models thanks for sharing some of your friday with us here at an international live from moscow. is here in half an hour's time hope you can join us then for more of your friday worldwide news headline. news would like you. to see. you give us the 1st one to the finish we're just going to go through with hundreds. as you'll see just who do want to. see if it was national. it's on wolf blitzer from the philippines. they're going to will support scoop one

of these critics one of these political. beliefs because the. machine to life will be smeared a. little bit you. know close someone. because of the style if you will if that easy. this is still in business so you can't afford to miss i'm rachel blevins in

washington coming up the latest federal reserve meeting found officials groveling balanced in their take on the risk for inflation so why do some say they are still concerned prices will continue to rise pull the plug president biden is pulling back on plans attacks from major corporations and even adding in some new loopholes for the ones that he would hold accountable when he was on the campaign trail that . has confirmed that over half a 1000000000 users had their information compromised in a massive data only but the social network has no plans to tell you if more information was made public we have a lot to get susan let's get started. the latest federal open market committee meeting resulted in very little change in terms of policy but it did give insight into how the top players within the u.s. central bank view the risk of inflation according to the minutes from the meeting

several fed officials believe supply disruptions and strong demand could push prices push up price inflation more than anticipated while several others believe the factors that contributed to low inflation during the previous expansion could again exert more downward pressure on inflation than expected so joining me now to go for the topic is former fed insider daniel de martino booth now daniel when looking at where the fed stands right now their overall conclusion is that the risk for inflation is broadly balanced even though we saw the consumer price index increase point 4 percent in february does the fed see this. the pressure on inflation is only temporary with more businesses open and supply chains getting back on track. so. actually gave a speech today for the i.m.f. meeting and he reiterated that the fed is going to stand pat on its position that it believes that this inflation is going to be transitory in nature of course we've

seen episodes of even more dramatic increases in inflation in recent years 20112010 being the most recent so they do have history to look back on and and compare and say is this going to be an inflation scare you have to bear in mind $6000000.00 americans have dropped out of the labor force $6000000.00 americans if they could get a full time position they would they're working part time and then there's still 8400000 who have not gotten their jobs back sense the pandemic 1st struck so that is a lot of what is driving the fed's narrative they see this as slack in the labor market and your largest form of inflation the thing that really drives the c.p.i. up is when you start to see wage inflation and we're not there yet and i know a lot is riding on the workforce and getting americans back to work and also on looking at exactly what the federal reserve is going to do with their policies now during this meeting specifically the fed confirmed it would keep its culture easy

policy in place which was adopted last year in response to the pandemic but there are some concerns that even though americans are getting back to work and states are opening back up the isn't doing enough to move along with them is it clear yet what kind of progress officials are looking for before they start making those policy changes. so i think with the fed what they're looking to see is an increased share of the population rejoining the workforce and a lot of what. has occurred that has been of a more healing nature not enough don't get me wrong has been some of the relief that's been provided to the small businesses that have been hurt the most you know if there's any irony to point out that right now small business owners in america they can't be helped by the federal reserve they can only be helped by the federal government because a lot of low low skilled employees are being paid so much to not work right now

that small business owners that bore the brunt of the. of the crisis that we've come through now they can't source employees and they're saying that that's their number one concern so you know they're literally getting hit before they even get back up on their on their feet it's very very tragic and there's there's only the federal government again that can come in and stop this and that's a big argument that we've seen in congress over asking how much should they be giving out in unemployment how much is too much to get those jobs growing again and then of course it brings us back to whether or not those jobs are still there now in the last year we have seen an unprecedented loss of jobs in the u.s. along with record levels of mergers and acquisitions companies are of course learning they can do more with less in the face of historic lock downs and as a result those who have been out of work for 27 weeks or more it's at its highest level since 20 a love it is there that concern for the thing that was such an emphasis on getting

americans back to work there aren't enough jobs for them to go back to. so we know one thing about the pandemic and that is that if any companies were kind of sitting on the fence undecided are we going to automate or not the pandemic has pushed them over the fence and they are learning to do more with fewer employees and a lot of the positions to your point are not going to be coming back that is why we're seeing workers who've been unemployed for $27.00 plus weeks at the highest level since the aftermath of the great financial crisis and the biggest risk is again that companies have adapted to having fewer employees and that a lot of these positions are not going to be coming back and that brings in the whole notion of what germany has done for many years and that is retraining and rescaling your workforce forcefully so that they can find jobs in industries that are seeing growth excellent points to consider here danielle of the martino booth

