tv Boom Bust RT June 17, 2020 9:30am-10:31am EDT
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this is the one business show you can't afford to miss them on to say ok in washington coming up big health and economic news markets today but are we past market bottom we have a channel for you that much energy factor is among the worst start of the pandemic putting many jobs at risk you have a cockroach today so let's go and dive right into. big health and economic news driving markets up on this tuesday a u.k. clinical trial known as recovery found a possible treatment for cobra 19 well providing low doses of the generic state stero a drug dexamethasone to patients with the krona virus reduce death by up to one 3rd in severely ill hospitalized patients for patients on oxygen it could death by a 5th while oxford university professor martin landry co-leading the trial said this is a result that shows. that if patients who have coburn 19 are on ventilators or on
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oxygen are given dexamethasone it will save lives and it will do so at a remarkably low cost coal lead investigator peter or be added it's a major breakthrough doc some of the film is inexpensive on the shelf and can be used immediately to save lives worldwide meanwhile stocks also jumped after the u.s. commerce department released data on consumer spending for the month of may after 2 consecutive months of record dropped retail sales posted a record 17.7 percent that's more than double previous 8.4 percent estimates well in march it plunged by 8.3 percent and in april by 14 point 7 percent retail sales make up nearly half of all consumer spending and almost 70 percent of u.s. g.d.p. last year americans spent $14.00 trillion dollars well for more we are joined by editorial director at the american institute for economic research mr jeffrey
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tucker and from bubba trading todd. horwitz thank you gentlemen our but i believe todd we only have you for an hour hopefully jeffrey can can join us in a bit but todd let me start by by asking you this week looks like volatility is back indices reversed courses and they came back roaring after the data that was released on both the trial the pretrial for the steroids as well as the retailers what can you tell us about this new one trillion dollar infrastructure proposal that's also now contributing to to those games. well terrorism i mean the interest would be great i mean that is something that this country needs so desperately is to rebuild our roads and bridges i mean that would be something worth spending money on and it would put people to work and it would create an enormous amount of jobs not to mention finally rebuilding their broken down structure here but i go again overall i mean we're seeing markets that are really reacting in more of an
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illiquid condition that create these bigger spikes back and forth overall not a lot of change but some of the numbers are better and the fact they were open is better but the infrastructure to be in a great place to put money and sort of continuing to hand it out for no return well this is huge because this is something that president trump campaigned on the fixing infrastructure and it looks like we're finally going to see this happen now todd the fed has begun buying individual corporate bonds this week to alleviate the intense credit market pressures but this is on top of the exchange traded funds that it's already purchasing more shifted to a more active strategy to contain these market risk what prompted this move. well i think the fed is scared but this shows you the ignorance of the federal reserve that they need to feel compelled that they can't let a free market price that's own asset classes and that's one of the biggest problems that i have with the fed who anybody who want to try to manipulate the market and
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try to put a safety net wires or a safety net built underneath the market asset classes will price themselves through a free market have we not learned from japan who is now going on earth 30th year of creating garbage and no real growth of their economy this is the problem that they continue to get involved they should their 1st of they're violating almost you know a ton of regulations which they were built with but somehow they've magic gotten to this point where they get the manipulate rates and that let the markets decide themselves and of course i don't i'm not a big. as you can tell and i think there may be a huge mistake which will lead to another bubble and another major meltdown at some point jeffrey i think we have him in the conversation now thank you for joining us we do have a question about what your own power federally are today what do you make of his testimony before the senate committee. i didn't hear the testimony of society but i
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will say this i completely agree the fed's current actions are disastrous and are creating as many desertions distortions as a lockdown and i'm very concerned that we've got a federal reserve now being a mighty player in financial markets we've never seen anything like this before. said is completely going outside of its mandate and almost of my fed watching friends are appalled and writing desperate articles about this to condemn this because because the effects of this on financial markets and macroeconomic stability in the future could be devastating this is an untested unprecedented actions that that the fed is taking undertaking right now and they're saying they're willing to do whatever it takes to keep the economy going there's been a lot of predictions about what market recovery is going to look like in the age of the pandemic i want to play you a clip of what he said but chairman jerome powell said earlier today until the public is confident it is disease is contained the recovery is unlikely or over the
