's the g 7 regarding a potential format with 8 member states we never reject any proposals some time ago it was russia's turn to hold a g. 8 meeting but our partners didn't come up but there are other international organizations which play a significant role in international affairs take the g 20 all in all as i said nice great as g 708 sco but not a total catastrophe but this year trumped even scientists single page unlike last year when he simply stormed out. that really wasn't nice. we were a guest of the wheels of involve us libertarian politician whether or not he thought there were any positives to be drawn from the shia summit. the g. 7 is to the world at what the federal reserve is the united states is

a meddling problematic internationally damaging organization whose time has come and gone and we no longer should be having decent meetings at all in my view to me it was political theater i think that the united states and iran should talk i think that not talking to an unstable regime that is on the verge of becoming a nuclear power is a diplomatic mistake what should be doing in terms of tariffs getting rid of all of them there is every reason to get rid of tariffs that does not require a g 7 or g 8 or a g 20 it's simply requires individuals to say i don't want to pay more for the same thing i mean country that unilaterally lowers tariffs is going to benefit its own citizens immediately. but appearing isolated as you said to me tom did strike you will consider return on trade flow to the prospects of you talks with china almost all fall and again it seems now it will take

a look at that later in the program. but next the un is calling for maximum restraint between israel and versa rees's fears of a new conflict in the middle east grow the plea comes off to tel aviv carried out in their strike against iranian forces in syria and some today in what it said was an effort to thwart a planned drone attack lebanon and iraq also accused israel of conducting aerial attacks against shiite militia groups on their territory over the weekend with the latest on record. continued instability in the middle east and the alleged culprit is not the west's usual fall boy the israeli strikes were similar to a declaration of war and our country has a right to defend itself a series of attacks syria lebanon iraq and people are pointing the finger at israel .

at least they owned up to that last attack usually accusations that israel's attacked another sovereign nation are met with silence from tel aviv but this time benjamin netanyahu justified the attack claiming iran was targeting his country with explosive drones according to him the situation was kill or be killed. if someone rises to kill you rise up and kill him 1st in a complicated operation bio security forces we determine that iran's quds force dispatched a special unit of she 8 militants into syria to kill israel's on the golan heights with explosives drones with great determination and in perfect israeli army operational and intelligence fashion we preempted them and thwarted this attack. netanyahu often harps on about the supposed dangers of iran but when it comes to

the facts the islamic republic is often on the receiving end of military violence about a year ago israel struck nearly all of iran's military structures inside syria it was the country's biggest assault since the beginning of the civil war back then netanyahu played the very same preemptive strike card who have a he says we will hit back 7 fooled who have prefers to strike at us we will act to strike at them beforehand this is what we have done and this is what we will continue to do the never ending demonize ation of iran might have made israel its share of enemies in the middle east but in the west it's reeled in some powerful allies this is 40 years 40 years of malign behavior so whether it was seizing a british tanker that was in international waters or shooting down an american u.a.b. that was also in international airspace or assassination campaigns in europe are

trying to kill an ambassador here in the united states has this long history of blind behavior iran had its tankers detained its airspace violated by drones its military installations outright bombed all by the u.s. and israel what other aggressive provocations does iran have up its sleeve were suddenly some both israel on the run for their assessments then of the current situation and where it might head. iran is trying to envelope israel from all of the sides through hezbollah which is effectively iran through syria through iraq and even through gaza it's like a big octopus sending its arms in order to strangle israel israel has no issue with iran if iran would focus inward on on its own people and stop trying to destroy israel as it explicitly says it will do and if amending terror around the world we would have no issue with iran however iran has decided to attack israel to build

forces and to strangle israel but we're not going to wait with defense systems you don't win by playing defense you have to preempt and that's what we will do the problem you have is very new slate this oil brought over the world. and because no one no one calls it to account it's allowed to get away with essentially murder. it's targeted and hit 3 separate sovereign countries in the past few days i see no one questioning why israel is doing something or why israel is provoking the situation at the end of the day israel needs to understand that iran has said this time and time again that look you're playing with fire don't do this don't be silly behave yourself iran has no real interest in starting a war and iran will not start a war it's a long and i have said it categorically however what iran will do if it is attacked or its allies within the resistance axis are directly attacked they will retaliate

and rightly so because in this case the aggressor the one who's instigating problems who's lying and making up fairy stories because it's control and influence within the mainstream media is israel and everyone knows israel is a rogue state it's a country that is close to 400 nuclear weapons targeted at multiple countries and yet no n.p.t. and no questioning no no discussion about it yet iran which has a nuclear program energy program it constantly gets accused of making nuclear weapons and all this stuff which islamic li from the supreme leader's own disk discourse is forbidden. this is out since last summer good morning just today but we don't have the break meet the intrepid russian explorer has clocked up no less than 60 countries and counting but he makes his way around the world it is trusty old classics that.