thank you so much for your time thank you. president biden has caused quite the uproar with corporate america this week over plans for a tax increase that would help fund his $2.00 trillion dollars spending plan but at the same time he's also pulling back on a campaign promise to tax major corporations at a rate of 15 percent the treasury department confirmed that the measure will only apply to companies with more than $2000000000.00 in revenue significantly from the 100000000 dollars threshold by then campaign dog on top of that biden's plan would allow those companies to receive tax credits for contributions to research were nubile energy and low income housing so joining me now to this the true host christiane and ochs hobby omer n z c. c octavio i'll start with you here how are corporates

reacting to these tax hikes plans and what's their reaction to treasury secretary janet yellen plan for a global tux. well i think the devil is really going to be in the details here so the corporations really aren't reacting yet are going to wait and see what's actually written down how does this tax code actually work and how do we get around it now and that seems to be something that eludes joe biden is a corporations do react to these things and there's often unintended consequences and some of the things he's suggested are actually sort of kind of complicated and a bit weird and one example is that he's saying that u.s. companies that manufacture goods abroad reimport those back in the u.s. be hit with a 10 percent charge on that well in that situation those manufacturing operations become much more attractive to non u.s. companies so expect the u.s. companies would sell those to don u.s. companies and those non-u.s. companies would have 10 percent more profit margins right of the bout to the whole sort of cascade of unintended consequences that come with this joe biden's proposal is also to raise now the corporate tax rate in the u.s.

up to 28 percent if you don't factor in state taxes the u.s. is going to have the highest tax rate on corporations in the industrialized world and the o.e.c.d. and that's not good. i know they're saying the devil is in the details certainly same do apply here and there's been a lot of talk about what this new spending plan what it includes and what it's going to look like moving forward so christy what problems do you see with this massive infrastructure plan that the buy administration is promoting. well one of the main problems of those item is that it's largely politically and public sector driven it includes almost 40 percent subsidies to local corporations and the public sector which can actually reduce productivity and efficiency as it already happened in the past so on top of that it comes with the largest tax increase in the u.s. history and it basically is a massive increase in subsidies to nonproductive areas of the economy against a series of protectionist and very misguided tax hikes to be to the productive so

instead of giving tax breaks and incentives to the private sector to fund the real infrastructure arms of the country the plan will actually spend less than one 4th of the needed funds and investments that will largely be directed by politicians and in addition the plan still lags behind what the e.u. or china have done i mean look at these electric vehicles do not require more government programs as it's currently thriving in the u.s. but the biden tax hikes will actually hurt electric vehicle companies like that are actually making a profit and proving to be sustainable only to then turn around and then subsidize the ones that cannot turn a profit so the plan is not likely to generate much implemented markets creation market either as most of the whole likely goes toward businesses that are already working at 6080 percent capacity so obviously this plan will be rejected by the republicans and some democrats because not only for the tax hikes that everyone's talking about but also for the huge risk in addition see and productivity when you

transfer wealth from productive and tax paying sectors to then subsidize government spending that's a great plan especially when you're talking about something that is politically driven yet it deals with our economy certainly a lot of concerns there but one we're looking at the stock market specifically octavio investors process a worse than expected reading on the latest weekly jobless claims but yet the market is still rallying with the s. and p. hitting another all time high so what gives and what's driving this rally despite the softer reading. well the whole thing looks a bit perverse doesn't this really bad news in terms of jobs in the stock market seems to love it and goes through the roof well it's really happening there is that the stock market has been driven basically by the largest of the federal reserve has just pumped in huge amounts of liquidity in the market and the markets are bit nervous and anxious about the fed at some stage saying inflation setting up now we

have to put the brakes on this and the party's over if unemployment keeps going up the balance of the risks or the bonds the likelihoods are the fed will continue with it's a very lax monetary policy so that's very encouraging to markets they like to see this kind of bad news because it means the fed will pursue its very very low intercept policy much longer and further and that's good for the markets but that's really what's driving the markets more than anything else is not driven by fundamentals there seems to be sort of a bifurcation between the fundamentals of the economy and how the stock market's going and that's been driven by the fed and looks this will push the fed to carry on doing that even more that's an excellent point there and definitely gives some insight to exactly what the fed is doing as it moves forward now kristie we also have to rein china ended this because biden is saying that his infrastructure plan is vital to keeping pace with china while this plan actually help america complete with china or is this just more fear mongering in order to pass his agenda.

