well you sleep well. but the way it's always ok it was. not something you did you'd see me to. take you with us that would get the clintons up. the the gavel to. see the way you know. yes well. this is boom bust that one business show you can't afford to miss on fairmont us over in washington coming out protest against racial injustice continue across the united states and now around the globe will discuss the demonstrations with

economics professor richard wolfe and artie's rick sanchez then of the trauma virus pandemic continued governments around the world are looking for revenue we'll tell you about the european countries looking to put digital on american tech companies we have a packed show today so let's go and dive right in. we're going to start today with a panel discussion with our tease host of the news with rick sanchez rick sanchez and host of economic day and author of understanding socialism professor richard wolfe thank you for joining me today professor i want to start with you these these protests are just ravaging the overall become more peaceful what start with the basic question of why is this movement spreading worldwide. well i think. what anyone should have understood was coming this is a major on all on working people or cruel. i mean you put 40000000

people out who were out of time were going to already under pressure because the government didn't prepare very well and then. nor is it managing it really well and you're putting people under an eagle neat little pressure and when you couple that with all certainty that they don't know about whether they are. poor and you know that you're going to explosions and they're going to impact all kinds of communities and unfortunately you will see bad reaction by the police in this country you don't have a good record you're going to see anger on the part of people who've suffered more even than the average person was unemployed and then we have this tragedy of the united states that's constantly reliables of efforts just split the working class from having a uniform and organized reaction in to fighting battles over racial differences that we should have put to rest a century ago

a lot of frustration from not just americans but now it's spreading worldwide rick racial disparity and injustice isn't just an american issue. it's not really that much about racial disparity and injustice what's happened in america and i can tell you i think from my experiences as an immigrant who came to america as somebody who grew up with parents who only made $11000.00 a year combined income that's what my job my dad having 2 jobs and my mom having one job sewing leather shoes in a factory. there was a famous russian immigrant who came to america about 100 years ago sarah his name was abraham mass law and he said if you're a hammer everything is a nail. if you're hammer everything is a nail that's what's happened to our justice system in america about 30 or 40 years

ago and successively since what we've done is we've militarized our police departments we've militarized our cities for economic reasons and for political reasons we have chosen to put all of our funding all of our money on those people who arrest people rather than those people who helped grow people so go back to the what i just said or work if you're a hammer everything's a nail if you're a police department who's wearing camouflage and army uniforms everybody is the enemy if all you have in your city are police officers no longer hire counselors psychologist teachers park and recreation leaders then the people you've hired see everyone is a killer let me ask you if they see their job yet they if there's a lack of good storylines is this a lack of resources no no it's not a lack of resources it's news in the resources in the wrong way if in other words every politician in america from city councilman do mayors decided somewhere along

the line 2530 years ago that they would have stump speeches that said i'm going to give you more police officers i'm going to be tougher i'm going to give you more cops i'm going to give you tags to have on the streets i'm going to get your cops machine guns and that continued over time and over time and what it did was it turned us all into boss versus them and it's been going on ever since and everybody you know i know there's obviously a racial disparity in all of this as you said and it does tend to break more toward african-americans who look different but if you really look at it police officers in america out there also versus them that they've developed many of them are good people but they've been put in that situation so that's what they're going to do intelsat your job to go out and arrest people in their event an area that i am and there's an experiment i. i don't recall the name of it were they places a sociologist i believe performed it with a place certain people in cop uniforms others as prisoners when you give somebody

that authority had 0 training and they they felt the power they felt that authority so i understand what you're saying rick professor what you talked about the exacerbation of this because of the frustration of the pandemic when you have so much unemployment what we're looking at right here but is this actually going to change anything is it time for change. well i think what the message is which i hope our leaders or the one month confident that they will go home is and i gree with regarding this if you don't change the way you're proceeding how you were allocated your resources but where you get the adequate resources to deal with this if you think you can dominate or retrenched or for reasons you're not on dish in being that you cannot cheat squeezing them ration of your equal the way we are doing now fundamentally economically what we do all the races who do this is going

to weeks we have serious problems in this country they are not being addressed they're being deflect it because we don't have the money going where it needs to go all the rich get richer everybody else is worried to death your own little list is off that's how empires die not from external exact words from design inside we are in that position well rick a little lesson to quick answer here at the world economic forum is looking to adopt a new format next year they're actually going through a new slogan the theme is the great reset of 2021 this is obviously an elite gathering that happens annually every january and davos is that moving the needle even further should this meeting be held elsewhere. the only problem with this is that every change the changes that we make fundamentally are going to have to come from the bottom up i don't think you can change things from the top you don't

