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tv   Boom Bust  RT  September 26, 2019 3:30am-4:00am EDT

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the sea of nicotine delivery device manufacturer jewel labs resigned on wednesday as a baby in sector comes under increasing global regulatory scrutiny the outgoing c.e.o. kevin burns was replaced by an executive from altria altria is the current name of the former philip morris cigarette company and it holds a 35 percent stake in jewel policymakers in the u.s. have recently become cognizant of the rampant use of vaporized nicotine delivery devices among teenagers and young adults in the wake of hundreds of cases in the united states of illnesses cited by the centers for disease control and some reports have attributed those illnesses to the use of vitamin as an oil invading cartridges containing either nicotine or cannabis although authorities cannot hit on a theory that covers all the cases from either type of a.p. material maybe really illnesses in the u.k. have also been confirmed by a report in the british medical journal jules popular lucrative medium of delivering nicotine is an addictive drug nicotine salt is said to by experts to
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exert on a stronger psychoactive effect than cigarettes or other babying methods and thereby presents a heightened risk of use abuse dependence and illnesses among young adults. so i'm now for a quick break but stay tuned because when we return the waves of global trade get choppier many investors are betting the cryptocurrency may be the biggest which looks like it could be the early days of global slowdown. to catch up with nolan virally of singapore to get his take on the chances for crypto in a crisis. but
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if she warn you and i do the dishes at the walls more of those jeans nudist beach and you see me. about that when you die yes. you mean yes i mean guys without infringing balls. a lot of you will see as it fights about 2 kids out the bill for the most called. doesn't need a list of. people . that 5 days of doing it so. it will be a thing people who simply knew.
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it. so. and very well might continue watching us until. the big pain years since across america started 10 years i think it's time to shake things up maybe change the branding maybe the format here is what i've been thinking about next season for breakthrough related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok
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a more affordable option $25.00 text for. one red rose another suggestion political jeopardy parody no political cookout where we will literally wrote the elites. late night show it's a rare format piece space in its chief all you need is an old microphone in a printed banner. to leave me with i guess i can do this campbell after politics gone wild like music. ok crosstalk is not about hype it's about meaning 10 years of talk and still going strong. peter if you want to change something why don't we get rid of the bow tie i know that is too much. it's. bolton's appointment sent tremors around washington to release among those who are out of
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government and many of those in government because it is a long track record of being a very strong polemical bursary a man who understands how to make the government we're very much polarization it was. various times arguing for invading iran for invading north korea etc and this was very much not working for the president wanted to go so why do you point to members of a bit of this. as a tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implemented for inside venezuela things moved different we're going to announce sanctions against petroleum to venezuela associate. in the school have
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a supplement to. get out of that political battle so on the path to the map at the moment the focus of the whole story isn't new nixon called in henry kissinger to tell him that it would not be tolerated that in latin america an alternative economic and social system could take hold and therefore the policy would be to make the chilean economy scream so wants and making the economy of venezuela screed. welcome back following the complete corporate collapse of british travel giant thomas cook the company's german branch is eyeing a lifeline by seeking new investors the firm subsidiary has filed for in salt filed
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for insolvency in order to separate itself from its british parent company to avoid what they have called financial intending movements and liabilities while investors are suddenly setting their sights on the newly independent company the german government has said it is considering a bridge loan to keep the company afloat this claim comes with just one day after the german government issued a loan of $380000000.00 euro's to condor airlines thomas cook's airline in germany which is yet to be approved by the competition commissioner meanwhile across the north sea in the united kingdom the british government will be taking the reins with more than 70 flights to return stranded passengers back home the flights will be carrying more than 16000 travelers in what will go down as the largest peacetime repatriation effort in the u.k.'s history according to reuters. german authorities have raided georgia banks searching for information related to don's a bank and its involvement in the money laundering scandal preliminary findings
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suggest that the way to handle about $200000000000.00 of suspicious transactions tied to don's care nancy a bank has been trying to untangle itself from the scandal but was ordered by estonia's regulators to pull out of the country earlier this year and is now the target of criminal investigations in a stone and the us preliminary criminal charges have been brought against several of its former execs dirty money saga has implicated other banks that they came became unraveled including nordics we bank as investigation digs deeper i bear rahe the former head of dons gave banks are minestrone and witness to the investigation has been found dead after he went missing on monday while authorities have found no . evidence of foul play it is reminiscent of the suspicious deaths of the voice of banks execs william grossman and carl garrels. and while all appears calm on the surface of the equity markets we are now on day 3 of covering the continued liquidity crisis in the repo markets this so-called temporary glitch that