well nothing unites people more than putting them up against a common rivals so at least that's what biden is hoping people will do in order to gain more support for his plan so biden insists that certain less popular aspects of the plan such as like replacing lead expanding high speed broadband access and upgrades unthink electrical grid they're necessary to help us compete against china and otherwise quote china will in the future so there's a lot of rhetoric like this and it is more so on the fear mongering side because an analysis conducted by the penn warren budget while actually found that the proposed business tax provision they will actually decrease g.d.p. i point 9 percent in 2031 and point 8 percent in 2015 relative to current law so the spending provisions and the american jobs plans in absence of any tax increases would actually increase government debt by 4.7 percent and decrease g.d.p. 5.3 percent as a crowding out investment due to larger government deficits outweighing the

productivity boost from the new public investments and the new tax provisions in the proposed plan in absence of any new spending would actually decrease government debt by 11 percent and 20 but would discourage business investments and thus reducing g.d.p. by point 4 percent so considering these 2 models if finds that the tax and the spending provisions of this plan would end up overall decreasing g.d.p. so they're actually wouldn't be any benefit it would actually detract from girls over the next 4 years that's a great point there and definitely something to consider when looking at exactly what those u.s. politicians are saying now octavio i know there's a lot of talk about this global tax but it doesn't seem like we've seen a lot of lobbying necessarily from other governments around the world specifically in europe does it seem like some of those other u.s. allies are just waiting to see how those plans out before they start to jump in and speak out against it. well i think most countries like the idea of having

a global minimum tax and not competing with each other on attack spaces so they sort of fundamentally like that and think that's a good idea but the flipside of that is some of them think well we could probably come under the radar screen and lower taxes in some other way we could keep the headline tax of 21 percent the way the biden straight is asking everyone to implement and then we could have all salute polls and deductions and things that we can attract the foreign investment into our country so they mean might well be successful in terms of guessing most major countries to agree to a headline 21 percent corporate tax rate but then they're going to sort of other and also successions and loopholes and things like that and there's still will be competition between countries in terms of tax rates that bear in mind you corporations are not that free to simply recognize that revenues wherever they want they are some constraints on that and there are some rules you can't just simply say i'm going to recognize all my revenues and profits in ireland because i've got

the lowest tax rates you have to have some economic basis for doing that you have to have some sort of operations own clients and things of that sort so you can't just willy nilly put your profits wherever you want to whatever jurisdiction doesn't doesn't work that way. an excellent point well great insight as always kristie i act obviously randi thank you both for your time. the buy men ministration could be close to appointing a special envoy whose role would be to try to stop the construction of the north stream to pipeline which is notably nearly 96 percent complete that's according to this report which says the former special envoy and cord nadir for international energy affairs under president obama has been offered this special role he was notably on the supervisory board of ukraine's state owned energy company up until last year now the by administration has been under pressure from both republicans and democrats to take some sort of action against the pipeline before time runs out

but even with the threat of sanctions from the u.s. germany continues to say it intends to see the project completed this year. time now for a quick break but when we come back many facebook users are wondering if they were the ones whose information was leaked in a massive data breach but the social network is saying it has no plans to alert the half a 1000000000 users who were impacted well discussed at all and as we go to break here the numbers at the close. talks are underway in vienna just a bit j.c.t. away the agreement the trump administration unilaterally walked away from making

the deal is relatively easy for the right but that cannot be said for the united states does the buy didn't ministration have the political will to say yes correct . much of those who heard it's a preview are. really . sure didn't look beautiful the. good good. movie just like most of these girls good you've gone through good girls . go to shows look by do the same you are going to show you 2 should go. to starlets to. get to meet until it was the little

girl mr c. look it is it's. himself some understand just. don't try. to present a complete introduced project to. be of interest you don't listen to snippets on the time you have because that is the cousin with you for your support just to give a shit station shouldn't be you should cut off the one who is doing business. 530000000 that's how many facebook users were impacted by the latest data breach

involving the world's largest social media platform facebook says that hackers who recently made about information public on a data base obtained it all prior to september 29th seem by scraping profiles using a vulnerability in the platforms tool for sinking contacts so why does the. not let users know about this data leak and why are they still not telling users if they were affected joining this cast co-host and investigative journalist ben swan all right ben let's start there why does facebook say it will not notify users well i think the main reason why is because there are a bunch of jerks but they're not going to call themselves that facebook has this horrific reputation as you know the way it treats its customers and its users it has no regard for them whatsoever they are the product that facebook has always selling selling to advertisers and so essentially what they say because that is said look we don't really have a reason to report that that happened all the way back years ago all the way back

in 2019 really that was that long ago and then they act as if well because it was in 21000 there's no reason to share this with people yet happened we already plugged that vulnerability in so we got rid of it and we don't have an obligation they say to inform customers because they say personal information may have been accessed but no health information was accessed that would have a legal responsibility to notify users if there was health information that was leaked out so that that's not there and they say in most cases it's not financial information that's been leaked out so what was leaked out it's primarily cell phone numbers in some cases e-mail addresses though that's really only about you know 2 percent of it is e-mail addresses the majority are phone numbers locations addresses and names well also makes you wonder what health data would facebook have on its users i mean you give them your phone number your e-mail address and anything you post on there but what more do they know other than that they're

