tv Boom Bust RT May 26, 2020 10:30am-11:31am EDT
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to produce the essential items that personal health care and government advice requires but by our very shopping bills it seems some along the retail chain are profiting from the pandemic and watchdogs want the government to keep its pledge to stop profiting from becoming profiteering kate partridge r.t. london. for more on the possibility of new legislation will be talking to a lawyer in the next stand and be back with more news in just under half an hour from now. problem drugs don't do is come from unscrupulous dealers but from pharmacies to in every state in the united states we see me very sharp increase in the number of people seeking treatment for addiction to prescription opioids and invented america
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under the banner of medicine persisted with the pain but instead of trying to wean him off though she just goes after dose after dose after dose and really became his drug dealer so who's to blame patients doctors manufacturers all the governments of . the world is driven by a dream shaped by. the dares thinks. we dare to ask.
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this is the one business show you care to for the myth of friendship or in washington coming up continue to brew it all calling it protest against china have swept the region we think an in-depth look at what is unfolding in the economic repercussions for one of a just financial. south america has emerged as a new hotspot for the covert 1000 outbreaks as brazil now has the 2nd most infections on earth straight ahead we take a look at the situation in latin america's largest nation and around the globe as traditional currencies are facing fluctuation amid the pandemic how is tech fair and we take an expert look at the state of digital currencies and how big it is standing with
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a pack show today so let's dive right in. and thousands of demonstrators took to the streets of hong kong on sunday to protest china's newly proposed national security legislation for the city local police reported at least $180.00 arrest mostly due to unlawful assembly and disorderly conduct in a public place as protesters wind the streets of a popular shopping district in the city now the national security law in question would ban succession and subversive activity as well as taking on foreign interference and terrorism in the special administrative region on monday the chairman of the standing committee of china's national people's congress said the legislator is committed to passing the law. remain committed to upholding the law based governance in hong kong and the. constitution into special administrative region as stipulated. in the 6 mos 3 find the system for interpreting the basic laws by the n.p.c.
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. and establish a sound system for us and mechanisms one national level national security is huge to regions. and the prospect of mass protests similar to what we witnessed in 2019 set hong kong's hang seng index into turmoil on friday alone the index lost 5.6 percent its worst performance since july of 2015 meanwhile officials in the united states have taken issue with the proposed law secretary of state mike said last week quote called the proposal disastrous and would said it would quote be. a death knell for hong kong's autonomy and during an interview with n.b.c. on sunday white house national security advisor robert o'brian said it's hard to see how hong kong could remain the asian financial center that it's become if china takes over adding the u.s. could impose sanctions on china if the law is passed under the hong kong human rights act of democracy and democracy act of 2019
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a spokesperson for china's foreign ministry responded the possibility of sanctions saying if the u.s. insists on hurting china's interests china will have to take every necessary measure to counter and oppose this so let's go ahead and get some expert analysis on the economic impact of the law and the resulting protest with john quelch dean of the miami herbert business school and bus co-host christi i thank you both for joining us today christy i want to start with you here how is the u.s. likely to respond to china implementing these national security laws on hong kong. well most likely the u.s. will resort to additional sanctions and other forms of economic punishment so hong kong will also be punished on the city will likely be downgraded from external trade status but then u.s. and this was all and some very heavy financial hits as a global financial company would likely leave and overhang all of this there are major concerns that china and the u.s. are about to engage in a new round of trade wars now this is the biggest threat to the economic recovery
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and we're starting to see it unfolding now beijing is preparing for yes retaliation by doing literally the one thing that in theory it's president trump more than anything devaluing the currency that people you know see fix the r. and b. at $71209.00 monday which is the weakest fix since 2008 so while u.s. markets are closed monday and observance of memorial day asian and next seems close flat as property stocks and real estate developers in hong kong and mainland plunge up to 8 percent quality i want to bring you in here i want to look at china's currency as the spread between spot us d. and c. in asia and u.s.d. and c. and why it is likely to become more volatile in the coming days what ramifications and feedback will we expect to see in the markets and other risk assets. the spread has been between c n y and the us dollar floating between. runs around about a 5 percent spread over the last year in other words while volatility may increase
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a little bit i don't expect to see the volatility being enormous we've been in this situation before last year the markets were able to absorb that surge of demonstrations in hong kong if you look at the hang saying at the moment it's around about 2122 percent off its 52 week high which is about where the dow is off of its $52.00 week high so i don't think we should necessarily exaggerate the amount of financial damage the markets are going to suffer in the short run are and now kristie i wanted to come back to this now calls finance chief has actually argued that the national security legislation will actually help improve bit the business environment rather than harm it how do you see that happening. well there is a lot of fear and concern over the uncertainty of these new laws but a big portion of it is being twisted out of context saying that this is aimed at
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limiting hong kong's autonomy and freedoms and while yes it is undeniable that these new resolutions are aimed to prevent threats to national security by outlawing acts of secession and subversion which thank you taking as limitations to freedom of speech the main purpose of this however is to protect the general public while targeting the minority of people who are suspected of threatening national security chief security john lydon pointed to the growing local is terrorism in the city as there had been more than 10 cases involving explosives since last year now the raw material news and the method of attacks were all very similar to terrorist incidents and foreign countries so at the crux of it the main focus is really at national security and protecting the public and ensuring business continuity with in hong kong so long time mr asian is still expected to continue to uphold the freedoms of information speech and ensure the rights of foreign investors in hong kong and that has not changed at all so in a lot of ways it is being dramatically twisted and blown out of context like the slippery slope fallacy now didn't quote hong kong is home to thousands of u.s.
