story here at beijing 2022 games. alexey. rescue ot reporting from aging. many thanks for keeping his company here in alta, international will be back at the top of the i with this is boom bus one vision share you can't afford to miss. i'm ready to love it, but i've read the board and watch it in here is that we have coming up while started taking a stand against crypto currency in the past. the nation is making move through for the world of block chain technology. we'll take a look at what the impact that could have. then we take you next door to india, where the world's 2nd largest nation, is slated for a major rebound in the wake of good coven, whoa! and later on, spotify says it will add a new warning on his platform after the most popular podcast or in the world was criticized for his content on the platform. we'll discuss the latest in the ongoing

debate. we have a lot to cover. so let's get started. and we leave the program with china's for a and to be exploration of block chain technology. now on the government may have cracked down on crypto currency, the nation seems to be embracing its underlying technology in a way others have not. china has now selected 15 pilot zones and identified several areas of application to quote carry out the innovative application of block chain technology according to a joint government statement on sunday that the pilots owns. include areas in china is major cities of beijing and shanghai as well. as going jo, ann chung, do. so what do these new zones mean for block chain development? let's talk to soon, but tell host christie i for more christie, what's the reason behind these so called pilot zones? i mean, at the same reason that most technology is actually phased in, because there are always challenges when it comes to deployment and implementation

of new technology. things are usually phased in so that any errors, challenges, pain points. they can be quickly identified and dealt with. and the ramifications can be contained on a smaller scale to allow for maximum response time. so we saw the same thing with always 5 g rollouts, tardy, certain cities 1st before ramping up, because inevitably there will be some hang ups and china will be deployed this block chain across the 15th zone. and also a $164.00 entities which include fields such as energy, taxation, trade, finance, health care costs for a finance copyright, etc. so it essentially a for the large scale implementation of walking across these businesses and government organizations in china. so that each area of specific cyberspace, administration and relevant industry regulatory body will have full transparency and oversight over the system. now when it comes to the issue of blocking development, whether it's in china or here in the us, how much is it revolutionizing the tech industry and how much credit rebel

revolutionize it in the future? i mean, in terms of actual block chain technology, the development, this is adding very little to what already exists in the crypto sphere. the only difference here is that it's a centralized currency rather than a decentralized one, which means that funds can be frozen and subject to wind, but those in power because think, think of it. it's almost like legal market manipulation. everything china is currently creating already exists in some form, shape or fashion already. so there really isn't any contribution here. it's merely repurposing and existing tool, a technology for the government's own use in order to increase oversight. so the funny thing is that the crypto ecosystem is actually more efficient because we have validators and node operators that are being compensated for the uptime and computing power as the, the gas fees, so validators they actually want to maintain that now work. and there's an inherent

economic incentive for them to promote it and secure it, not just for the right cause or whatever, but it's a real economic financial incentive here. regulators and the cyber admin there probably be paid a regular salary in order to maintain this network like any other job. so they're already bits that the truly decentralized model is shown to be better and less redundant than something like this. and christy, i want to move off of this block chain because when, when we get into the world of crypto, we got a pretty interesting story here because a state senator in arizona has actually filed the bill that would make bitcoin legal tender in the state. how would that work? well, this fellow seeks to add bitcoin to the list of instruments that are considered legal tender in arizona, which would make a lawful medium of exchange. so this would essentially enable citizens to pay debt, public charges taxes and dues with big coin. so if inactive citizens could opt to receive their salaries directly and coin and companies that have the complete

freedom as to how and when they could use bitcoin. so this bill mentioned quite specifically, not all, they're all coins, and there will be a 2nd reading on the senate floor wednesday. but right now, the problem is the us constitution might make passing this bill a challenge, because there is something called a coinage clause in the constitution. that means the power to determine what is and isn't legal tender in the us is the exclusive province of congress. so if inactive, this bill would be largely symbolic, because back in the $1800.00 states actually tried to go around the coinage clause by issuing their own state bank notes. these state legal tender. but they had very little success because congress put an end to it very quickly by placing a 10 percent tax on payments made in currency, although the national bank notes. but nonetheless, this would still be huge. huge big news for bitcoin. and a similar thought process is also shared in texas as well,

where governor candidate husband, so that he will also try to make bitcoin legal tender and his date as well. well, that's fascinating. and we know definitely how congress feels about crypto currencies like going. so we know exactly where that would go. now when it comes to a nation like el salvador, that has gone ahead and made bit queen legal tender when we're talking about states in the u. s. looking at i d as how does that compare to the crackdown on bitcoin that seems to be coming from the bye and ministration. i mean, are they just ideas at this point? well, i mean, it shows that the coin is actually very effective. what it was actually set forth to do, which is to provide financial freedom to those who want it. and that's exactly what l salvador wanted to not be completely beholden to the i enough, which can be thought of as one of the biggest loan sharks out there. 2 countries and also now we have individual states who also want to secure their own freedom from the federal government. america has always had this state versus federal

