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tv   Boom Bust  RT  October 31, 2019 9:30pm-10:31pm EDT

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and stay as it is finding more avenues for ad grows at instagram and stories while growth wednesday as it is finding more avenues for ad grows at instagram and stories while growth is slowing down daily active users increased by 9 percent. just slowing down daily active users increased by 9 percent. more than 2 percent today on earnings even as it is facing antitrust more than 2 percent today on earnings even as it is facing antitrust probes senator elizabeth warren has called for the divesting of instagram to break up facebook probes senator elizabeth warren has called for the divesting of instagram to break up facebook but defended his position saying that facebook still continues to face called but but defended his position saying that facebook still continues to face competition from a variety of sources such as snap chat and others titian from a variety of sources such as snap chat tech talk and others with more on these
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issues and more we bring hillary for which member of the brain. with more on these issues and more we bring hillary for which member of the brain the situation. good to see a hill or you tube because the 1st off facebook is a trash a pleasure to see a hill or you tube because the 1st off facebook is attracting a lot of regulatory scrutiny both in the u.s. and in the e.u. and the e.u. specifically they're looking a lot of regulatory scrutiny both in the u.s. and in the e.u. in the e.u. specifically they're looking at facebook's online marketplace citing that it is anti-competitive and is saying at facebook's online marketplace citing that it is anti-competitive and is stifling competition in the e.u. they're saying it's killing competition in the online marketplace and competition in the e.u. they're saying it's killing competition in the online marketplace and online classified space in particular so do these people have a case who are online classified space in particular so do these people have a case who. are these competitors who are complaining are they just being sore
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losers or do they actually have a case here these competitors who are complaining are they just being sore losers or do they actually have a case here where they do have a case on the major competitor we're talking about of course for the facebook marketplace where they do have a case on the major competitor we're talking about of course for the facebook marketplace which we're discussing here is a craigslist especially in the u.s. but discussing here is craigslist especially in the u.s. but also across in the e.u. so the basic issue in the e.u. though is they have to find a way also across in the e.u. so the basic issue in the e.u. though is they have to find a way to tax companies because of the sluggish economy so they're looking to break up facebook as to tax companies because of the sluggish economy so they're looking to break up facebook as is the discussion in the u.s. but they're also looking to increase taxation on the different entities and this is the discussion in the u.s. but they're also looking to increase taxation on the different entities and that of
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course is a financial decision i think what you're seeing too is just seeing the pressure of course as a financial decision i think what you're seeing too is just seeing the pressure in the business community because it is very biased and they do weight their content they even wait in the business community because it is very biased and they do weight their content they even wait any kind of content you can google anything or you look on facebook for anything and they were only give you any kind of content you can google anything or you look on facebook for anything and they were only give you one point of view the point of view that they choose so yes they're being biased and point of view the point of view that they choose so yes they're being biased and it is unfair practices but is it fair on facebook seeing as facebook is the new ad is unfair practices but is it fair on facebook seeing as facebook is the new entrant being established in 2004 when craigslist was actually founded in 1905 there being established in 2004 when craigslist was actually founded in 1905 there . although they should have grown up in business they should have adapted to the
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new environment so is if they say all or they should have grown up in business they should have adapted to the new environment so is it facebook's fault that craigslist just simply failed to adapt to the new environment or social move that's the brooks fault that craigslist just simply failed to adapt to the new environment or social move that's that's the brilliant point because you're absolutely right because if you have to innovate a tech friend of mine always uses liam point because you're absolutely right because if you have to innovate a tech friend of mine always used to say he said i always would quote american indians who we said look this was their nation but they he said i always would quote american indians who always said look this was their nation but they didn't innovate they didn't have the guns they didn't have the gun part of the fight back if you don't innovate you i didn't innovate they didn't have the guns they didn't have the gun part of the fight back if you don't innovate you are taken over and it happens in every single industry so you're absolutely right yes craigslist are taken over and it happens in every single industry so you're absolutely right yes craigslist is