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companies how are they fairing in this this uncertain climate i mean after investing hundreds of millions to build out and establish an asian h.q. do you think they're going to completely abandon it or pull out i mean you're saying this is kind of overblown economic reaction or do this business is actually have the long view that this is just another bump in the road. yes around about 275300 u.s. multinationals that have their regional headquarters in hong kong these days a regional headquarters tends to have a much lower headcount than it did around about 5 or 10 years ago and many of these regional headquarters and now greater china headquarters the a.z.n. headquarters might be in singapore and there might be a separate unit overseeing japan and korea the fact is that the asian market is now so enormous that
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a single regional headquarters just doesn't do it i don't i don't expect to see many companies abandoning hong kong for singapore at this point the greater china market is so important and proximity to the greater china market is essential ex-pats prefer to live in the hong kong and now kristie i wanted to actually get your follow up on that what do you make of this situation how is this going to affect business as the asian business h q. well in terms of business i think professor college was right i don't think that this would result and companies pulling out however this is very this is very crucial in terms of it being a financial hub because as we know been since large the quiney capital for finance in asia and the fact that i.p.o.'s it within hong kong dominate and surpass that of the new york exchange years ago so this this new regulation means that it will be viewed as less attractive as a form of investment capital and essence or so from now on and i didn't quote
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actually kind of want to hit on a little bit of a different story as well revolving around china u.s. relations after resisting pressure from the u.s. prime u.k. prime minister boris johnson is apparently preparing to phase out the use of weiwei equipment from the u.k. is 5 g. network what happened here and what do you make of that quick switch. so i think as relations between the us and china are of becoming much more negative in a in a very multi dimensional way it's no longer the case that the tariff war is the sole focus of those disagreements certainly the effort has been made by the us to turn the screw on the huawei which in a sense is china's flagship international company and what we're seeing here is i think the us is lining up its allies and we saw australia last week lining up and we're going to see the u.k.
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this week lining up i think it's just all part of the effort on the part of the u.s. to get it stocks in a row so to speak and what's going to be an ongoing an ongoing confrontation with china at least for the foreseeable future until the election and now kristie i want to your follow up on that one as well i mean is this all due to the pressure from the u.s. that the u.k. has made this decision or is it something autonomous on its own. well this is probably the latest of the political drama between china and the us the u.s. is certainly putting additional pressure on the u.k. and they even furthermore they even blacklisted several more companies over the past weekend that were accused of spying and having the support of the chinese military and so those who are particularly focused in the fields of artificial intelligence and facial recognition so what that means is that these companies are now prevented from buying u.s. new technology on the grounds of national security and basically they're forcing
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the same regulations that they previously put on way and presenting it in that sense so among these companies added to the lists now aren't she who an internet security company and cloud mines a cloud computing company so a lot of this is just further more evidence that the u.s. is now submitting to the u.k. to show or to try to shall that these technologies are going to be very dangerous and that the u.s. and the u.k. should all be very worried about china and this in their technology dominance especially in the age of 5 g. and a i where we feel have better tech that means say you know more political our robust co-host christiane and john coltrane of the miami herbert business school thank you both for breaking that down for us today. in the trumpet ministration announced sunday the u.s.