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longer the downturn works the greater the potential for longer term damage from home and job loss and business closures longer periods of unemployment can erode worker skills and hurt their future job. persistent unemployment can also negate the gates made by many disadvantage and hurt this during the long expansion jeffrey what does this mean for the so-called the recovery that so many people are expecting. look i was i was actually optimistic about this v. shaped recovery after maybe 2 weeks of lockdown maybe after a month we've been in this nonsense for 3 months the u.s. has not yet open we're far from it he speaks of public panic but i'm telling you what's responsible for the public panic are these government policies with mandatory masking these crazy social distancing things that all this nonsense going on it's got everybody whipped up into a frenzy so i yeah i am now not nearly as optimistic about the status of recovery
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even before the end of the year like we saw retail sales picking up stuff like that but you know the quick look where we began you know 2 months ago it was a year in a calamity so of course retail sales are back but that's not that is not going to build the capital base that we need for a full recovery there's no chance i wouldn't think of anything remotely like recovery this year and we could be we could be looking at years of suffering not to mention a lot of permanent damage to labor markets and to the capital structures and everything else around the world it's very very bad what todd jerome powell did favor he believes that we possibly hit market bottom that if we don't see the research of cases of 1000 cases again where do we know if they're going from here todd. jeffrey your take. ok well i did i say i'm actually not nearly as optimistic as i was and i think we're going to be in for a lot of
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a lot of suffering you know when you think about the fact that more than 100000 businesses have been shuttered permanently in this because there's no coming back from this i mean just driving around doing that right now i see half the small businesses just closed up shop for good this one and this is going to take a long adjustment and it's going to be i would say years and politically this is been tremendously destabilizing for the u.s. it seems increase. annabelle that only in february we had this world's strongest economy and so much business optimism now america's like it's not just a fun a financial and economic depression it's a psychological depression right i mean it's it's been it's very bad and people are are mopey a business investment i don't think we're going to see anything like a return solid business investment for 3 years until we get absolute assurances that something like this lockdown will never happen again right and we're not we
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don't we don't know whether or not oh happy again of the 2nd resurgence of killers of acting or how this will recover but the market euphoria was cut short though when when chairman powell said that the central bank what it just corporate bond buying based on these market conditions is it too early for these type of comments i mean to tell already be thinking about taking the foot off the gas pedal. i think probably that was a help a comet helpful comment right now because people are starting to worry about inflation so when you here's the thing about the prospect of inflation it's very highly contention upon as of last day of money right so so usually in an economic crisis of loss of money would crash like it did after 2008 and that tends to suppress a little bit of the upward pressure on prices but when you see look at retail sales that are going on right now that may not be the case we might not we might be people who develop in very short term outlooks and ready to spend like crazy and get out there and the lawsuit money could stabilize or go up in which case we're
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going to see a lot of upward pressure on a lot of prices and so in that case yes powell needs to be talking about the him came right now we've got he's got to sop up some of this liquidity that he pumped up into the markets just to to really inflate the an inflatable this is what he did of less couple months well the volatility might continue to go until there's an end to this crime by earth until we can guarantee like you said a full opening of the economy once again jeffrey tucker editorial director at the american institute for economic research and earlier we heard from the top of a horowitz chief strategist at bubba trading thank you so much for making time for us today. the energy sector has been one of the hardest hit during the crown of our pandemic oil and natural gas prices have continued to decline and that means more and more jobs are at risk r.t. saya tavenner reports. unemployment over the past 3 months have been the worst since the great depression in 2008 since to pandemic began more than 44000000