change things with your president or your governor you have to change things at the at the level where people are actually feeling this this shift this change with the police officer for example look i've said this before it's it's as simple as this if you want to take every police department in america starting tomorrow and take every cop and say 2 days a week we're taking away your badge and your gun and we're going to assign you to a playground or a school or a craft area or whatever and we're going to give you a coach's had a whistle or we're going to give you an opportunity to help young men grow and learn about life or we're going to let you do arts and crafts with young small kids or i'm going to let you be a counselor it would fundamentally change our society overnight and it's not a law that comes from above it's about creating relationships with people that right now in our country do not exist well and we have we have these people over

here our authority of people over here who have none well that's not right we have seen some protesters thumb up police officers kneeling at what the protesters standing with the protesters but you question and ask yourselves is this for show is this do they is this intentional is this i mean how many george floyd have there been that we have not seen will smith had a perfectly is just it's not that it's changed it's that now we can film it right yeah yeah yeah that's a big part of it i think professor wolf what agree that in the end we have fundamentally screwed up how we create our society and then you have of course some of the media members who are you know cheering on this authoritative society that we've created you know professor wolf i don't know about how you feel about this but i think in many ways they're just as they're just as much to blame. absolutely i couldn't agree more i mean that's why we need the fundamental change and you're right it not only has to come from below but that is where it is in fact coming now

there's an irony here we don't reach a good deal well enough their way looking is a no better form of redistributing wealth the message there is if you don't want to read distribute in violent and you know ways you've got to start by distributing it fairly we don't do that in our capitalist are we looking at basic income basic universal income is that something that would solve that that's a fresh in that direction it's not the particulars that are necessary rick sanchez is right you have to change the whole mindset the whole organization otherwise the piecemeal things are things that will be said and done that dabbles will become engine history in 10 minutes because the reality is being worked out in every workplace every office or. strangle you all good and i really like what you

said rick what you said about placing these police officers taking away their guns place them in a playground but giving them a wessel a ball cap acting like humanizing them because often oftentimes they're in there didn't humanize and it's unfortunate we'll see where this goes from here protesters aren't going anywhere go ahead read last thought. i was just going to say we need to stop putting it all on police officers we've put them in a horrible situation and many of them are good people essentially playing the role that we've given them and you know what i love america i love this country i'm so proud 6 of the opportunity that i got from this country coming here is a poor refugee and i think we can work this but we need to create those relationships to make it happen and i trust that we need we need a less hostile thank you so much for that discussion rick sanchez host of the news rick sanchez and economics professor richard wolfe thank you again. back here in washington d.c. the demonstrations appear to be peaceful compared to days prior however protesters

say they will continue to exercise their 1st amendment rights and they will not stop sharing their message of injustice and racial inequality artie's rachel blevins has been covering the protests in the nation's capital to joins us now outside the white house rachel what is the latest on the ground. once they're out here we have just learned that all 4 officers were fired for their role in george was will face charges but at the same time that has done very little to change the atmosphere here and while protesters say it's a good start they also say that this movement is about much more than just words floyd now we're here outside of the white house about as close as we can get to it as you can see behind me there are hundreds of protesters that have gathered on the other side of those protesters there is a line of armored personnel so far we've seen military police and federal police and behind them there are 2 vehicles now there have been different reports today about whether active duty troops would be coming on the ground here in d.c.

to police these protesters but defense secretary mark. doesn't believe this is the way to help things or the way to deal with these protests so for now it looks like there won't be active duty troops on the ground now it's important to know just how peaceful these protests have been over the last 24 hours here in washington d.c. and that's a credit. important because over the last 24 hours we've seen some of the largest protests so far take a look at what we saw earlier today. protesters gathered by the hundreds in washington d.c. wednesday morning for a march to the capitol building demonstrators said their goal was to continue spreading their message despite the threat of an increase crackdown finally the protesters are marching to the capital right now here in washington d.c. and we are here in calls of no justice no peace say his name george floyd is a high name briana taylor and people that have gathered here want to emphasize the fact that this is a largely peaceful protest but at the same time they are still adamant about

bringing attention to those cases of police brutality the cases where americans have lost their lives at the hands of police yet in these cases as they have said there has been no justice and they say there will be no peace the protest was organized by the group freedom fighters d.c. and they repeatedly emphasize the fact that it was meant to bring awareness to a message that has been at the heart of these protests since the beginning organizers were seen handing out bottles of water mask and hand sanitizer and demonstrators included people of all races all ages and all backgrounds this protest comes one day after thousands were seen marching to the white house marking the largest gathering the city has seen since the protests began many of those protesters broke the 7 pm curfew implemented by the district but even then the demonstrations were largely peaceful and the clashes with police appeared to be minimal. now the overwhelming message from these protesters has been that they want their voices to be heard they want to see justice perfect i'm supporting sports how