well that's my life but you know i started on wall street 40 years ago and i've been living in the log derrius life of ever cheaper money ever since and literally not having to work a day in my life because of the yeah so thought of 40 years ago i've gone straight up. when i was told seemed wrong. but old rules just don't hold. any old belief get to shape out these days become educated and engaged with equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. 10 20 am moscow time now if you can't watch him this morning next the president told trump said the trade negotiations between the u.s. and china will resume very soon following 2 positive conversations he said with beijing over the weekend. john because listening to free speech. and citrus get back to the table so we'll be getting back to you want to do something. very very badly but that is the this is the right thing to do and i can agree respect your district where this is a very positive development for the world. that announcement came after both sides

imposed additional import tariffs on each other's goods on friday while china hasn't confirmed the talks will take place it's vice premier lou he stressed on monday that beijing is committed to resolving the dispute that said the trade war is of no benefit to anyone of course artie's america rick sanchez has been discussing the tensions with former u.s. congressman ron paul. this is gotten so bizarre i think anybody who watched over the weekend what happened 1st the chinese retaliated truck came back and retaliated against the retaliation threatening china with more terror he actually did do that while these 2 guys the president of busy china and the president of states were going back and forth at each other with terror threats the dow was down 800 points and most people were scratching their head trying to make sense of those can you try to make sense of this situation that's going on right now dr paul. well i do i

do by looking at it and it's an unworkable situation you finally get to the point where it doesn't work they hang on every word the federal reserve board chairman says and sometimes why do words could make a difference of billions and billions of dollars and we have an economic system that chaotic and then within we end up with a president that does change his mind once in a while you know and it's just how they hang too much on words that don't mean anything because they're talking about problems they don't fully understand from my viewpoint and they don't have any solutions because they always talk about more government solutions and they're not willing to look at our viewpoint from the libertarian viewpoint that maybe they've made a lot of mistakes and maybe they should talk about eliminating the mistakes rather than just adding on to it so i'm not surprised about it but it is still pretty annoying but it's going to continue for a while because nobody's going to nobody's going to come up with an answer ever is going to agree with. you 62 people have died in sudan as

a result of 2 months of rental rain according to state media the u.n. says that at least 37000 homes have been destroyed as many as 200000 people have been forced to seek temporary shelter there room this plus floods are expected to continue to the rainy season going on through until october. elsewhere brazilian firefighter striving to extinguish those fires that have been ravaging 2300000 acres of rain forest are continuing to spread particularly the state of ramadan is this year is seen an unprecedented number of fires of course many of them started by farmers clearing their land for cattle ranching g 7 leaders offered the job of ministration $20000000.00 to help combat the crisis but a top official told france is among your mark wrong to take care of his home and his colonies in response. story from space the soyuz spacecraft successfully dock to the international space station after a failed attempt saturday which scientists believe was caused by

a control system failure the craft is carrying a russian made humanoid robots called fadal as well as more than 650 kilograms of cargo including medical supplies and food now. back down on earth another adventure going to world to a can sometimes become a lonely business the further you get from home so one russian travelers decided to take a bit of his own beloved homeland with it is very old russian manufactured classic van trusty thing known as behind care that a russian actually means a loaf of bread and when you see the outline of this thing you'll get it in a way his snippet of man a machine on little bit of the world travels. i've decided to do something extraordinary to make the journey in

a typical russian bend the russian vent to be precise. one african man who saw ru a.z. cried and explained to us that he took part in a war in this van as a driver he said in the end that thanks to bands like this one we won the war. our trip is not finished yet we want to cross every time zone that's why we have a route from light of all stuck to moscow for the moment we've done 80000 kilometers i think we will have done 95 by the time we're finished. that's a holiday and a half isn't it good luck to them both all right well that's it for me financially check up more news from keep our t. dot com by side of corrupt as well of breaking stories that go straight to my mind

if i stop by the reverend run the world you are. in the wings on air right after this break. why a paradise with some all around turned into a round the experimentation field but agricultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would that the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but often in day you have

many of these people who have one foot into the biotech pharma and the other foot in the government regulatory bodies this kind of collusion is reprehensible while the battle goes on the chemicals continue to poison hawaii and its people so one has to ask the question whether there is a form of environmental racism going on in hawaii whether these companies feel they can get away with this because the people have less political power. what politicians do. they put themselves on the line they get accepted or rejected . so when you want to be president. most somehow want to. have to go to the press was like that before 3 in the morning can't be good. i'm interested always in the waters in the. west sydney.

welcome to cause report i'm max kaiser do know that the links that go to the stories are at kaiser report dot com we listen to you. like that all right yes we cover many headlines on kaiser report and port dot com you can find links to the headlines i get asked that all of the time and for decade bull market in bonds like this ever again and that's 40 years of every declining yields ever rising bond prices well that's my life you know i started on wall street 40

years ago and been living the luxury of life of ever cheaper money ever since literally not having to work a day in my life because the assets bought it 40 years ago have gone straight up. and it's gone up every year since then just about and a bit of the dotcom boom and the crypto boom of the big boom in the stock market boom so this is been a remarkable period for the was it called generation jones the last of the baby boomers born in 1960 s. i was thanks to paul volcker who in 1980 you know started to you know stuffed out inflation with a huge surge in interest rates and it's been basically easy street ever since easy money has resulted in many things and we're going to go over that in a moment you and i witnessed some of it into troy where we were last week where you could see former greatness former beautiful buildings

abandoned industry abandoned creation of wealth abandoned because you know you and i can remember our childhood and any. you know any person entering the market since then well thank god it must been horrible back then right but our parents had amazing jobs they got paid well we they were able to own a home and buy a home with one income that there were you know more community more university didn't cost your life you know so here we've had this rolling over of debt over and over all the way down as we talked in the last episode there's been an ever declining utility of debt part of this has been that we need more and more debt in order to grow this fake economy this economy.