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a sore loser they should have innovated nevertheless facebook i mean mark zuckerberg he is an x. is a sore loser they should have innovated nevertheless facebook i mean mark zuckerberg he is an accurate when he says that they don't like to lie because lying is also. why when he says that they don't like to lie because lying is also there's there's white but there's sort of like the white lie here which is that they only purport to report a certain kind of angle so now what would it actually take to break up facebook or even google with a lot of like the white lie here which is that they only purport to report a certain kind of angle so now what would it actually take to break up facebook or even google well i think one of things is going to be very difficult to break up if you're looking at least the u.s. when the e.u. is a different matter but it one of things is going to be very difficult to break up if you're looking at least the u.s. in the e.u. is a different matter but in the u.s. they have spent recently so far this year they've spent over i read in the u.s. they have spent recently so far this year they've spent over are you ready for this . line 800000 in political campaign contributions but 33 for this line 800000 in
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political campaign contributions but 33000000 in terms of lobbying firms in this region a combination of the industries 3000000 in terms of lobbying firms in this region a combination of the finding industries have companies facebook amazon microsoft and google 33000000 have companies facebook amazon microsoft and google 33000000 between them so they know and trust legislation is coming down the pipeline so i think it's going to be very tween them so they know 'd and trust legislation is coming down the pipeline so i think it's going to be very difficult to break them up here and very difficult in the e.u. now moving on to very difficult to break them up here and very difficult in the e.u. now moving on to the broader economy a growing contingent of officials right now are starting to wonder if the broader economy a growing contingent of officials right now are starting to wonder if negative interest rates actually cause more harm in europe so this was essentially
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a monetary if interest rates actually cause more harm in europe so this was essentially a monetary experiment but now it's becoming this massive liability in europe so what has chris merriment but now it's becoming this massive liability in europe so what has christine legarde signed up for and what can she do at this point well as you know christine lagarde starts tomorrow in the guard 7 signed up for and what can she do at this point well as you know christine lagarde starts tomorrow at the european central bank one of the recent quotes i like that she is huge she said i am not a farrell at the european central bank one of the recent quotes i like actually is huge she said i am not a fairy what she's actually encouraging is she's encouraging more government spending and she says she's actually encouraging she's encouraging more government spending and she's in common innovation and public works she cannot fix every incoming innovation and sort of public works she cannot fix everything and yes one . the problem with the low interest rates are and negative interest rates you can't
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go any lower i think and yes what the problem with the low interest rates are and negative interest rates you can't go any lower that c. issue one of the concerns is that it could be a self-fulfilling prophecy there is so much gloom and see issue one of the concerns is that it could be a self-fulfilling prophecy there is so much gloom and gloom and doom discussion about a global recession i think if you look at the uncertainty also the gloom and doom discussion about a global recession i think if you look at the uncertainty also the uncertainty to do with it so what does she have at her disposal really what she should be doing and uncertainty to do with it so what does she have at her disposal really what she should be doing and what has to happen in the european zone is stimulation of the economy stimulation what has to happen in the european zone is stimulation of the economies stimulation for growth which can only really come from deregulation and then there contradicting that with looking for growth which can only really come from deregulation and then there contradicting that with looking at regulating companies like facebook exactly so there are those such as as you said there's such
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a limited regulating companies like facebook exactly so there are those such as as you said there's such a limited tool box and the european banks have essentially been couple of 5 years now of negative into a box and the european banks have essentially been couple of 5 years now of negative interest rates they've been crippled yes so why can't so can the native interest rates actually spark the next rates they've been crippled yes so what can so can the native interest rates actually spark the next financial crisis seeing that the financial system is already so weak what will this week is particularly we can europe if you look what's happened you look at the probably the weakest one that she is going to spank and they're looking at laying off over to financial crisis seeing that the financial system is already so weak what will it is weak in its particular we can europe if you look what's happened you look at probably the weakest one that she has been to spank and they're looking at laying off over 22000 employees they said by 22 and then you look also 22000 employees they said by 22 and then you look also it was. they're also suffering and also