do you like her on a scale or untoward void and they want to see a shift in the way the policing is handled here in the united states now even with the curfews even with all of the militarized police that we have seen here on the ground these protesters say they don't plan to stop anytime soon reporting for boom bust outside of the white house rachel blevins artsy. time now for a quick break but stay here because when we return the twitter feud between the social media giant and president donald trump continues but now the company says it isn't going after all misinformation we'll explain as we go to break here the numbers out there but. in 2008 there was the global financial crisis and the solution was not to reform

the banking system to stop the crisis from repeating again the solution was here's a bigger credit line to the worst banks in america to do the same thing but much worse and we said we predicted within 10 to 12 years there would be a repeat of the 2008 crisis but much bigger a much bigger scale something saqlain what's happening now. a murder was never great was founded on the rate in the murder. nothing changed so we said all response so these situations that we're dealing with. people get sad every day she has to show people kill each other blood to kill each other. so it was just no way that people are going to just sit back

and allow children to be shot down law enforcement. this country doesn't work for us it doesn't function for us. this is can't be happening in america. from the streets we've got to deal with why this is the reason i have to write like this is the reason. the u.s. trade representative announced its plan to open a mensa geishas on some countries over a digital tax plan on american tech giants well the u.s. t.r. office is concerned the digital services taxes are discriminatory against united states companies who must. now to discuss kristie is a u.s. instigating another trade war with the rest of the world this time over digital

taxes. all right now the u.s. is opening probes into these nations planning higher duties on tech giants announcing that it is and besting australia brazil the new india indonesia italy spain turkey the u.k. and the czech republic so this could lead to charges being imposed was on the country's exports to the u.s. now this probe encompasses general taxes that have either been adopted or are under consideration by the country's move seeks to determine whether or not the u.s. levies on electronic congressman 8 against american type apple amazon so all of this looks like a rinse and repeat playbook of how the trade with china 1st started out so-called section 301 investigation by the u.s. was conducted and after several months the u.s. concluded wrongdoing by china led to an escalation in tariffs on about the $60000000000.00 worth of goods so it is not far fetched to think that the u.s.

is instigating another trade war get it get so right now the organ or economic development is trying to find agreement among $140.00 countries on a global tax overhaul in order to address how multinationals particularly tech giants are taxed in countries where they have users so it's set to present a plan by the end of this year. many countries are desperate for fresh cash as the coronavirus crisis has emptied out the government coffers and right now they're turning to very well capitalized tech giants for revenue well and it is an election year so this is important for president trump we know he likes to start these trade wars he has to be careful about the timing of this so kristie the wave of of the markets they're continuing to march up this is despite the pandemic what's the latest there. all the market is rallying against wednesday on the back of better than expected economic data that i have some data show that the u.s. so it's a sector contract at less than expected we bound from an 11 year trough so last

month when you came in at $45.00 which still indicates a contraction in the services sector but at least it's bouncing back and the a.t.p. also reported one data company lost another 2700000 dollars last month and normally this would be a really nasty press but instead this came in significantly above expectations of $8700000.00 so the market is taking that as a sign of good news that the most severe job crisis in u.s. history is about to turn as the economy starts to reopen so they're trying to trying to twist the narrative of the bad news is bad but it's not so bad so it's apparently a bit optimistic continue claimed also drop by nearly $4000000.00 and then on top of that there is also this growing optimism for additional government stimulus so it is likely that americans will receive a 2nd round of economic stimulus payments under the proposed heroes act which is on the table as a 3 trillion dollars package right we're still waiting on that on that vote but of course there are these protests have taken over the time of these senators and

people in office kristie tensions continue to build up between the east and the west as china is now facing mounting criticism for its security laws that imposed last week on hong kong now the u.k. is getting involved what's happened there. so this is a completely unexpected move wednesday when u.k. prime minister boris johnson pledged to provide british. citizenship for nearly $3000000.00 hong kong residents and responds to beijing's newly inactive security laws so he can announce that people in hong kong who hold the bridge national overseas passport will be allowed to come to the u.k. for 12 months with out of news and provide an unspecified pathway to future citizenship so this is quite unexpected as britain has just luck that you knew in part to curb the flow of european migrants into the country so the nation right now is also facing an uncertain economic future due to colin 19 so if history is any guide analysts suspect that this is likely to be an empty gesture that britain may actually grant the right to abode to maybe only