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will ban entry of non-citizens traveling from brazil as latin america's most populous nation has recently seen a spike in crow virus cases the new rule will take effect late thursday and these new restrictions will only apply to non-citizens who have been in the country for up to 14 days before attempting to enter the united states so let's take another global look at the trends and spread of the corona virus with r.t. correspondent site have a juror let's start with brazil where we today. brand the world health organization has declared a south america as didn't you. epic center for corona virus specifically with brazil being the hardest in fact this week they passed both spain and italy internal to total confirmed cases and is now number 2 in the world surpassing 3 165000 cases and with over 22000 deaths a let's take a look at what's going on in brazil in details now on may 22nd so far they had the
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highest cases so far with over 22000 just in one day and moving over to deaths we're seeing in brazil in just one day on may 21st they had over 1100 that so what's even more trouble some is that all of these numbers that you see behind me that very scene behind me is that brazil's testing levels are extremely low and to give you an example in comparison here in the u.s. has run about $45000.00 tests per 1000000 people now in brazil that rate is only about $3500.00 per $1000000.00 people so many health officials fear that the real numbers there might be at least $20.00 to $20.00 times higher than reported and specifically the indigenous people in more rural areas many of them in the amazon region where people can only go to the hospitals by boat or an airplane are out in
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crease real risk and whereas the death rate elsewhere in brazil is about 6.5 percent in the amazon that's about 12.6 percent you know you've been tracking what's happening throughout the rest of latin america america where the numbers there. so taking a look at a lot america it's not just brazil it's the entire i should say south america that's also extremely vulnerable where the continent has a population of over 400000000 people so peru has reported. the 12 highest number of cases in the world with over 120000 confirmed cases and that's even more than china and chill day is reporting over 73000 cases now looking over ad could door and they've seen the most deaths per capita in that region with an 18 per 100000 people and then colombia has over 21000 cases argentina about 120-6200 venezuela i live in
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a 100 and paraguay and you're going they have about a 1000 less than 1000 cases and again what the problem is that many health officials say that these numbers are actually a lot higher than reported on health care services are reaching full capacity there and shortages of personnel and equipment may become a serious concern but just like any other region that we're seeing now south american countries are facing a very tough balance between keeping the economy open versus curtailing a spread of the virus different you know moving back up to the u.s. here we have the big holiday weekend we're actually monday today memorial day people are hitting the beaches and going out and kind of it appears that people may be getting sick of the whole social distancing measures what's going on there so over the memorial weekend there's been packed crowds of beaches in florida maryland virginia and indiana and most without even wearing
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a mask and not been taking any kind of social distancing either and it wasn't just the beaches brand a video clip taken at a lake of the ozarks and missouri and posted by a local television television anchor showed party goers packing a pool so it really does appear that a lot of americans have forgotten about the dangers of the virus and how it spreads our to correspondent side savage or thank you for keeping us up to date. number. a quick break but here because when we return is traditional currencies are facing fluctuation amid the pandemic oh it's been tech fairy we've taken facts for a look at the state of digital currency even how big point of spending will be right back in a flash. seemed wrong. just don't call. me. yet to shape
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out this day comes to educate and it gains from an equal betrayal. when something find themselves worlds apart when just to look for common ground. problem drugs don't always come from unscrupulous dealers but from pharmacies to in every state in the united states we see me very sharp increase in the number of people seeking treatment for addiction to prescription opioids invented america under the banner of medicine he persisted with the pain but instead of trying to wean him off though she just goes after dose after dose after dose and really became his drug dealer so who's to blame patients doctors manufacturers all the government.
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you can be vote with yet you like. and welcome back it looked last week like pickling was about to finally break back through the $11000.00 mark but it didn't quite happen and the now the world's largest crypto currency has dropped back to around the $9000.00 level so what happened and what will it take to get bitcoin to break out of this current spot joining us now to discuss a boom bust co-host christine and ben swan are crypto experts i mean we have
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a lot but you guys are the best now kristie i want to start with you what happened last week and where are we headed this week. well brand declines rally got rejected at around the 10 k. mark and that is a major level of resistance that we've been banging on for a couple months now so we're consolidating right below that in the made a thousands now so the entire reason is because miners are the ones right now contributing to the selling pressure they're now selling more than they my and part of this is because the break even cost a big mine is now at about $12000.00 following the having and given that the price of big point is actually right now nowhere near the $12000.00 mark this means that miners will have to sell a portion of their existing supplies in order to cover operational costs so in the cup the currency market right now there are 2 completely unmatched sellers miners and exchanges so minor sell into the market in order to cover their costs and exchanges tax the traders and sell on to the market right now the miners rolling inventory is above 100 percent which means that the miners are spending more big