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h.s.b.c. they just talk about u.b.s. obviously in the also suffering and also h.s.b.c. they're just talking about layoffs in the u.k. actually they're talking about maybe even a merger with that with the german bank sent out layoffs in the u.k. actually they're talking about maybe even a merger with that with the german bank some time there is a lot of innovation i think technological innovation and cost cutting is all they can do turn there is a lot of innovation i think technological innovation and cost cutting is all they can do they have to do that to compete and that's what most of them are facing our job layoffs and officials they have to do that to compete and that's what most of them are facing our job layoffs and efficiencies and economies of scale and technological innovations that's all they can do and that's what they should be and economies of scale and technological innovations that's all they can do and that's what they should be focusing on because yes you're right otherwise they could trigger the next global fiscal crisis so coasting on because yes you're right otherwise they could trigger the next global school crisis or for which thank you
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so much from. other forwards thank you so much from. the ukrainian president of. the ukrainian president of a lot of mirrors alinsky on thursday criticised denmark decision to approve the north stream to gather near the lenski on thursday criticised denmark decision to approve the north stream to a gas pipeline during a joint briefing with nato secretary general and jens stoltenberg as pipeline during a joint briefing with nato secretary general and jens stoltenberg misters alliance he shared his thoughts on the decision about the pipeline that will bypass ukraine mr is unless he shared his thoughts on the decision about the pipeline that will bypass ukraine risking the loss of billions of dollars in transit fees he offered
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this on thursday risking the loss of billions of dollars in transit fees he offered this on thursday in kiev. we all understand that the construction of. we all understand that the construction of the nord stream too is not only an energy security issue but it is also a geopolitical nords stream to is not only an energy security issue but it is also a geopolitical issue therefore i will say frankly that it strengthens russia and weakens your own leadership therefore i will say frankly that it strengthens russia and weakens europe. the project led by russia a natural gas giant gazprom was banned. the project led by russian natural gas giant gazprom was banned 101230 kilometers and will double the capacity of the current north 101230 kilometers and will double the capacity of the current north stream pipeline to 110000000000 cubic meters which will account for more than 50
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percent of pipeline to 110000000000 cubic meters which will account for more than 50 percent of russia's gas exports to europe. russia's gas exports to europe. own r.p.s. they are planning a merger with a 5050 share split that will make the resulting company owner a p.s.a. are planning a merger with a 5050 share split that will make the resulting company the world's 4th largest automaker the 2 car manufacturers said thursday that they the world's 4th largest automaker the 2 car manufacturers said thursday that they hope to come to terms on a deal within the next few weeks the resulting conglomerate what they hope to come to terms on a deal within the next few weeks the resulting conglomerate will create a company with a revenue of 189500000000 profit of more than create a company with a revenue of 189500000000 profit of more than 12000000000 and combined vehicle
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sales of nearly 9000000 units 12000000000 and combined vehicle sales of nearly 9000000 units on the news chrysler saw a spike of 9.5 percent in their stock price while on the news. chrysler saw a spike of 9.5 percent in their stock price while p.s.a. felt 12 percent on the paris cac exchange after the announcement of the press p.s.a. felt 12 percent on the paris cac exchange after the announcement of the prospective deal italian prime minister does that because he said it was crucial to keep job back to deal italian prime minister does that because he said it was crucial to keep jobs and manufacturing and italy following the merger with. the mobs and manufacturing and italy following the merger with. the government is pushing over. there for the government is pushing over. there for the company.
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that is like a company. that is welcome. but what is important is that i want to say. you know these go to what is important and i want to say to guarantee the level of company investing here a little easier to go that is what we are pushing for guarantee the level of company investment here a little easier to go that is what we are pushing the. time for a quick pas but straight on the other side of the break we have. time for a quick pas but straight on the other side of the break we head down to australia where ali maha give the blocking found a spot on london's been handed down to australia where ali maha give the blocking found a spot on london's the hand to dig into some major breaks around my mining and as we go to break here the net into some major breaks around my mining and as we go to break here the numbers at the club. members of the
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cloud. during the dotcom bubble there was a lot of. during the dot com bubble there was a lot of problems with c.e.o.'s an insider dumping stock right problems with
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c.e.o.'s an insider dumping stock right after the i.p.o. there should be a lockup period to force people keep after the i.p.o. there should be a lockup period to force people keep people to stay on for a least 6 months or a year to make sure this thing gets out of ball to stay on for a least 6 months or a year to make sure this thing gets out of the gate without too many problems here in this era of the we work for the gate without too many problems here in this era of the we work being a primary example the founder insider was able to dump being a primary example the founder insider was able to dump almost a $1000000000.00 before the i.p.o. . almost a $1000000000.00 before the i.p.o. . cooked additional supposed to.