a fraction of the you know passport holders mainly entrepreneurs professionals financier's and people who are deemed politically sensitive but even so china is of course furious and u.k. to stop interfering hall calls and china's internal affairs and from this this law that beijing imposed but was co-host christi i think you. think you. in light of the new executive order signed by president trump twitter is attempting to clarify its position on removing what it calls misinformation from the platform that includes a new clarification in which twitter claims company wasn't focused on flagging all misinformation but instead is giving priority to posts with the highest potential for harm well joining us now to discuss has been west coast let's get a journalist. twitter's newest statement about this came out in a tweet on tuesday and it reads we are not attempting to address all misinformation instead we prioritize based on the highest potential for harm focusing on manipulated media civic integrity and coven 1000 likelihood to vary and type of

potential harm along with search or reach and scale factor into this war what do you make of the statement. yeah i make of it that it's a ridiculous statement look twitter is scrambling right now to try to figure out how to deal with this executive order that was signed by president trump we have talked about it on the show for section $230.00 of the communications decency act was it was just simply is a liability shield for tech companies and it's not just whether facebook and google you tube as well they all hide behind this this liability show which allows them to be a platform that cannot be sued the problem is that twitter and these other companies are not acting as platforms they are acting as publishers and with an editorial control so what twitter's trying to do now is clarify and say no we're not actually using editorial control meaning we're not you know since arena all this information we're just dealing with things that might be misinformation and harmful to the public and so they're trying to set themselves up almost as

a censor of things that have public detriment to them the problem is that this is been long documented that twitter shadow bans users and they control and editorialize content on their platform now they're trying to spin this and there's a difference between fake news and something like having editorial control over something that could be harmful violates their terms of use one of the tweets at twitter flagged it was won by the president and which trump said when the looting starts a shooting starts critics say that was an allusion to the u.s. era segregation so how does twitter's context checking fit into the example versus fact checking well that's that's what twitter is now saying is they're saying we're not fact checkers we don't fact check but we do context check no they don't they absolutely do not context because context checking is actually a more difficult job than fact checking fact checking z.z. that checking goes in and says is is the statement here true or untrue on a just a flat scale context checking says let's go into the context of what's being said

and determine whether or not in the greater scheme of lots of information this information is still accurate or true none of that has anything to do with what the president said. when the president said it was something that was considered insensitive it was considered race baiting did it was a throwback to many people to the time of segregation and so they saw it as offensive so you could label something as offensive to some people but that doesn't mean that your context for what we're led for because you think it right there's no facts involved in it he was just simply saying something that was off the cuff and was demeaning to some people but at the same time there's nothing to do other context or fact check there it's really interesting how they're now changing their language for that but then meanwhile we're seeing a number of out of context twitter accounts become protest accounts for example the out of context bojo course meant account with $180000.00 followers it posted bail funds for people to donate to posted advice on safety protesting and amplified black voices fighting against police brutality why are these accounts doing this

and is it even a smart move well it's an interesting move because you do have these they're called like you said out of context project horsemen are out of context futurama and what they do is they take these basically fan sites and they are now becoming politicized listen i think they they they say we have a big platform and we can use it for good i think that smart but at the same time there is a certain point at which people say i don't want every part of my life and every time i go to social media to have to deal with politics i want to have a look at something else at some point so it's an interesting kind of balance i think you're going to find there absolutely been less cohost an investigative journalist spence one thank you we'll see if they find that balance ever there are things. that for this time you can catch the most on demand on the brand in portable t.v. avondale on smartphones through google play and the apple app store by searching for the t.v. the next time. according

to several sources felice in the united states kills from 2 to 4 people simply day . one child had his hand. with. one of my being arrested for a response from me and. that is just their little world to establish they developed just us against them into. a long history of terms like 25 years as . i had to shoot someone holding it close. to me. there is a corruption inside of this lease i don't think. in

2008 there was the global financial crisis and the solution was not to reform the banking system to stop the crisis from repeating again the solution was here's a bigger credit line to the worst banks in america to do the same thing but much worse and we said we predicted within 10 to 12 years there would be a repeat of the 2008 crisis but much bigger a much bigger scale something saqlain what's happening in. the world is driven by shaped by one person.

thinks. we. here to ask. is your media a reflection of reality. in a world transformed. what will make you feel safe. and they should community. are you going the right way or are you being. direct. forces. in the world corrupted you need to descend. to join us in the depths. or remain in the shallows.

i'm max foster this is the castle report hey you know a lot of people are just running around crazily rioting all kinds of nutty stuff the question is is this all prophecy is it all basically been. for all day and there's not a word ordained that's it for it's all ordained here on this show we pretty much told you all this was going to happen years ago right stacy well i want to look at a few different you know themes going forward and theories that have been long present and that could.