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when unusual so that's going to remain a temporary overhang on declines rally on tell that it's all it's now bet at least one well known investor is warning people to stay away from big corn peter maluco the chief investment officer at wealth management firm creative planning told c and b c that every bear market presents opportunities and it's tempting particularly for younger generations to look for speculative assets now there is no need to go over into the speculative world it can be quite become a trap for spectacle of investors. well i think big point can be a trap it just depends on how you view it look easy buddy who views it as money flipping is obviously going to find themselves in a tough spot that's what happened in 2017 when you had a lot of people who got into it because they wanted to make quick money get in at $1.00 price and then watch it you know jump up $234000.00 and then jump back out again but that's not what the coin is the here's the weird thing about when when investment experts start warning against big coin if you go back over the last just the last 5 years and look at the value of what bitcoin has done and the growth that
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it set it is outperformed every other currency in the world it's outperformed gold in fact if you take the biggest stocks out there amazon goog. well netflix outperforms all of them over the last 5 years and investments or about long term plays it's not about making a quick buck so the idea that it's not a good investment doesn't make much sense now there is volatility in the market there's no question about that but if you look at it over a long period if you get into big point you say i'm going to be in this for at least 5 years maybe 10 years that i think so far history tells us it's a pretty safe bet you know kristie the world economic forum revealed its presidio principles on friday block chain bill of rights according to the nonprofit focused on fostering diplomacy and international business partnerships what do this block chain bill of rights actually do. well this one certainly interests and it's kind of a step for regulators in order to try to contain what role blocking will play in the
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future so the world economic forum is now creating this bill of rights in order to lie and buy that sector leaders policy makers and consumers and this vision of how users can be protected as locking develops so right now the outline of this is primarily focused on the right to own a managed data the right to data protection the right to information about the system and the right to understand available resources and while all this sounds well and good like a big step forward for the industry those community really can't help but wonder if this is all kind of bluff because the entire point a block is to manage your own data and a trust system and protocol so you own your own data and big quite as meant law chain is meant to cut out the middleman. brokers cut out all of the intermediary so it does seem like that they're trying to fit something that works completely fine on its own into the existing system where there's additional regulatory oversight and additional oversight on top of it even though the system this trust the system really doesn't need that. yeah this is going to say i think that's
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a really good point i think it's important for people to remember that exactly what chris he just said that the core of blocking technology is to remove government and remove authorities from having control over the system because when any government or authority has control over the financial system the banking system the legal system media systems whatever the systems are whenever you have authority that's in control of it they can to some extent game that system and control it and they do we've seen it happen time and time again so the whole point of the blog chain system was to protect against that the idea that you're going to have to now create a bill of rights that is then somehow subjected to some kind of agreed upon the world economic authority gives me a lot of pause about what this is actually about is this actually about creating greater transparency is it about us owning our own data or is it about trying to insert a centralized authority into the block there's certainly a lot more. that is going to say that it's about inserting an
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additional arbitrary auditing system that these regulators just try to implement on top of the system that works perfectly. and already has the trust of this entire network and the consensus of the entire network on top boom bust co-hosts ben swan and chris thank you both for joining us and breaking that down for us. thank you. and finally e-sports has become more widely accepted as professional sports has been mostly shut down due to the pandemic in the world of race car driving this is even created the opportunity for professional drivers to get behind the wheel of simulators while still taking on follow fellow drivers in competition now we've spoke about the millions of viewers nascar has received as they broadcast these events instead of real racing but unfortunately this can create the opportunity for cheating and that is exactly what happened in formula e.'s race at home challenge driver daniel abt has been disqualified from future events required to forfeit all points earned during these events and ordered to pay $10000.00 euros to charity for
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illegally hiring a professional sports player to compete in an official race now according to the b.b.c. the 27 year old driver hired programmer lorenzo horsing who has also subsequently been disqualified from future events in the series called challenge good because of the scandal fellow drivers had suspected of using an imposter and called attention to the situation abbott for his part apologized for not taking the situation and the races seriously and that's it for this time you can catch boom box on the brand new portable t.v. apple built on smartphones through google play and the apple app store by searching portable t.v. and portable t.v. is adding a whole channel dedicated to gamers around the globe portable t.v.'s gaming system is powered by watch mobile watch mojo one of the most trusted names in games you'll see new came in content gaming news and even cool movie reviews so download portable t.v. now this is your resource for everything gaming and to get our live r t america programming as well keep an eye out for
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a variety of content coming very soon now at portable t.v. see you next time. happened on this one of the. way to go through a food. bank itself movie theater. plaza this way got to dog so hard not to think of the mother disappeared this woman then walked up to take our and open this door open and if. this is the only thing that we do is music because everybody fights his way.