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american workers have fall for unemployment but comparing industries across the board with other countries the us oil and gas industry appears to be in a losing battle as the corner virus is still claiming lives worldwide for nearly 3 months cities across the country have been struggling financially following stay at home orders due to the pandemic and the us energy industry already in a state of the klein before the virus came along is now reporting record drops in their number working rigs and industry employment but most analysts predicted the industry might recover well over the next few months to hits just kept on coming in april and may alone and 19 oil and gas companies in north america filed for bankruptcy then even more bad news came once again in april as u.s. or prices crashed to a record low falling below 0 dollars a barrel and dropping to their lowest prices on record for the largest single day
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drop of more than 90 percent and according to the u.s. bureau of labor statistics more than 100000 u.s. oil and gas jobs have been laws during the economic downturn brought on by the current of ours pandemic and in march alone drilling companies are fineries cut more than $51000.00 jobs which is equivalent to 7 years of job growth just wiped out in a single month and another $50000.00 job losses came from world field service and pipeline companies and most of the energy jobs have been focused in texas home to the permian basin and eagle ford shale which has more than half of the u.s. drilling rigs. and in the houston area by some as the. it's they might even lose 200-002-3000 extension 00 jobs in the near future and or all towns across the
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country are looking at similar double economic blows with states like alaska california louisiana north dakota oklahoma and wyoming amongst our there is facing the potential budget cuts and layoffs and the us energy industries likely to remain in a crisis even despite the opec plus agreement extending production cuts by another model and globally the oil industry is projected to lose $1.00 trillion dollars in revenue in 2020 due to the current of our shutdowns and with record low oil prices there are just not a sufficient price for the heavily leveraged u.s. shell producers so while other industries will start to see the labor demand that lead to a road to recovery or oil and gas workers will just have to wait monch longer because when you can't produce it and you can't refine it and you can sell it
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that's just not a good situation to be in in washington i'm sorry to have injure our team. time now for a quick break but stay here because when we return a major step for foreign money in china we'll tell you why american express is getting to start a game and that we're there as we go to break here the number thought that. the simple things work shops and. public spaces well with disabilities can. when do you join equal time with creative activities like graphics sewing ceramics.
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and joinery. just living in these shit what's that you. know but just what did you give one case a couple of. the underlying idea of the workshop is a calendar of which they feel thrilled to find joy in things of. the deep is through the book of just a non-conformist utopia or a politically correct big none the less the experiment being played out in seattle is no laughing matter the ideas of law and order and illegitimate use of force are it's a piece of advice go visit jobs visits you. some
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control from middle class to homeless muslim are very hard working people who want to get ahead that is either have some some health issues or have some of it out of streak of bad luck a full time job won't always pay for a place to live and missing just a month's rent can get you a victim to gunpoint if anything bad happens to any thing that just throws your budget off slightly. better catch up real quick or you're going to have a judgment of possession against you and get addicted anyone that's homeless is history like garbage people look at you like a monster or someone bad or you chose to be there most of the time it's not the case see how it is to be in the world's richest country.
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a huge financial step for china as a country has opened up its $45.00 trillion dollars financial market to foreign investors will over the weekend china's central bank issued a license to u.s. credit card company american express to clear transactions in the chinese mainland well it's a huge move as this is the 1st time this kind of financial license has been issued to any foreign institution now to be clear the license was issued to express technology services which is a joint venture between american express and chinese phone tech firm wheelin digital company but the impact on american express cannot be understated as a u.s. company will be the 1st foreign company with access to the chinese payment market well that payment market has an estimated worth of $27.00 trillion dollars stephen corey the chairman of american express said in a statement we are pleased to be the 1st foreign company to receive this license this approval represents an important step forward in our long term growth strategy and it is a historic moment. and as china is opening its markets to u.s.