mentality. so it isn't really surprising, but it is interesting that the vitamin ministration feel so threatened by crypto currency that they're attempting to crack down so hard on it. but at the same time, the states are actually trying to boost it up. who like we said, going get power back to the people. and if this were, in fact, a repeat of what happened in 1865. unfortunately, the congress, their old methods of putting a 10 percent tax wouldn't really work because bitcoin is peer to peer. so it's not like a check that needs to be deposited specifically at a bank because it's peer to peer. it would be very easy to find a counter party that would accept it. so the federal government and congress would have to find some other sort of work around in order to stop it. and it seems like this would all just end up pointing back to some sort of c, b, d, c, and kind of defeat the whole purpose. after all. boom, box, christie, i thank you so much and good. and now to se asia, the largest economy, as it reveals its budget for the coming year,

india is expected to focus on improving its infrastructure and securing further growth all while it continues to face. a 3rd wave of coping 19th that new annual budget will kick off in april and india's g d. p is expected to grow over 8 percent in the year to come. now in a recent government report, india says it is set to maintain the spot as the worlds fastest growing economy for least the next 2 years. but in addition to storing inflation, india also continues to see historic unemployment. now to put it into perspective, an estimated 53000000 people were unemployed. in december of those 35000000 are actively looking for work and 23 percent, or 8000000 of those are women. so how will these factors impact the state of the world? second most populated economy was joining us now to discuss an aria, a professor of indian political economy at columbia university professor. it's great to have you on the show today. now let's start with india's government. how are they expected to go about trying to increase growth in their budget for the

coming year and what is the current forecast? so 1st of all, the full cost at the end of the year, which is just ending in march. the economy, the expected to grow 9.2 percent. this comes on low base because the previous economy had actually declined by 7.3 percent. so now this brings the economy back and little bit of all the pre core with levels. but for the following year, growth prospects look pretty good. the forecast and b to be going at 9 percent before the base effect will not be there. and be in the us government in a document just release predicted to a point 5 percent. so that's really good going forward, had still not focused on raising capital expenditures, which would not only the countries infrastructure,

but also provide jobs for many who are unemployed currently. and that should also have been raised. they expanded this particular, the private consumption expenditure return still being a little bit other parts of the expenditures have picked up. government expended, investment demand has picked up anyway. but private consumption expenditure and that sort of reflects in employment which you mentioned. so those are the major kind of broad effects. and now you actually mentioned infrastructure because there's been a lot of talk about improving infrastructure in india. how much is needed in the nation right now, and does more spending on infrastructure stand to have a significant impact on the economy and lower that unemployment as you just mentioned? well, absolutely, indian needs are lost because, you know, did not grow for several decades. that's what i've been 3 or 4 percent that so

much of the growth in india has happened in the last 20 years. and therefore, also much of the price has also been so india is continuously spending its capital expenditure of the government, which is really the infrastructure. and then the last year to grow and usually the previous interest, 90 percent similar growth, we have to happen in india. and sense of us fancy private investment incentives it exhibits compliment, that'd be with the public expenditure, which is the price of expenditure. and so if i mean the case where you know, the governments want investment spent with the private investment that picks up as a result of investment by the government. yeah,

certainly when it comes to infrastructure, something we talk about worldwide. now you mentioned the ongoing unemployment crisis there. i mean, we're talking about 35000000 people actively looking for work. so just how that is it and how is it impacting india's economy right now? so, you know, during the 1st day of school it had a very severe last down. this was during march, april and may of 2020. and that is when the unemployment rate really spike a lot of people who even lots of migrant workers who had lost their jobs, they turned to the countryside and just in recovery. so the direction is an employment rate has declined by our majors, but stay, it remains below the unemployment rate still it's higher than what we call it. so that is something which again, requires basically

a big company because netflix every soon and me returning to pre call. we live in the base basically losing 2 years of growth. it's 2 years since school we've been and, and that is where it since, so for employment it is great honor me which has to grow. it is not just the government that creates dogs, but the private sector is requested economy. largely it's private and it is that part of that be these are private sectors that will need to grow much hoster noise . certainly a lot of stake fair and will continue to follow how india's economy affairs, as the year goes on, professor urban pentagon, columbia university. thank you so much for your time and insight. migration and oil prices continue to 3rd topping $90.00 on friday and moving on an upward