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through our you can call the 50 pound is worthless woody allen called the ability to put them on the. roof but i think it is this is the fans that is the constant. thought. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation focused unity. are you going the right way or are you being led so. direct. what is true watch is faith. in the
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world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. welcoming of us around the world live from central london this is all to you k. . the role of the prime minister's chief advisor down the trip to durham continues as one minister quits and opposition leaders call for him to go i'll be talking to a former police officer about the impact on frontline enforcement. russian president vladimir putin announces that the perspiring military parade marking 75 years since the soviet victory of a nazi germany will be staged at the end of next month he added the experts have assured him of russia has passed its covert 19 peak. experts suggest splitting the u.k. into green and red coronavirus arms to prevent the spread of infection despite the
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government insisting that it moves as one. and as prices skyrocket during the pandemic the competition watchdog wins a tough opponent needed to come back profiteering we hear from a solicitor a little later. the fallout over the prime minister's chief advisors lockdown trip to dom continues with one ministerial resignation and most opposition leaders calling for dominic cummings to be sacked and he joins me with the latest so how is the situation fairing in terms of the prime minister's chief advisor. well the fallout continues with regards to dominic cummings and his decision to take a 260 mile trip to darrent during the height of this coronavirus
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crisis and of course the lock down now we've seen opposition m.p.'s writing a letter calling on the prime minister to remove dominic cummings from his incision now this letter hasn't been signed all joined in with by the labor party but they outline their issue with how it will affect public health and also the impact it will have on the public who will inevitably awesome selves well if mr cummings can't keep the advice he himself is a part of as of course the main government advisor well then it's too hard to see how the rest of the public will also keep to that bias now that we've seen elsewhere douglas ross he's under secretary of state for scotland he's decided to step down from his position in protest and he's written a letter outlining why is to say decided to resign now mr ross says that say he hates current explain to his constituents who have been following this advice
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you've been staying at home who have been observing the lock down some of you haven't been able to say goodbye to their loved ones get caught in good faith explain how he could remain as part of a government which of course keeps on board an advisor to him self is so flagrantly clouted that same advice now with the prime minister has been forced to defend mr cummings who himself faced the nation's media over the weekend of the bank holiday weekend and said that the advice that he had taken all the action that he had taken was both legal and also reasonable. i don't think of so i don't think i'm so different and i don't think there's one rule for from the and one rule for the people. as i said i think that it's a look through. and i knew what the guidance was. it talks about
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exceptional circumstances with with small children and i think that in all circumstances i behave reasonably illegally as as i said i think there is understandable anger but a lot of that anger is based on reports in the media that the that have not been true and. it's extremely regrettable. but. the good the media that we're reporting some of these things that were wrong were told that they were wrong but they reported them anyway. now it was also revealed that mr cummings took a drive to the northern town of balakot select again in the area of darren and he said he was taking a lie psych still going that is i sat tests before heading back to london in sound so i asked why mr cummings was even driving in the 1st place if he felt his eyesight was so badly affected into space. on sunday the 12th of april
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15 days after he had 1st after 1st displayed symptoms i decided to return to work my wife was very worried particularly given my site it seemed to seem to have been affected by the disease she don't want to risk the nearly 300 mile drive with our child given how ill i had been we agreed that we should go for a short drive to see if i could drive safely we drove for a few half an hour and ended up on the outskirts of bond castletown who did not visit the castle we did not walk around the town we parked by a river. my wife and i discussed the situation we agreed that i could drive safely she turned around to her. mr cummings as decision to make that journey has had an impact on the public perception of the government and its handling of this crisis the prime minister's approval ratings are taking a hit the boardings use of answer mr johnson's rating is now minus one just 4 days
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ago it was just 19 when the government itself its approval rating is also taken a tumble so at minus 2 it was a staggering that's a drop of a staggering 16 points in just one day indicating that perhaps the idea that the prime minister hasn't reacted quick enough dismissing mr cummings is pretty impacting how the government view its handling of the entire crisis and he said what about the country's latest death thing as. well you see drugs crisis the government having their own figures and those have been moving in parallel with the ones released by the office of national statistics now if you take a look at the oh and s. as big as we can see that according to them in the period leading up to the 15th of may there had been 54000 excess deaths and in the wales that's more than the 5 year average over the same period now that's all that's $54000.00 more than the average of over 5 years now that includes $60000.00 across the u.k.
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$42000.00 of those deaths are coded 19 related of course there are other excess deaths which are taking place as a result for example of people perhaps not getting the care they need for cancer and other ailments but there is a glimmer of hope that just over 44000 covert 19 registered deaths were found to have taken place in the weeks leading up to may the 15th welded to the ins which is the lowest figure for 6 weeks and again could be an indication that the ear infection the virus is under control or getting out of control or and of course it is in a lockdown measures are also other fears that we could soon see a 2nd wave of this crisis. thank you very much indeed for that update on for more on this i'm not joined by former police officer and policing expert peter williams because at o.t. here now just how much damage as is done to the enforcement of lockdown measures.