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companies the u.s. is moving in the opposite direction with a number of groups encouraging the trumpet ministration to ban chinese companies from entering the us altogether so let's go deeper on this issue and bring in john quality of the. co-host of boom bust and investigative journalist ben swan john let's start with you a huge move we're seeing here and certainly a big win for american express is this just the beginning of china allowing u.s. companies more access to their markets. a big win for american express all of. these are also have applications in broad well behind american express and the process american express is promoting on the door of joy you know for 15 years to get those privileges. very important it was really reemphasized as part and possible of the. trade deal with china earlier this year
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it's part of the process of opening up china financial markets to foreign and especially to american companies but one thing i want to stress is that china has developed very substantial competitors domestically in this payment space including union pay including pay which is part of alley bob we chat pay which is part of $10.00 cent all of these companies are very well positioned to take advantage of the china market and american express in that respect as a bit of a late comer it's going to have to market itself to not only consumers but also to banks as partners and also merchants as partners but i have a lot of confidence in the american express's ability from decades of experience cracking emerging economies to be able to get into china and make something
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important happen and they've always been known for their customer service and the experience they provide well then we know the trumpet ministration even cracking down on chinese companies like wall way we've talked about it time and time again but now the administration is doing more than just that right. yeah that's right you know as john pointed out certainly you know with american express is is certainly has been part of that phase one trade deal but on the other side of that you have the u.s. going in kind of in the opposite direction as you mentioned we've seen not only the crackdown on weiwei but really the trumpet ministration has been cracking down on really chinese companies across the board in fact there's an effort right now to delist all chinese own companies from the u.s. stock exchanges so there's a lot of pushback against china right now certainly on the political side of things and part of it is to say well. remove chinese influence from american companies and we've even seen it on the social media side where you have companies like to talk
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that are chinese own and there are questions about whether or not those companies should be allowed to operate here so the big question surrounding that and i think what we're really seeing is you know these 2 things happening simultaneously yes the as the u.s. is kind of trying to push china out now we're seeing the chinese as part of that phase one trade deal saying we're going to allow some american companies in so there is a contrast there and but they are like you said of taking part in doing their part and what this china won a trade deal or at least attempting to have from from what it seems now john that china they've been moving to get at the qana mean restarted in light of all this the krona virus pandemic but now china they're seeing a resurgence of cases in beijing that is they're doing some walk down to taking care of that it seems how will that affect the move to restart the economy there. certainly very significant. there is this resurgence an outbreak out of one of the markets in beijing of course beijing being the capital of china it would
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be extremely embarrassing to the chinese government to have a significant uncontrolled outbreak in its own backyard and so obviously there is very immediate action being taken to task stand trace the folks who have been associated with the market where apparently this al brake is thought to have originated i think just as a generalization the chinese over the last 4 to 5 months have developed a very significant testing and tracing capacity which is of course supported by the information that's available from the cell phones of chinese citizens as to where they've been on any particular day of the week at any particular time and so all of that information. nation can be brought to bear to stamp out a potential outbreak pretty quickly so they're all the asleep on top of it and
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determined that nothing is going to get out of control to the point where factories that have reopened to going to have to shot or small businesses are going to have to be closed again they're going to do everything they can to prevent that happening especially because they are seeing their economy start to recover they don't want to have to shut down all of it again is what you're saying then they're taking these necessary precautions but we're seeing some similar issues here in the u.s. new rises in some cases with some states how will the u.s. deal with that on reopening that. well i think you know what you just said the china doesn't want to don't think the u.s. wants it either i don't think anybody wants to see us go through another series of shutdowns and lock downs we just got back those may numbers dealing with unemployment numbers and we've seen more people starting to work again we saw retail sales surged by about 17.7 percent that was very good news nobody wants to go back and so at this point i think there's a lot of concern certainly in markets there's concern among politicians and there's
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concern among business owners in the general public that we're going to go back the way that we just came which is to go back into lockdowns and to restricting businesses instead of reopening completely and as jeffrey had said in the previous segment you know there's a lot of concern about whether or not a lot of businesses even get to come back at this point a 2nd round for businesses that are coming back a 2nd round of closures and lockdowns might certainly be you know the nail on the coffin if they do survive the 1st round so it's not promising on any level to see kind of a resurgence of cases and then having to go back into the into these lockdowns john what do you think i mean i mean the economy that i have mostly reopened are looking to reopen we're seeing a surge in cases if this in any way going to be contained. well i agree very much with ben the. forces of momentum now with those who wish to reopen and retrenching back to lock downs would be extremely de
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moralizing to consumer confidence as well as inconvenient and destructive potentially to many of the businesses who have been able to survive on the back of the short term government support that has been provided a 2nd stimulus requirement of a magnitude similar to the 1st to cover off a 2nd wave economic fallout would be extremely debilitating to the a cause. well specially because so many people have said that too much was closed in the 1st place now that they're starting to reopen and even president trump said he won't shut down to the states and and the country altogether but hopefully there's this this new treatment so there's that potentially could help in these pretrial hopefully there there are other treatments that are also being studied hopefully a vaccine but again all we can say is that we're hopeful for it and only time will
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tell john called chain of the miami harvard business school and who must co-host and investigative journalist ben swan thank you so much for your time. that's it for this time you can catch him bust on demand on the brand new portable t.v. out of valence smartphone through google play on the apple app store by searching portable t.v. remote on your t.v. by downloading the portable t.v. up on an apple t.v. and on line up for about you see you next time.