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cook to. support a linguist. it's inconsistent with what you're looking it's not known. who was doing it. and was doing it. c m d s c n n with each notional posing. look with a simple yes swinging with each notional posing. look with a showing at the plant which up a skeleton is lost when the chip. he has like a pickle showing at the brentwood chip a skeleton is lost when the chip. he has like a pickle should. give the smithsonian. quote above should it be. your question solely to both of shipping. yup i knew most of those who booked
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it to work in the pacific and. yup i knew most of those were booked it to work at the post in your book which still mostly notes i don't know what the full in your book much still losing out so i don't know what the full. was the latest. was the latest news in the put us. boys in the bill of rights was reason to put us. at arsenal boys in the bill of rights so yeah that's right this was going to say. lyricists through the show you have put this was going to say. where students are in the store oh yeah the soul food. is so in the store oh yeah the soul food.
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join me every thursday. join me every thursday on the alex salmond show and i'll be speaking to guest on the world of politics sports like simon short. and i'll be speaking to us of the world of politics or business i'm show business i'll see that. those i'm show business i'll see you then. believe named weird things. believe named weird things by the way this is called superstition or magical thinking believing weird things like that is by the way this is called superstition or magical thinking believing weird things like that is not a bug in the system it's a feature comes equipped not a bug in the system it's a feature that comes equipped in the software of our programming to try to connect
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things in the environment just to the software of our program even to try to connect things in the environment just in case there's a real connection. case there's a real connection. with the rise in bitcoins price again miners are flocking to abandon soviet era factory with the rise in bitcoins price again miners are flocking to abandon soviet era factories in eastern siberia and open coal mines in northern china to take advantage of cheap highs in eastern siberia and open coal mines in northern china to take advantage of cheap hydro electricity and cold temperatures china is now the
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undisputed world leader in bigger electricity and cold temperatures china is now the undisputed world leader in bitcoin mining who keep the network secure by approving transactions and ensuring fairness in mining. to keep the networks the care by approving transactions and ensuring fairness now as of july $2900.00 bitcoin miners generated about $6000000000.00 in revenue now as of july $2900.00 bitcoin miners generated about 6 $1000000000.00 in revenue from mining rewards and transaction fees on an annualized basis but they weren't from mining rewards and transaction fees on an annualized basis but they weren't always this good during the crypto winter we saw daily mining revenue for the industry plummet always this good during the krypto winter we saw daily mining revenue for the industry plummet from $53000000.00 in december of 2017 to just under $5000000.00 from $53000000.00 in december of 2017 to just under $5000000.00 in december of 2018 but now activity
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is back and on october 30th and december of 2018 but now activity is back and on october 30th big coin has achieved an important milestone just reached $1000000000.00 big coin has achieved an important milestone just reached $1000000000.00 in cumulative transaction fees this is a really important milestone dollars in cumulative transaction fees this is a really important milestone as it shows just how much people value the block space that they are willing as it shows just how much people value the block space that they are willing and don't mind paying fees in order to secure their transactions to help us celebrate and don't mind paying fees in order to secure their transactions to help us celebrate this accomplishment we bring back alley mob g managing partner of the blockade founders fund this accomplishment we bring back alley mob g managing partner of the blockade founders fund so i only basically
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miners have made almost $15000000000.00 so i only basically miners have made almost $15000000000.00 as of the middle of this month securing the network since because inception and $22000.00 middle. this month securing the network since big wins inception in 22009 but as of 2018 cumulative fees haven't been growing as fast as q look as a 9 but as of 2018 cumulative fees haven't been growing as fast as cumulative rewards so just how are minors adjusting as block subsidies gradually didn't have rewards so just how are minors adjusting as block subsidies gradually decline. clyne. the cumulative fees just $1000000000.00 yesterday. so cumulative is just $1000000000.00 yesterday and that actually is next to the $14000000000.00 of
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block award and that that actually is next to the $14000000000.00 of block awards or new bitcoins mind and so as you can see it hasn't been picking up or new bitcoins mind and so as you can see it hasn't been picking up or hasn't been keeping pace with it and over the next 10 years though we can still it hasn't been keeping pace with it and over the next 10 years though we can still anticipate fairly large block rewards or subsidies however anticipate fairly large block rewards or subsidies however moving forward miners are going to have to adjust to not having all moving forward miners are going to have to adjust to not having all of their value coming from subsidies and moving more to transaction based of their value coming from subsidies and moving more to transaction based fees and so as we