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i'm not sure what the damage will be when it's been when it's look at retrospective legal it certainly hasn't done it any so use whatsoever. i've said previously in our conversation with bill on oxy u.k. the most. powerful tool that the police have insurance or enforce this very difficult legislation is the cooperation of the public and as you know in the wider context of policing generally police by consent and of course what the public will have witnessed over the past few days will have dual absolutely no focus whilst soul to rank and file officers today that are out there trying to enforce all applied for pleas which the college of policing of suggested that will be the best practice to do with this legislation and of course that is suing
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gaging corage explained on the final stage of that as you know bill is to enforce. and i would like to know her go on her pretty good guess how many times it's been said to him on juicy police officer or police c.s.o. today well why are you picking on me what about dominick cummins i'm afraid the credibility of the legislation is now shot through what you just said was of course demonstrated over the bank holiday wasn't it we had packed beaches beachgoers even saying well cummings has given the reason to break the rules so what you're saying the police authority has really been undermined now. ok louis i mean basically this is as i've said previously this is very difficult legislation for the police service to work it was rushed through hours of sept previously in about a week when parliament was known stage for the water eps it's at
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legislation that goes out a major impact on everybody's all our lives and it's been very very difficult period for everybody and as of said just previously the most powerful tool of police service of gas is the cooperation of the public and by and large that have that but i'm afraid that has been it has been somewhat of a tacit cooperation on a suspect from the actions of what we've witnessed unfortunately which comes to light in the press that both a few days that will be stills of gradually removed i suspect but as we want to speak to the lock down rules being ignored has been a blind item on because the coming says that the rules do allow him to get out if a child is involved and then there is that sort of a get out on this how do you view that with child care isn't as an issue well i view that is the element this is missing if you like in
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a successful prosecution of people or suspect you viewers will know what i'm talking about is what we call the elements of men's rhea and the men's room is the guilty incense and it's that element of this whole action that miss the commons is denying and it's not of course if it went to an 8 independent adjudication which of course you won't not a formal sense anyway i suspect or the people would have to make a decision based on what the based on what we've learnt it and it appears that it says that. johnson the prime minister's accepted as being as not being present and that the the. update in the circumstances recently but the total it will all during the own conclusions reminds me very much of the explanation in relate in the aftermath of the charles green shoots when the 2 people who were suspected of
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it went on russian t.v. i looked all said that they were there to view the cathedral shoulder and this is reminiscent of that explanation in my view peter thank you very much indeed for being with us on this peter williams. well or to discuss this in more detail we'll be talking to another guest in the next couple of hours but meantime let's have a look at the corona virus figures across the u.k. according to individual health authorities are being 142 deaths since yesterday and h.s. england has reported 116 hospital deaths the scottish 1st minister has announced 18 across all settings and wales has reported 8 in northern ireland reported none. of the scottish 1st minister will roll out an extensive testing and tracing programme across scotland from thursday it listed and says to be effective it will require scots with symptoms to be tested and to provide the details of recent close contact with others and the welsh local government association says councils will
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take a generation to financially recover from the impact of the virus because reveal councils have accumulated a deficit of around 173000000 pounds during lockdown. let's take a look at how the virus is affecting the rest of the world or than the 5 and a half 1000000 have been affected according to johns hopkins university which collates worldwide there have been over 346000 deaths and as you can see there are over 2200000 recoveries. france is planning a major overhaul of its health care system beginning with an urgent 2 month review into its future over a dozen inmates have been infected inside an overcrowded. prison in the argentinian capital the conditions are sparking concerns over the health and safety. of those restrictions ease across the u.s. new york has temporarily allowed known as central gatherings all 10 or fewer people the exception was made for the memorial day holiday weekend which on his military personnel who have died in service.
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still to come a. russian president vladimir putin announces the spoke military parade will be staged at the end of next month i think that experts have assured him that russia has passed its coded $98.00. to experts according to the u.k. to speak with a green and red coronavirus certains to prevent the spread of infection will be hearing from one of them. and the prices of items such as hand sanitizer go through the roof competition watchdog has urged the couple to crack down on and demi profiteering from the solicitor.
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no one else chose seemed wrong one old quote just don't all. let me. get to shape out just become educated and in gains from it equals betrayal. when so many find themselves worlds apart when you choose to look for common ground . you can be both with the yeah you walk. the world is driven by dreamers shaped by one person or those great.