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has extended its deadline for submissions. media professionals are eligible whether you are a freelance journalist work for alternative media or a part of a global news platform you can submit to your published works in either a video format go to award. and it a no. in the us. right now my focus because it's a very dangerous. power plant the owner is attempting to run the reactor beyond its operational limit. just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory power lie with the people this demonstrates that
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struggle in very real ways. welcoming our viewers from around the world live from central london this is r.t. u.k. . the prime minister is accused of complacency over how the government has handled poverty cheering the coronavirus pandemic as his charities warn of a debt nightmare for those under universal credit. card home managers say the government's 600000000 pound grant to combat it 19 is useless as it doesn't cover expenses before the peak of the pandemic we hear from a care home bob's. former chief constables call for a radical transformation in crime figures with fences and waited holding to how serious they are but critics say it will only lead to further downgrading of some crimes.
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and it's revealed the u.k.'s controversial contact tracing out faces further delays over a month after the government promised a nationwide rollout i'll be talking to a cyber security expert. charges of warns the government that the coronavirus time demick has created a debt nightmare for the country's most vulnerable families that's as the prime minister's deny poverty is on the rise during his weekly clash with the opposition leader we're in this new job out here casey selling other research so what's been going on we've seen the issue of poverty around the u.k. really brought into the spotlight by the efforts of marcus rush for the months to unite says in the strike for raising money for poor families but also forcing the government into
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a youth with regards to free meal vouchers during the summer and now the question of poverty is once more on the agenda we've seen it discussed today a prime minister's questions with boris johnson claiming that. the conservative government of the last 10 years including the coalition government that fewer families are living in poverty over the past decade but the leader of the opposition. questioning whether that tallies with reports we've seen released recently absolute poverty relative poverty have both declined under these government and there are there are hundreds of 1000 of the 400000 fewer families living in poverty now than there were in 2010 i'll just read a direct quote from a government report or government commission produced last week which says it's gone up 560-0000. the social mobility commission has a clear answer to my question this anticipated rise in child poverty is driven is
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not driven by forces beyond our control like a promise to the number 600000 he didn't reply so record goes on to say and this is a real cause for concern of the prime minister's children you might want to listen real cause for concern because the commission goes on i'm sure the plan is to read the report. even. if they are really concerned that these projections were made 5200000 before the impact of 99 i want to say which we expect to push more families into poverty. now this comes a survey by save the children and joseph rowntree foundation found that 70 percent of families have had to cut back on food or essential items 50 percent are behind on rent or bills 86 percent are experiencing an increase in household costs 60 percent forced to borrow money while a $20.00 pound increase or their been cause for 20 pounds
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a week increase in child support payments now all of this of course compounded by the fact that many families impacted by the economic fallout due to the covert 19 outbreak we've seen already last we cannot report stating that it's the workers in the poorest sexism the lowest paid people in those sectors which have had to close down people at waiters and bartenders and so on who've struggled to make ends meet and so now we are seeing these instances of families really having to make difficult choices between for example feeding the family paying for heating and so on problems which some argued have been playing in the united kingdom already before the code in 1000 crisis. yet also we say it's not just those people with children that are at risk is it no of course not it isn't just children there are issues also as we mentioned with regards to adults as well there are people who are
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of course schill being 2200000 people across england and or course united kingdom are waiting transplants and we've already seen in the past few months people's operations and other important surgeries being put off and so there are issues around that as well now we've seen that the food charity the trussell trust have said that they've been doubling the amount of food parcels they've been handing out again food banks already on the rise before the coded 19 crisis and the issue just becoming exacerbated all of this while the government recently confirmed that the plane used by the prime minister to travel around the world voyager aircraft the u.k.'s air force one if you will is being repainted the choosing of 900000 pounds now stands in the defended the move saying that it's
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vital it's part of the united kingdom branding to project the u.k. in a positive way around the world but there are others who will be arguing that the united kingdom hasn't got it far it is right especially when there are poor families and poor children struggling to make ends meet a said thank you very much indeed and in the next hour i'll be talking to a public health expert on the future of the government's shielding program. in the meantime kehoe manages in u.k. have criticised the government for offering what they call a useless 600000000 pounds to combat covert 19 the government says the money was part of us please point 2000000000 pound package to help local communities combat coronavirus but knowledge of claim it hasn't helped with the cost of protective kit coaches before the peak as any money spent before the announcement isn't covered like a home manager who on 3 main anonymous told r.t. u.k. that the support is too little too late.