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see transactions volume pick up fees and so as we see transactions volume pick up over the growth of bitcoin we can continue to see that growth however over the growth of bitcoin we can continue to see that growth however for now subsidies are a very important part of the equation because the increase in korea for now subsidies are a very important part of the equation because the income it increases hash power which helps to secure the network from bad actors do you think mrs hash power which hopes to secure the network from bad actors do you think we're going to see any sort of m.n.a. activity within the mining space as they move to decrease their costs are going to see any sort of m. and a activity within the mining space as they move to decrease their costs. there will definitely be
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a mini activity going forward expression when you start seeing differ there will definitely be a mini activity going forward expression when you start seeing different regions with different sorts of prices per kilowatt hour for their mining for regions with different sorts of prices per kilowatt hour for their mining facilities so you will start seeing synergistic values come from having all the facilities so you will start seeing synergistic values come from having a larger player start taking over some of the smaller players we haven't seen larger players start taking over some of the smaller players we haven't seen too too much of it in very recent terms but over the last few years you have seen to too much of it in very recent terms but over the last few years you have seen quite a few mining facilities shut down sell their equipment there's been a lot of 2nd quite a few mining facilities shut down sell their equipment there's been a lot of secondary equipment on the markets over the last few years and now it's
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all been sort of a bought up your equipment on the markets over the last few years and now it's all been sort of a bought up as prices continue to recover and big coin mining is is more and more prosperous is continue to recover and big coin mining is is a more and more profitable again now can then just filed to go i.p.o. now this is the 3rd time. now canon just filed to go i.p.o. now this is the 3rd time that they're trying to go i.p.o. after plans fell through previously in china and hong time that they're trying to go i.p.o. after plans fell through this previously in china and hong kong so why was it unsuccessful before and how will this one be different call so why was it unsuccessful before 9 and how will this one be different. yes it can and has had 2 failed i.p.o.'s in hong kong and china yes it can and has
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had 2 failed i.p.o.'s in hong kong and china and so this is actually the 3rd time around and so it's really interesting to watch how this ends so this is actually the 3rd time around and so it's really interesting to watch how this plays out. one of the important board and think things to know is that there has been recent turmoil with bit maine and so they may be able to take advantage been recent turmoil with bit maine and so they may be able to take advantage of that of that however also also a bit it may mean in did announce. week of a new 50 megawatt for the crypto mining facility in rockdale tax a new 50 megawatt for the crypto mining facility in rockdale texas with also plans to expand that to a capacity of $300.00 megawatts with also plans to expand that to
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a capacity of $300.00 megawatts which makes it the largest mining facility in the world for bitcoin which makes it the largest mining facility in the world for bitcoin and so it will be interesting to see how that plays out with canon and so it will be interesting to see how that plays out with canon as prices continue to recover it looks like a mining assets might gain as prices continue to recover it looks like a mining assets might gain more favor and maybe this time will be different for canada. as you mentioned in more favor and maybe this time will be different for canada. now as you mentioned but maine is the other giant in this space and bernstein analyst they conservatively main is the other giant in this space and bernstein analysts they conservatively estimated that bit may made between 3 to 4 $1000000000.00 in operating profit estimated that bit may made between $3.00 to
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$4000000000.00 in operating profit profit in 2017 now this is more than even the u.s. semiconductor profit in 2017 now this is more than even the u.s. semiconductor giant video but in a video is 28 years old it may manage to accomplish a giant video but new video is 28 years old it may manage to accomplish this after merely 4 years in the business so what does this tell you about the future of the space this after merely 4 years in the business so what does this tell you about the future of the space and is this kind of growth sustainable and if so like how much longer. and is this kind of growth sustainable and if so like how much longer . so a big man is enjoyed huge growth for the growth of cryptocurrency mina's enjoyed huge
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growth for the growth of cryptocurrency in bitcoin and as one of the leaders in mining equipment bitcoin and as one of the leaders in mining equipment as well as mining they continue to sustain that advantage what as well as mining they continue to sustain that advantage what is going to be changing is the fact that mining subsidies are going to continue to decrease is going to be changing is the fact that mining subsidies are going to continue to decrease and so it'll be interesting to see how bit me can deal works and so it'll be interesting to see how big. i mean i can deal with that and perhaps as maybe new consensus mechanisms gains popularity and perhaps as maybe new consensus mechanisms gains popularity bit made me look to diversify its core revenue streams and charge the bit made me look to diversify its