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they blamed on end of the quarter settlements has now been loon further and the fed does not seem to have any way to regain control of the very rate that they are mandated with managing instead they once again try to placate the market with fed gov claiming that the recent spike was a result of a simple imbalance of supply and demand and not a sign of a deeper distress in the credit markets now if that were the case then why did the fed then decide to dramatically increase the scale of its bailouts for both overnight and term repose which began yesterday and doubled from $30000000000.00 to $60000000000.00 in the overnight group from $75000000000.00 to now $100000000000.00 this situation is worsening with the dollar demand today being oversubscribed again and now as we approach month and this situation will most likely get worse as banks have since been holding off so with the modern monetary policy now crumbling what's left when
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a currency that is back soley by military might fails what's the alternative. we've caught up with nolan bally director of research i coined as who takes us back to big inception where rose from the ashes of the last financial crisis as the embodiment of free money. and kind of originated the last time we had the global financial crisis so it's actually really interesting that now we're kind of in this middle ground where we could potentially be on the brink of another recession and now we see the rise of as a hedge again that's precisely it and i think that's an important aspect of this because you can really test i think of your world view by its ability to predict the future right so you have an idea and then if years later that idea is actually manifested in reality you are world view is probably correct so a lot of people have been talking about this exact scenario since 201-020-1120 extension 12 here we are actually even more interesting because the komodo essentially predicted this outcome he said the those lever's of
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macroeconomic control that central banks weakening gone almost i continue to believe that the japanese pseudonym used was to have the kind of authority to say to america and everywhere else that what japan has been living with with negative yielding interest rates and all that stuff in large debts was actually going to be the experience for everyone in the world so the last decade of japan in the ninety's has become the common experience of all these other large trading nations so you mentioned that your previous background before you got into you were actually in the legal space and you were studying the effects of the last financial crisis and. so give us your perspective on that and like where do you see kept up fitting into well that's just it i mean when we when we studied that we saw let's say the ability to. determine the outcome for our a great many people from the top down important policy decisions were made and it really shift this way back to when the federal reserve started in 20 in 1012 the
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context then was is this an appropriate powered. for governments to have anyway because of course before that we were all in private issuance of money so individual states would release their own currencies companies and banks would release their own currencies there were reasons why this was no good there were reasons back then and there was a huge fight about whether the united states creates its own you know sovereign issuance of money so where we are at now is kind of the you know going back to what it was like the monopoly of sovereign issuance of money is clearly over private issuance of money is here again now we are experiencing the troubles of profit if you issuance of money a lot of volatility but that's kind of normal for right now i don't think anyone really dislikes the volatility of bitcoin it's quite funny so you know we're still not on the main stage of global financial discussion but we're in the wings we're
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in the way it's interesting because history always repeats itself and now we are seeing that money is becoming more privatized again however the problem is that the u.s. dollar while it's not really backed by its backed by military might well you're right so how well private issuance and let's not just military might i mean when they when they took over this sort of global reserve currency aspect they were important considerations you know there was a sort of run on the us gold reserves who were asking for their gold back in the early 1970 s. and so nixon you know flip the switch and we grew into the world we're in today of course america it's not just the guns in the military i mean they created a network around the world where everyone could trade you know the all trade routes were secure and that came at a great cost right it was really just so that everyone could live well and so this was paid. so you know the u.s. dollar was able to exist in this because everyone kept their balance sheet it was the reference of the entire economy is that appropriate i don't know i don't think