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and when the same. money on. them when they are not already seeing. the brand. in the homes. when the. ideas last season. in the group. many care homes to be seen how to. really grow that i really believe that is really a. pretty good makes a difference. you know if it's. just. one if it wasn't going to. ok homes have been hit hard by coronavirus just on the 30 percent of the u.k.'s covered 19 thefts have been in care homes in england
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and wales putting more than 16000 people according to official figures government failings have been blamed with patients discharged back into homes without testing in adequate supplies of p.p.a. and the watering down of official guidance on rotating agencies still misses maintain they have been working hard to help care homes back of the virus. since this pandemic began we have been working flat out to support the social care sector drawing on all leavers that government has to help social care providers look after the people in their care the 600000000 pound infection control fund is intended to support the delivery of the care home support package which sets out the next steps local councils and care homes should be taking to stamp out the spread of covert 19 for the care manager who spoke to our say believes the funding package is more about pale and solving the problems.
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not. to take on the sound of. former top cops call for an overhaul of the u.k.'s crime statistics waiting crimes by seriousness the critics say it would just mean some offenses are downgraded further. for minors migrant children are being detained for hours a day or potential sent as an adult crowd rooms. and we're taking a look at how the charitable sector is coping with the can directly as charity shops begin to reopen.
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the people's republic of just a non-conformist utopia or a politically correct i'll take your pick nonetheless the experiment being played out in seattle is no laughing matter the ideas of law and order and the legitimate use of force are at stake a piece of advice go visit jobs for chest visits you. welcome back it's being revealed the u.k. government's coronavirus contact tracing out be still undergoing testing
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a month after is meant to be rolled out nationally the n.h.s. that was revealed at the beginning of may when it was piloted on the isle of wight off the south coast of england it was expected to be rolled out across the country a few weeks later but new documents are showing the app is still in an 11 week load testing program and the government hasn't committed to a firm date for its release the app was meant to be the central pillar of the government's overall contact tracing program which is going through a subtle name change today i want to update you with the latest plans for our program of test track and trace of course we're developing the contact tracing app which can help us deliver test track and trace on the mass scale that we need across the country helpers take more measures to come out of lockdown of course the prime minister tusk died and i with delivering a test and trace system testing for the virus and tracing how it spreads is
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critical to containing it well the lack of tracing capacity means the system relies on patients handing over contact data this meant that between may the 28th and june the 3rd traces were unable to contact around a 3rd of covert 19 positive patients apps circumvent this issue and directly contact those who may have come into contact with the patient but the u.k. government's app has also come under scrutiny for its use of so-called centralized model for storing data and plans to store that data for up to 20 years where your government also rejected the chance to use an app template created by apple and google and opted to create its own. what it is about the app and i joined by site security expert peter who aren't how do they pay said this app was meant to be an essential part of contact tracing the way that the tech it relies on people to remember him they contacted him possum info so how is it working well as i understand it it's not working very well it so there are big problems with the
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bluetooth technology it is being used which is radio technology which is meant to let people know when. about to come into contact with somebody who has had the virus according to people that we've spoken to. but it subsequently research institute and future intelligence data is too noisy and so there is consideration which is worrying a lot of previously activists there has been some discussion about using g.p.s. states or as well which will scan a lot of people put the problem with this is that you have to have a lot of people who approve painted to provide information to prepare it to sign up to the service and they won't sign up to the service if they think the previous e is going to be imputed even if they actually think it's going to do some good so that they get the government's got a huge communication issue about all of this saying what do you mean by saying it's
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too noisy. oh too noisy simply means that you can't get an accurate enough picture so it means that for instance the bluetooth radio may not be working to secure the well so you know for example there could be somebody in the next still reading to me or in the next door house and it could alert me to the fact that there is somebody in the next door house who's got coronavirus now coronavirus isn't an issue in that sort of situation there are also problems about the actual accuracy of the the dates coming back through bluetooth so that's what i mean by too noisy too noisy simply means you're not getting enough accuracy and it also the testing phase that i'm going through that seems to be very drawn out and ironically as time goes on we might not need it by the time it's friday. well there is a lot. it's consistent with some of the previous items is