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core revenue streams and try to you know take advantage of some of that growth having said. you know take advantage of some of that growth having said that big corn and crypto aren't going away and they're continuing to grow in popularity big corn and crypto aren't going away and they're continuing to grow in popularity and so with there will be increased transactions and it looks like a bit and so with there will be increased transactions and it looks like a bit mean we'll be able to maintain that advantage and enjoy a large chunk of that mean we'll be able to maintain that advantage and enjoy a large chunk of that increase growth in transactions now there was this power clash a bit increase growth in transactions now there was this power clash a bit man that you referred to earlier and it was mainly between visionary founder
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would you hire and that you referred to earlier and it was mainly between visionary founder would you hire on and co-founder. so what happened there and is there a and co-founder. so what happened there and is there a likely a turn for. a likely a turn for. so it still uncertain on. so it still uncertain on exactly all of the details of what happened and whether or not it was a friendly sort of takeover or whether there was a hostile takeover. exactly all of the details of what happened and whether or not it was a friendly sort of takeover or whether it was a hostile takeover by john woo and the board what is important to note is according to the law and the board what is important to note is according to
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their last prospectus in their hong kong i.p.o. filing john had 37 specht is in their hong kong i.p.o. filing john had 37 percent of the company while john who had 21 percent and 7 percent of the company while just 21 percent and so even if it was if they. take over. stuff tastes like over or some sort of negative situation there is still the potential that john comes some sort of negative situation there is still the potential that john comes back in the future if circumstances of his terminations change in the future if circumstances of his terminations change having said that there was a memo circular which having said that there was
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a memo circulated according to reports by john woo that basically stated if they did according to reports by john woo that basically stated if employees were to. take orders or listen to into. this list doesn't it that you john there may be. may have been a should be or terminations or prosecution and so there does seem to be some sort of negative sentiment prosecution and so there does seem to be some sort of negative sentiment and it will be interesting to watch as this unfolds and how it impacts bit maine and it will be interesting to watch as this unfolds and how it impacts bit main or the broader industry as a whole fascinating for the broader industry as
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a whole. fascinating story will definitely keep up ali mojave the block chain founders fund thank you so much for being here plan to keep up ali mojave the block chain founders fund thank you so much for being here. as the future of the u.s. m.c.a. . as the future of the u.s. m.c.a. better known as the new nafta is up in the air the united states neighbors to the north and south a better known as the new nafta is up in the air the united states neighbors to the north and south are reporting economic data in canada economic output was positive but all our reporting economic data in canada economic output was positive but barely as global trade uncertainty wrecked havoc on the world economy canada's barely as global trade uncertainty wrecked havoc on the world economy canada's gross domestic product climbed just point one percent in august from the previous month to an adjusted gross domestic product climbed just point one percent in
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august from the previous month to an adjusted $1.00 trillion dollars statistics canada as reported on thursday the un point 5 trillion dollars statistics canada as reported on thursday the economy grew at just over 1.3 percent year over year canada saw a commie grew up just over 1.3 percent year over year canada saw growth and factory production and professional services with a decline in wholesale transaction and oiling growth and factory production and professional services with a decline in wholesale transaction and oil and gas extraction the mexican economy witness an increase of point one percent in gas extraction the mexican economy witnessed an increase of point one percent in the 3rd quarter of the year and analysts had expected growth of point 2 percent over the time for in the 3rd quarter of the year and analysts had expected growth of point 2 percent over the timeframe there was positive growth of 3.5 percent in the sector that covered farming fishing there was positive growth of 3.5 percent in the sec. or that
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covered farming fishing and mining mexico's economy strength 5.4 percent year over year according to and mining mexico's economy strength 5.4 percent year over year according to statistics agency of i and a.g.i. . charts statistics agency of i and a.g.i. . china's manufacturing p.m.i. dropped to 49.3 in october from 49.9 as manufacturing p.m.i. dropped to 49.3 in october from 49.8 clocking in just below expectations the decline was led by deterioration 8 clocking in just below expectations the decline was led by deterioration in new orders and a decline in exports which fell to the lowest level since july in new orders and a decline in exports which fell to the lowest level since july non-manufacturing p.m.i. also disappointed coming in at 52.8 as the non-manufacturing p.m.i.