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so but let's take our time now and you know. i don't imagine u.s. dollars going anywhere it serves a great purpose it is by far the most important currency in the world today but you know there is an aspect of you know you can't just assume that continues forever things could change quite quickly. but right now it remains the best place to do business that's for sure but take a look at china you know there are on the most famous deal on earth right the hong kong deal is the most famous deal on earth and they're just going to say no are people going to want to deal with that country you know that the origins of new york city for example new amsterdam in the beginning was really you know if you have money we can deal with you that was unique in the world at the time everyone still had religious prejudices of protestant and catholic and new york was different from the start new york was you want to come into business were great and that's really where the american business mindset grew from and i think that you know should continue to perpetuate around the world it should continue but as we
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were just saying previously they were pretty much at the forefront of business and finance and this new way of doing things however now they seem to be almost clamping down a little bit we're just saying how stupid the bit license was in new york and what do you have all idea it is so it looks like they're actually taking a step back yeah i don't know what step back i think they haven't learned a little bit like when you when you have the sort of top down approach that i was mentioning one when the bailout happened they were making decisions for all kinds of people right they were they were they were determining basically real estate prices 10 years out right you know the the cantillon effect it's called right for the continue effect so we're definitely living the cantillon effect because of the compelling effect basically being if you issue all this cheap money a large portion the population the burra we just assume that consumption because everyone's you know building houses all the construction workers are now more money to consume but now we are in the sort of 2nd stage of that where you feel the pain
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of the and everything has been artificially low everything is an artificial gravity . that's need the continuous stimulus to tenure to young kids can jump in and we love that given this backdrop in the u.s. as well as it was a continuous regulations that don't seem to make much sense do you see the u.s. continuing its dominance in terms of i don't know if it ever is a national consideration i don't believe national considerations are an important aspect of the development of cryptocurrency i think american people will continue to be heavily involved in it but certainly new york is missing an opportunity all that said i do live in new york and a lot of the greatest talent in the industry is there i know several of my american colleagues do believe new york is a backwater for crypto i disagree on that i do wish we had a much more welcoming environment and maybe they'll learn a hard lesson there but for now new york does remain intellectually and human capital wise an important place no one is
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a pleasure to carry or be as i have to especially given the global macro backdrop here pleasure thank you for me. how can the arctic region be protected from impact of human activities such as oil and gas production mining and shipping the contamination of arctic waters with hydro carbon pollution would be nearly impossible to clean up even by mechanical means but now russian biologist believe they can use new and more natural methods for the cleaning process parties you'll use a puddle over has a story inside these flasks invisible life boils apart from water and oil they contain bacteria supposed to eat the oil and leave the water crystal clear and free from oil pollution in the state university biologists are working on crazy and microbial agent to help degrade began small manmade or oil spills in the northern
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seas of the arctic the project was initiated by russia's oil giant ross snapped and the nongovernmental in a proxy institute the patents and the biologists of a miss you to the oxic to take numerous samples of microbes in the ice cold waters to single out and then cultivate the oil eating bugs syria. generally the use of oil pollution techniques using microorganisms have been around for a long time it's already possible to target oil pollution in moderate temperatures but at the moment there's no means to clean up oil spills at negative temperatures in icy conditions and that we found such a microbe that lives multiplies and eats hydrocarbons at minus 4 degrees celsius it can do all that in the ice this method is particularly relevant for the arctic it makes it possible to restore the properties of the ecosystem that existed before the impact introduced by people it is used in conjunction with traditional methods for the elimination of oil pollution the oil eating bacteria naturally occur
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throughout the world's oceans and can be found in high amounts wherever their oil leaks hydrocarbon organisms have successfully been used to help clean up major oil spills including the b.p. spill in the gulf of mexico in 2010 recently scientists from the united kingdom russia and china found all eating bacteria even in the oceans deepest mariana trench the books he read the russian biologists found love the cold they live in the arctic and temperatures of plants $25.00 degrees so says illegal for them it will be a method with the use of the oil eating microorganisms is no different from what naturally takes place in the wild except for the fact that with the use of a substance the process of cleaning up will run dozens or even hundreds of times faster so we're simply accelerating the natural process is our product will be applied in a dry form it is a dry powder and the microorganisms are in a dormant state ever us it was important to select such microorganisms that could