saying well at least that wasn't leaked and now you're finding out exactly what they have on you ok so if this is not financial or health data then what harm can be done with this info. yeah well there is there is quite a bit of harm that we get done with it listen i think most people automatically default to the idea that if it's all financial information and health information you're safe but there is a tool that's used it's called smith machine you've got to love the hackers terms right where essentially what they'll do is they'll take the fact that they have your phone number and they have your name and they'll start to cindy you text messages and they'll say hey you know rachel be sure to check out this link and you get it from a number and you say ok well somebody sent me to my my mobile this link and so what there's a bit a couple of studies on this and what the show is that the majority of people will feel much more confident about the fact that they're getting the message on their mobile device as opposed to in their email or on social media now most of us if we get a message on social media and it pops up and says hey friend or hey dear one they

always phrase ottley you don't necessarily trust that one your mobile device you're much more likely to click on a link which then of course leads you to download some kind of spam where spyware which then begins to gather other information on so it is a big deal when you don't tell people for 2 years by the way hackers did get your name they get your phone number and you might be getting messages from them that are meant to extract their information and that's what facebook failed to notify anybody wow that is crazy and what's even crazier is that we have yet another facebook scandal and people are just kind of like. ok that i was leaked i mean there really isn't a lot of uproar about it because this seems to be exactly what facebook does ok so now facebook has already come under heavy fines and even heavier criticism from the e.u. because at least they're doing something about it over its protection data protection policies so how does the latest hack impact all of that. well i think it's going to have a quickly here are a big impact on it remember there was a large number of e.u.

regulators including the chief data regulator for the e.u. who was part of this hack who was never notified facebook's trying to get around that as i mentioned by saying hey you know this is old information old data goes back 221000 the reason they're saying it's old is because they're trying to say this was before we had to start dealing with the e.u. on this stuff not really true but the bigger issue again is the fact that this information has gotten out which once again proves that facebook is reckless with data they're reckless with consumer information and they are not notifying those users and consumers the way that they should be the e.u. will not smile on that i think very much i think they're going to take a pretty hard stand against facebook considering the fact that's happened again to so many users 530000000 of them and many of them in europe and facebook has done this time and time again thank you for your time and insight on this one you've got . there's no question the pandemic took a toll on many businesses and families but some of the wealthiest individuals

actually profited from this global tragedy and as artie's natasha sweet reports the lockdowns benefited their businesses and even saw newcomers to the $1000000000.00 club. as things slowly begin opening after almost a year of closure some businesses like restaurants and gyms are having a hard time bouncing back the covert 1000 lockdowns certainly hit some industries harder than others but then you have a group of elites who actually profited during the pendennis some of the richest people in the world like jeff bezos mark zuckerberg and larry page made their billions during the pandemic all the while economies around the world were tanking due to cope at 19 and more than 2000000 people have died from the chrono virus forbes released its list of the richest in 2021 topping the list is amazon founder jeff bezos with a net worth of 177000000000 there's no question the company saw an extreme boom in business as retail stores shut down and now even with the vaccines being rolled out

many prefer the ease of having items to live or to their door bill gates microsoft founder has a net worth of 124000000000 in may of 2020 the gates foundation said it would donate 300000000 to fight cove it facebook founder mark zuckerberg makes the list at number 5 at 97000000000 with quarantine order and many working from home 0 commute gave people more time to scroll on the social network but just over 91000000000 google co-founder larry page makes number 8 on the list you tube which is owned by google saw more traffic on their video platform site during the pen demick and according to forbes this year was like none other almost $500.00 people including kim carr dashi in an apple c.e.o. tim cook joined the billionaire club it's an average of almost one new billionaire every 17 hours but china had the most newcomers on this year's list the country adding 205 new billionaires one of the world's youngest 39 year old kate wang racking up 5000000000 is the c.e.o. of chinese babying company

r l x. that's all for now you can catch him by us on demand by downloading the portable t.v. app was there her next time and as always don't forget to question more. please. we are segregated only by social class. people also in poverty 1st. if you're born into a 4 family ah you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15

years old is your point it's a generational poverty. it's a tough tough fight every day so you meet your needs and the needs of your family. problem drugs don't always come from unscrupulous dealers but from pharmacies to in every state in the united states we've seen the very sharp increase in the number of people seeking treatment for addiction to prescription opioids invited america under the banner of medicine persisted with the pain but this 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 or the governments of .

the u.s. officials seek to reassure people that the astra zeneca covert shot is safe saying faxing hesitancy is costing lives but there are signs that the damage to public trust is already done. why your commute is a risk since it has been shown that there are people who have unfortunately died after getting vaccinated it seemed the risk is low in their best interest i think we don't. what to trust you will be to the dark. germany reveals plans for talks with moscow to buy russia's sputnik the japanese long as it gets approval from the e.u. regulator and. the soyuz rocket carrying 2 russians and an american has docked with.