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also disappointed coming in at 52.8 as sentiment remained in negative territory for the 6 months in the row this is in sentiment remained in negative territory for the 6 months in the row this is in spite of the news that china and the u.s. agreed on the outlines of a small scale trade deals spite of the news that china and the u.s. agreed on the outlines of a small scale trade deal indicating that chinese manufacturers and businesses doubt the possibility indicating that chinese manufacturers and businesses doubt the possibility of a trade deal with president trump chinese officials have warned that they will not budge for the trade deal with president trump chinese officials have warned that they will not budge further and they remain concerned about quote trumps impulsive nature and the risks are and they remain concerned about quote trumps impulsive nature and the risk that he may back out even those with the limited deal us in
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dixie's that he may back out even that with the limited deal. us in dixie's wiped out most of the full mag ains even with the continued slowdown in asia speaking mark wiped out most of the full mag ains even with the continued slowdown in asia speaking markets all major indexes pulled back despite big earnings beats from facebook and gets all major indexes pulled back despite big earnings beats from facebook and apple. will. following a new lawsuit alleging that jewel shipped at least 1000000 contaminated following a new lawsuit alleging that a jewel shipped at least 1000000 contaminated pods to its customers marble maker altria has cut the value of its stake in the electric cars to its customers
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marlboro maker altria has cut the value of its stake in the electric cigarette company by $4500000000.00 stickers direct company by $4500000000.00 r r t is rachel love and. love and has the latest. while the united states government is considering a beta. while the united states government is considering a ban on flavored east cigarettes the popular company jewel is facing even more backlog on the unflavored east cigarettes the popular company jewel is facing even more backlash is causing them billing in months after investing $12800000000.00 it is costing them billions months after investing $12800000000.00 for a 35 percent stake in its rival jewel all through group was cut the value rollers for a 35 percent stake in its rival jewel all through group was cut the value of its stake by 4500000000 citing unexpected changes in the market and the positive at stake by
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4500000000 citing an expect. changes in the market and the possibility of. that great include a shot of that old thing again and quickly. growing out of wrote down its investment in july by more than a 3rd and now holds it at a price that is that you investment in jewel labs by more than a 3rd and now holds it at a price that values the cigarette maker at about $24000000000.00 this comes as jewel confirms plans for the cigarette maker at about $24000000000.00 this comes as jewel confirms plans to layoff around $500.00 employees or as much as 15 percent of its workforce lay off around $500.00 employees or as much as 15 percent of its workforce by the end of 2019 the company is also losing 4 of its executives and by the end of 2019 the company is also losing 4 of its executives and one filed a lawsuit this week accusing jewel of rampant corruption when one filed
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a lawsuit this week accusing jewel of rampant corruption a former senior vice president of global finances claiming the popular easy correct company shifted armor senior vice president of global finance is playing the popular easy direct company shift at least 1000000 can contain tam tam and. come with us to customers earlier this year here but never is a national issue require will recall and deal but is that when i see a lead is about the profit when asked on the c.e.o. about the problem is how do you know what the times at the time said quote how far customers are drunk and beeping like low for those who the blank is going well how far customers are drunk and beeping like low for those who the blank is going to notice the quality of our pods jewel has responded by calling the lawsuit didn't notice the quality of our pods jewel has responded by calling the lawsuit baseless and former c.e.o. kevin burns who stepped down last month released a statement and former c.e.o. kevin burns who stepped down last month released
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a statement saying quote i never said the. or anything remotely close to this period saying quote i never said this or anything remotely close to this period as the i have the company make huge investments in product quality and as the i have the company make huge investments in product quality and the facts will show this claim is absolutely false and pure fiction while the trend of using facts will show this claim is absolutely false and pure fiction while the trend of using flavored used cigarettes is taking off in the united states among millions of teenagers and young adults play word use cigarettes is taking off in the united states among millions of teenagers and young adults reports of $34.00 deaths from beeping related injuries sparked fears across the country reports of 34 deaths from babying related injuries sparked fears across the country well as traditional cigarettes killing more than 480000 american poets traditional cigarettes killing more than
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$480000.00 americans every single year there raises the question of whether there is really a bathing epidemic sons every single year there raises the question of whether there is really a bathing epidemic some scientists and researchers are working overtime to debunk the very thing scare and they are scientists and researchers are working overtime to debunk the very thing scare and they argue that the reaction to injuries from the cigarettes is emotional in a rational hysteria argue that the reaction to injuries from the cigarettes is emotional in a rational hysteria saying traditional cigarettes are still much more dangerous meanwhile more than 50 saying traditional cigarettes are still much more dangerous meanwhile more than 50 health and advocacy groups are calling for the troubled ministration to follow through with plans to force health and advocacy groups are calling for the troubled ministration to follow through with plans to force the cigarette companies to take their flavored products off the market which would effectively create a new cigarette companies to take their flavored products off the market which