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a lot of anger of these woods and the germans and the japanese last week announced that they launched their at. the government seems to be downplaying the significance of this it seems to be saying it's not such a critical plank as it at 1st suggested many of the people in the industry is saying that they they can see suspicious signs of the government might try to ditch it so in a sense if there is a sense of embarrassment about this but there's also another point to which is the u.k. technology industry offered way back in march and right at the beginning of this situation to work with the government and to come up with a not that actually worked and the government didn't come back to the many offers of help were made by the u.k. technology industry. i mean somebody said to me only in the last week or so that you know you could use a word like ignored well that said let's have
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a look at the system then that is in place i mean it could be helpful then if there is a 2nd wave of the virus or a similar pandemic. yeah but i'm one of those this is one of their yard humans full root you know to the dates of the 20 years because what you want to do is you want to say ok we want to research sort of all of these states a to do to derive some meaningful information from it that helps us deal with the 2nd surge or with another pandemic but if you are going to do that then you have to have an open and transparent agreement with the people that you want to get the data from and that hasn't really happened at the moment this idea of holding the intimation centrally and the way to the government it's being suggesting do it have raised many suspicions with previously to this that the government started to develop another id card system by the back door and they're going to use access to medical as one of the mechanisms to do that now i'm not suggesting that that's
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happening i'm just saying that if you've already got closest species going on then you've got to meet those suspicions head on and you've got to say ok this is the data we want this is why we want to eat this is how long we're going to hold it for and this is how we're going to destroy to ask you if there has to be up to transparency this is an opportunity for the u.k. government to build a phone with the citizens to develop medicine and apps for the future and if they don't care who they were they were absolutely missed this opportunity and took an opportunity as well as wholes there's also a precedent and i mean my bomb upset me used extensively in east asia and many people say that those countries have had the best response to the virus so why does it seem to me so hard to implement something like that. it it seems to be because of the government's insistence on the model that they're trying to use a lot of say well i mean this 2 points you know this decentralized system is the
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issue here in the u.k. that's that's definitely the issue in a stage one of the things that you can do because of the regimes that they have is that you can essentially impose upon people that they do carry around the technology so in south korea people were close to do it and in china people were forced to do it now here we don't have those sorts of regimes so what we have to do is get from people now if you think about it with the black lives matter things that go you know that the moment if people think that they're putting the surveillance system on the if the which will actually be supplying information about the people of the mainstream and this is coming from the population doesn't have a huge amount of trust the authorities anyway the black population as we seem recently this a lot of people are not going to download the app you have to build a bond of trust and you have to say this is the agreement the we making between the
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population and the government to actually get on and so this issue in the public good and i haven't seen that debate going on and this is a debate that we have to have paid a very fine and very briefly if you would mind is it possible to develop an app like this and guarantee data plan to say yes it is absolutely there there are very many different ways of doing it you know people have been discussing things for example such as you know just having a small in and a chemist in a pharmacy and people go in there and report their sentiments and provide that sort of information that the issue with this is a known entity is one thank you very much indeed for your thoughts. if. 11 former police chief constables are calling for a radical transformation to the way crime statistics are presented with great a way to give in to more serious offenses they believe that crimes like theft burglary and vandalism should be given less weight in the statistics than more
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serious offenses such as murders the group thinks it would give the public a more realistic view about whether or not the streets have become safer. so you would ask the police to give the same effort to investigating a burglary as to a murder yet to unload burglary detection rates are reported the related to fact of high murder to tax rates that goes on mentioned without a crime harm metric built into a single bottom line to detection police are permanently exposed to blame for acting rationally in relation to differential harm levels across crime categories unless these problems are remedied the public will not be able to tell whether their police have cut crime and made the streets safer well the group proposes replacing the current system with one that would wait crimes according to the harm they cause based on the expected number of days in offender would spend in jail the new cambridge crime harm index would be calculated by multiplying the crime type