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survive the process of drying. scientists say the absolute majority of hydrocarbon loss does not occur as a result of major accidents but as a result of chronic spills for example during refuting of boats and fishing vessels or when it's time to laden with tons of huell leaks part of its cargo in many poor cities in the arctic there are often small quantities of oil that can be removed with mechanical methods so remaining clean oil film is supposed to get eaten by microscopic bugs. and sure the substance that we develop will be on every ship and every port city in the arctic and not only that so at the slices appearance of pollution we can immediately use the nature like technologies used microorganisms to dispose of any oil contamination after consuming the oil the microorganisms leave nothing behind by c o 2 water and microbial biomass and they said biomass is then eaten by some other
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life forms like plankton fish the plankton thereby maintaining the food chain in the ocean the scientists say they are in the final industrial stage of this work as their expeditionary and laboratory stages have already been passed when will we see a clean oxic and everyone will bow down and say thank you. i think that in 2 years we will have all the necessary documents and regular asians so that such a substance can be industrially manufactured next that scientists are ready to go on and develop new nature like technologies for warm seas fresh water areas as well as for breaking down oil in the soil all these measures are part of russia's federal program as the country develops the northern sea route discovers new large oil and gas fields in the region and deals with old soviet military bases around the arctic circle at the latest arctic for in april it was highlighted the country had taken responsibility when it comes to preserving the unique nature and fragile
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ecosystem of the arctic as well as protecting flora and fauna from human experiences. and finally the sound of a kit kat candy bar is familiar quenches familiar to many people around the globe but now the world famous nestle product is swapping its red wrappers for the red carpet u.k. consumers will soon have the opportunity to unruh up like royalty with the addition of luxury kit kat bars that the company plans to unveil in shops across britain before being available on its website globally before 2020 the bars will be available in about $1500.00 flavor combinations including earl grey and eton mess with the luxury look comes a luxury price tag as just $1.00 kid can't borrow will carry a cost of $14.00 pounds or 17 u.s. dollars the bars will be sold to john lewis shops across the british isles from
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thursday of this week until christmas eve according to nestle. 1500 flavor as i mean how do you even come up with these players in the 1st place yeah i guess that's a u.k. think i don't even know what that would taste like you know that's more flavors and jelly beans. and i also heard of other flavors green tea you mentioned the other day the one other thing i know about kit kat they're popular in japan as a reward after taking tests exactly but i think like in marketing this as like a luxury pick out i think is a little bit of a stretch has $17.00 that's currently like a dive a spice that already yeah i don't think of kit kat as a luxury item but we'll see those as some very boozy students there that by this time you can catch a boom bust on directv 10 on 321 dish network to 80. 7 on t.v. the t.v. app counties and the 9 or you can always catch is that youtube dot com boom bust our.
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the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faced only implement from the inside venezuela things are different we're going to announce sanctions against petroleum to venezuela associate. in the school that have a son of a moment those who feel that empathy and put it don't matter to so on the people who come to a moment of focus the whose story isn't new makes him cold in henry kissinger to tell him that it would not be tolerated that in latin america. an alternative
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economic and social system could take hold and therefore the policy would be to make. the chilean economy scream so wants now making the economy of venezuela screed. here we are 2019 with negative interest rates and multi $100000000000.00 trillion dollar thank your capital unicorns are all going to cost and the colossal fail out is being celtic and every corner of the global economy and that's why countries are buying gold. the world is. shaped by.
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the day or thinks. we dare to ask. because it is for him or he's more like. a couple o. . just dismissed from the scene.
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this is a story about why. stray bullet kills a young girl in the streets. one happens to have daughters and so or. another mother daughter is very serious and terry it really messes with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pen this than him and what happens in court. shot to shot as far as a side deal that we don't know just for the. end of this trial
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unfortunately you. will still not know childress. but if she warned you and i did the dishes at the bazemore those jeans nudist beach and you see me blue truth. does and the. meaning is that me that is or that infants involved. a lot of you will see sawing during fuzzy fights about 2 kids each other both. of them but as in the adults to me as if. the. cabinet 5 days doing this is. a thing you can do simply. to would include in total.
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in headlines 11 am ukraine's president refutes accusations he was pressured by donald trump into investigating a u.s. election rival for a summary of a phone call between the 2 leaders has been released now republicans and democrats are sticking firmly to their respective party lines over it to. this phone call that's not in a sense that interim abuse the powers of his office. still want to investigate the alleged corrupt activities of former u.s. vice president joe biden and his son 30 now claims goes well beyond.

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