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would effectively create a new black market for of a thing. in the u.s. in washington rachel glove and archie black market for vaporing in the u.s. in washington rachel glove and archie. the fashion world is no stranger to fetching high prices for face. the fashion world is no stranger to fetching high prices for famous clothing but a pair of auctions has seen some pieces go for a pretty penny in this clothing but a pair of auctions has seen some pieces go for a pretty penny for fans of the 1970 blockbuster grease lead actress livia newton john will be offered fans of the 1970 blockbuster greece lead actress livia newton john will be auctioning off several items from the set of the film but most notably her iconic lakshmi are several items from the set of the film but most notably her iconic black outfit that includes a leather jacket and pants which is likely to haul in between a 100 outfit that includes a leather jacket and pants which is likely to haul in between
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a $100200000.00 according to julian's auction the auction house behind the sale allen and $200000.00 according to julian's auctions the auction house behind the sale a portion of the proceeds will benefit ms nunes john's cancer charity and a portion of the proceeds will benefit ms nunes john's cancer charity and at the same auction house they just sold off an iconic cardigan worn by the late nirvana from an at the same auction house they just sold off an iconic cardigan worn by the late nirvana from and kurt cobain that brought in a whopping $334000.00 topping each her cobain got brought in a whopping $334000.00 topping even the highest estimate of 300000 the famed green sweater has worn by then the highest estimate of 300000 the famed green sweater has worn by the singer during the band's 1993 m.t.v. unplugged before men and according to rolling stones singer during the band's 1993 m.t.v. unplugged before men and according to rolling stone it has yet to be washed the.
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the concert the cardigan was then given to a family owned it has yet to be washed since the concert the cardigan was then given to a family friend after cobain's death in 1904 who has it had ever since a friend after cobain's death in 1904 who hasn't had ever since. that's it for this time you can catch a boom bust on direct t.v. channel. that's it by this time you can catch it on direct t.v. channel 321 dish network. or streaming 247 on t.v. 321 dish network. or streaming 247 on t.v. the free t.v. optional 279 or as always hit us up at youtube dot com the free t.v. optional to 79 or as always get us up at youtube dot com. see you next time. see you next time.
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it. is you'll be a reflection of every it. is you'll be
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a reflection of reality. jealousy. in the world transformed. in the world transformed. what will make you feel safe. what will make you feel safe. isolation community. by you tyson nation full community. are you going the right way or are you being led so. directly going the right way or are you being led so. directly. what is true what is. what is true what is
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right. in the world corrupted you need to descend. in a world corrupted you need to descend. to join us in the depths. aura make. join us in the depths. aura made in the shallowness. even the shallowness.
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eh. eh eh. eh eh. eh eh.
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eh eh. eh eh. eh eh eh. oh. oh.
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i. can see you're watching us inside. and can see you're watching us and. dissenters be. dissent is being criminalized
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speech is being arrested just ask max blumenthal editor in criminal i speech is being arrested just asked max blumenthal editor of the grey zone project and a leading investigative journalist increasingly questioner of the gray zone project and a leading investigative journalist increasingly questioning mainstream media narratives and interrogating policymakers can get you back in the mainstream media narratives and interrogating policymakers can get you banned monetized leaving the rest. and monetized leaving the rest.
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and on. and on. it's rational. rational. desire for love. desire for love need.
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zuma. zuma. more. and more the next election.
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with a snap election on the web. with a snap election on the way the u.k. prime minister and leader of the opposition can show that everything from the right to the u.k. prime minister and leader of the opposition can show that everything from russia and so is free to us designs on the n.h.s. . and so is free to us. designs on the n.h.s. . the democrat controlled u.s. house of representatives votes to move the trump impeachment to the democrat controlled u.s. house of representatives votes to move the trump impeachment inquiry to the next
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stage an open hearing the resolution is condemned by republican choir it's the next stage an open hearing the resolution is condemned by republicans as soviet style. and facebook suspends skins as soviet style. and facebook suspends accounts it believes were russian and devolved to the disinclination campaign in africa accounts it believes were russian and involved in the disinclination campaign in africa just a week off the moscow signs $1000000000.00 deals with the continent just a week after moscow signs $1000000000.00 deals with the continent.

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