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for example bicycle thefts by the number of days in custody in this way 20 burglaries would score $380.00 after multiplying $20.19 days each in jail and more serious crimes such as murder would score almost 11 silent after multiplying 2 offenses and $5475.00 days in custody for each but critics argue that downgrading some crimes in such a way plays on public fears that police aren't taking offenses seriously. this is formalizing exception that many crimes that affect people and the people they careful are not going to be investigated if these are not serious enough for anyone to do anything about then we could have people who can afford it buying him private security while the vast majority who cannot afford it taking the law into their own hands so as waiting the figures in this way a good idea in the next hour i'll be debating this with to in or enforcement offices. now the prime minister barak's johnson's car has been involved in a mine
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a crash outside the houses of parliament in westminster according to reports the prime minister was said to be in the car but no one was injured witnesses say kurdish protesters ran into the road which resulted in the security car behind the p.m.'s shunting his vehicle or following the crash the car was seemed to have a visible dent at the back. barrier mean charity shops may not be enough to save the charitable sector according to m.p.'s on the digital culture media and sport committee the politicians say that more government assistance is needed with the shops themselves already facing big restrictions are u.k.'s model unders takes a look at how the sector is coping and reopening the easing for non-essential shops in england to see the hundreds of popular high street stores opened their doors to the charity shops which couldn't have come soon enough charities generally have
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such that it absolutely is usually on basically their income sort of more has dropped off a cliff at the end of march but the demand for their services has actually never being never being. one of the great things about charity shops is that they can start reopening from pretty much sort of they can stop providing cash and pretty much the time when it when they reopen it doesn't come as a major relief to the church is the norm so yeah it has been very troubling times but let's hope we can see the back of it now. on was it upwards. there are over $11200.00 charity shops in the u.k. the british heart foundation oxfam cancer research u.k. but autos see rider salvation army and aid hugh gay and together have a combined income of over 800000000 pounds a year although not in 2020 while wales northern ireland and scotland remain closed england has now reopened stores in a staggered way but strict measures apply. this charity shop opened on monday but
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it's certainly not business as usual the changing rooms are closed all customers including myself are required to wear a face mask they're told to sign the ties their hands on arrival and there is a one way system in place for all customers in the store with smi screens that the tills and even donations being screened the hope is that customers will feel reassured me not the 6 month i have been in for wakes in the shop then. they have to buy it 72 hours. so i went down i should come a point when it's been so right but designated area for it so that goes to one side and then we have to wait 72 hours and then we can start touching it probably pretty al so we live made just 2 days away just so that we know in and i eat too many can't touch a straight. people night then a sight. that could also be a silver lining according to oxfam charity shops will see
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a treasure trove of goods arrive the public use not down to have a clear out as if he was been sorted out the house is in the can of antiques and they can have jewelry slowed to jams so precious stuff that they've been saved and they've been sorted out because they need a clear house so now's the time to come shopping occurred a virus pandemic has forced many to reassess their priorities somebody to save clash others have decided to buy more mindfully and take a more eco friendly approach and charity shops hope that both will mean a boob bargain hunting and provide the charities themselves with much income marksmen bruce kaye essex. i'll be back with more news in just over half an hour sneering at.
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human rights council heeds demands from $54.00 african countries to hold an urgent debate on systematic racism and police brutality against people from african descent after the murder of george floyd by u.s. security forces or limited coronavirus pandemic just proportionally killing people of color coming up on the show as the united states enters its 4th week of protest after the death of another black man ray shot brooks of the hands of the police we ask a man described by don't trump is a great voice in the black community about being summoned to the white house before his president's executive order for police reform plus as all black lives matter is painted on hollywood boulevard and actor activist and time magazine's person of the year rose mcgowan about the culture of american exceptionalism and why this program has reportedly been targeted across the united states but its coverage of george floyd. coming up in today's going underground but 1st the continuing protests in the united states that started in the wake of the murder of george floyd but have
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now spread around the world of seemingly come to represent the pushback against systemic inequality on a global scale or at least that's what our guest on monday's show legend reactor is angela davis thought you can find that interview on our you tube channel but not everyone sees it that way and one of those people has the ear of u.s. president donald trump joining me now via skype from baltimore in the united states is the host of a point cost described by donald trump as a phenomena when to pray who took part in a round table of like leaders hosted by the president in the past few days thank you so much wayne for coming on so he signed an executive order what did you tell donald trump when you met him be able to look at the white house channel to see you sitting next to the president where you know. and thank you for having me on your show this morning and. i'm very honored. i really want to be president try to hear from me. and also know that my.
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