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military thinks. we dare to ask. president vladimir putin says he's been assured by specialists at the coronavirus is now poss its peak in russia he went on to reveal that moscow's proposed disposed i should say victory day parade commemorating the defeat of nazi germany will now be held next month while he's not against you have has more. well money must bear in mind how important the victory day celebrations are for the average russian i
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mean the price that the country paid to win the 2nd world war was was tremendous it was absolutely huge tens of millions of russians soviet citizens perished died stopping the nazi war machine so obviously you know with most russians having relatives who died in that war it's important to come together and to celebrate their sacrifice to that end we know that the government left that laying the parade until the last moment they they had hoped that the pandemic would os russia bio wouldn't be serious enough to threaten those days it was still unclear fortunately they delayed until the situation got better and now let me have putin says he was assured by specialists that the worst is over the peak has been passed and he has ordered the minister of defense to prepare for the 1st part of the victory day celebrations there are 2 parts the 1st part is the military parade with vehicles and jets roaring move ahead with thousands of troops marching down the red square
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over russian cities that part of the parade will happen on the 24th of june unfortunately the 2nd part of the parade that is the march of the immortal regiment where millions of russians all over the country marched with portraits of their grandfathers all grandmothers who venture into so many veterans who died during the 2nd world war they march in massive columns and massive crowds massive march as it obviously is not meant couldn't them selves said it's impossible to to guarantee safety at the demick pandemic safety in those conditions busy in your. throwing you unfortunately for objective reasons we can't show it terence to strict safety rules during the march of the immortal regiment which unites millions of arabs citizens in a single formation with an endless stream of. people marching along the streets of our cities and in these circumstances it is impossible to maintain any social distancing therefore i propose to hold the march 1 month after the victory day
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parade on july the 26 that date also marks our military glory it's the day of the navy. tentatively the date is on the 26th of july but with the situation of the pandemic as they are there's no telling whether it will happen or whether it will be delayed again in the interest of public safety and that is where they counsel the initial quake the initial march of the mortal regiment because people's safety comes 1st then the parade or the celebrations can always come a little later when the situation is safer but but i must say this is welcome news that it's been an incredibly difficult few months for everyone all over the world for millions tens of millions of russians and a little celebration memorial and show you know this is the time for them experts say the country could be split into zones which would allow travel between
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areas with lower rates of infection based on designs used in france and spain the domestic restrictions could prevent a 2nd wave with part of the u.k. still battling outbreaks in regions designated green people could travel freely while those in red zones will still have a lock down restrictions in place like no not essential travel those living in green zones will be able to move to other regions with low infection rates linked by green bridges as red zones get their infections under control restrictions could be loosened a new green bridges could be formed to link them to other green zones but the government has previously said that its preference is to lift restrictions uniformly only imposing tougher limits if infections rise and one of those behind the plan barrie pradelle skee told me that if the plan will only work it will only work if the public have faith in it. 2 differences one of the green bridges within the country so you could for example consider trains going from one green zone to
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another green zone without stopping in a red zone so there will be commuting between those 2 possible and then internationally with airport it is quite easy so for example say that. there are 1000 of the u.k.'s already safe it could open up travel to for example new york or travel to madrid through the forbidden if madrid isn't safe yet we've got a slight problem though in this country bearing in mind the rally over the so-called late breaking their own rules i'm sure you are fully aware of this can the government risk such a policy well i think it was well explained where communications all the number one important factor and obviously a band by the head of the government is also quite helpful here. they can risk and i think it can really give power back to the people rather than having a feeling that you're living in under lockdown which does not really apply to your region. and death for baines is natural because if you don't if you'd risk why should you date a certain ruled with prices of hand sanitizer antibacterial wipes and even toilet
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paper soaring journal pandemic the competition watchdog as well the tougher powers a needed from central government but it seems those powers are not forthcoming as r g u k s k partridge reports. german politician who once said in time of war the loudest patriots are the greatest profiteers this time the war is coronavirus and the patriots are those profiteering on essential items the practice of ramping up prices for profit on high demand goods is called price gouging and there's plenty of it between march the ten's and april the 19th the competition and markets will sorry to receive $21000.00 complaints related to the pandemic including price hikes the average increase was 130 percent and for hand sanitizers 367 percent hitting consumers in the pocket i think things have sort of gently crept up on really being able to convey when i go out. for between 6 and then there was that if
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a point has had a tosses you know things like that it's you should be curious you go not the only people who call or fold it now but the competition watchdog has promised to take action. our covert 19 task force continues to scrutinize reports of potentially harmful sales practices including inflated price rises the vast majority of businesses are doing the right thing but where there is evidence that fans may have broken the law we'll be using our existing powers to the maximum possible extent but there's a cabby at along with our existing powers we have also advised the government on options for emergency time limited legislation that could give a better chance of dealing with this type of problem in other words the competition watchdog has lobbied the government to crack down on profiteering from the pandemic as a reg gaps in the system which lawyers say leaves the c.m.a. powerless and a much prime minister boris johnson agreed with the watchdog and told the house of commons that new laws were needed to tackle profiteering profiteering is something
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that we should be looking at from a legacy point of view in loose houses then in april business secretary alex sharma met amazon and e bay to discuss price gouging on their sites after reports of hand sanitizer selling for $360.00 pounds the retailers claimed thousands of listings have since been removed while emergency laws have been passed in the us and france but the idea stalled in the u.k. as the business department is not in favor of laws on price control there is probably going to be people within government who all are going to be of the belief that the market will fix itself but we've seen plenty of times in the past about just doesn't always happen sometimes the government doesn't need to intervene of course where you can probably also see plenty of areas where there is a veil ability perhaps the government believes that there's sufficient stock available in these outlets which are selling these items at reasonable prices which
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will effectively push aside those trying to make a quick pounds the expense of people who need these basic goods but again as long as that continues to be the case as long as there are people in as long as there is short. blither is all acutely and fully believed to be the wrong move as far as the government concerned but i do believe this is one of those situations that they do need to interfere we contacted the department of business to ask if any progress had been made on new legislation but they haven't got back to us. and not all shopkeepers are making big profits with some saying they had to cut their hours and increased prices to make ends meet as a store where i think we are struggling we have got no customers so we have reduced our working hours used to be 6 to 7 it has been reduced to 62 but i had to open just because i have regular customers and rested and there ideally were the newspapers do while other local shop owners blame their suppliers for demanding higher prices which have had to be passed on to consumers to ensure their
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businesses and the services they provide survive in terms of obviously the common items you know and stuff like that if you can even get this stuff it is extremely expensive we have to remain competitive we are best we don't have loyalty cards we are based on our customer service and part of customer service is open offering a competitive by a fair price in a global pandemic retailers and consumers are feeling the pinch there's also big pressure on suppliers to produce the essential items that personal health care and government advice requires but by our very shopping bills it seems some along the retail chain are profiting from the pandemic and watchdogs want the government to keep its pledge to stop profiting from becoming profiteering kate partridge r.t. london. for more on all of this and are joined by solicitor gary right prof gary how do we define profiteering when shops struggle to keep up with demand inevitably
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prices will rise when you are right the law of supply and demand means that prices will write a book i think we all know instinctively when proust price gouging is happening because something is inflated in price and it means that retailers are profiteering as you say rather than profiting so if we crack down on this do we not risk undermining the free market. well i think we've now had 3 months of it and i can understand the government maybe thought well the market will correct itself over the last 3 months as you've said in your report is now they've been actually $21000.00 complaints made to the competition mark assorted over one month period from march to april so clearly there is an issue out there and those are the go shopping that leave our houses to do our weekly shop to get to the guidelines will we will know that certain items have gone up quite significantly in price and there
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are restrictions in place within the shops anyway restricting the number of certain items that you can buy so my own view is that we've reached the point where it would be justified now for the c.m.a. to have the emergency legislation that they're seeking this legislation would do what how would you impose this law what would the penalties be would you actually carry out all this. law where you a starting point is to consider what the c.m.a. can do at the moment which actually isn't very not that have really have kind of teeth at the moment that they can write to businesses and say we are very happy with what you're doing book how successful that's going to be to stop profiteering no my own view is that there should be fines on businesses that are demonstrated to be profiteering now actually how you prove that is it is a complex issue because as you're well put together we pour made clear this isn't
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just about one issue it's about supply and demand it's about where the shops and sells. managed to source their goods from money it's also about whether there is a valid billet of items in in other shops which is reasonably priced so it is a complex area but as i say 3 months in i think it's now time to look at it's not i am supporting these c.m.a. in their call for this to address. by the government just finally then because of the lockdown of course we have been going to shops many have been shopping online and that must be very difficult to crack down on that when of course we're looking at a global marketplace only what we owe the fact as as you mentioned in your report there isn't any bay which are 2 well known platforms for buying online that they actually are able to crack down they are subject to the laws of the marketplace and they know very well that if their customers are happy because they were quote rogue traders on that and they do clamp down on them so actually in
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a sense they have more power than government do and of course as consumers you also have greater rights when you shopping online because if you buy something online as a consumer you can return it within 14 days if you are tempted into buying something online the elected think is perhaps overly priced maybe you had that flushing sign up saying only 2 of these left by now and then when you actually get 8 and realize that you may be paid over the odds you can return it within 14 days so in that sense shopping online is it is better for the consumer than shopping in retail stores thanks so much gary really good to talk to you on this. and that's it i'll be back with more news in just under half an hour including the government's daily coronavirus press briefing live from downing street.
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