trajectory to start the week as geopolitical tensions and tight supply remain in focus. international benchmark rent crew rose by more than one percent on monday to just over $91.00 per barrel just off high as seen in october of 2014 while west texas intermediate rose just under one percent to hit $87.50 per barrel. brent crude is on pace again 17 percent in january. that would be its largest jump in the 1st month of the year in 3 decades. rising prices aren't just having an effect on pocket books of consumers. either. chevron is reporting. busy having its most profitable years is 2014 having made $15600000000.00 in net income in 2021. the oil j has been able to take advantage of high prices amid the economic recovery, after losing $5500000000.00 in 2020, at the height of the pandemic and time now for a quick break. but when we come back, spotify, a spacing heat over,

what critics claim is, vaccine misinformation coming from the platform top podcast host, will discuss. and that's going to break here. the numbers of the quote, the when i was the wrong, when all just don't room. yes, to shape out the same becomes the attitude and engagement equals the trail. when so many find themselves world par, and we choose to look for common ground. every country in the world will eventually make big coin legal,

tender. the only difference will be at what price we have el salvador, making the move in the $30000.00 to $40000.00 range in united states that may wait for told 251015 1000000 coin before they finally wake up algorithm. so neural networks have been following us everywhere. we look online because our relationships are what matters most us. that's how we find meaning. and how we make sense of our place in the silicon valley. see, don't mentioned in that slick presentations. however, the ghost workers who train the software humans are involved in every step of the process when you're using anything online. but we're sold as this miracle of automation behind your screen. it's a valuable workforce that feeds algorithms for next to nothing. on a very good day,

i could do $5.00 now. a really bad day. i could do 10 use workers are invisible by design. it's about labor costs, but it's also about creating layers of lessening responsibility between those who solicit this kind of work and need it. and those who do it with . welcome back. it has been a crazy couple of days for audio streaming platform. spotify, as the company is phase controversy over popular podcast or joe rogan, and was some people label as coven misinformation. legendary musicians neil young and joni mitchell pulled their music from the service after taking issue with the content of the joe rogan experience, which became a spotify exclusive after bring a deal worth more than 100000000 dollars back in 2020. they were followed by

several others who do business with the platform, including prince harry and megan merkel, who signed a $25000000.00 deal with spotify to host who host and produce podcast. now in respond spotify. theo, pend a blog about the situation while the service, and now it would add a content advisory warning to any content that features discussions about cobit for his part. rogan himself responded with a video poster and instagram saying he agreed with the content warnings and spoke by way he can do better. i'm just a person, sit down and talks to people in those conversations with them. do i get things wrong? absolutely. i get things wrong, but i try to correct them whenever i get something wrong, i try to correct it because i'm interested in telling the truth. i'm interested in finding out what the truth is. if there's anything that i've done that i could do better is have more experts with differing opinions, right after i have the controversial ones, i would most certainly be open to doing that. and on all of this new spot,

if i had stock was up more than 12 percent at points on monday. so. busy what does all of this mean? well, joining us now discuss is legal and media analyst, lionel in simon gallagher entertainment strategy and investment principal at sbc global. thank you both for joining us on this topic. simon, i want to start with you. a lot of critics seem to think spotify is basically choosing rogan over the people making issue of this. does it all follow the money? what do you make spotify response here? look, i think that the spot fire response has been very measured and reasonable. i think that they're aware that this is a challenge for all media companies, but you also have to recognize that joe is, is essentially a glorified journalist. he's just there, he's asking questions. he doesn't always get it right. and i think he's also been very forward leaning in terms of saying, hey, i will have a great variety of guests on my pod cast that present both sides of the argument. so i think the response from both spotify and job to be thoughtful and measured.

well, it's interesting that you call the glorified journalists because we do live in a time where so many people don't trust the traditional media. and so it's notable how they're going to other sources looking for that information. now, lionel, what's your take on this situation? i mean it's not like broken is claiming to be a journalist himself here. so what should be expected of him? first, are you telling me that anybody is actually worried about neil young police? a more joanie mitchell or nills? laugh grin, who's an exam? fear? king of the pan flute bay city rollers come on. what this is, is this was a targeted lesson to tell joe rogan, you're, it, we don't care who you are, but we're going to make a lesson. we're going to teach the world that there are certain things you can and can't say. i no matter the platform, no matter where you are, how big you are. if you're the one that we're going to target, because we're just not the thought police but the thought vigilantes were,

they were the truth tyrants. we're gonna pick you, and we're gonna grind you into a dust. and if you think that joe rogan, whom i respect for nothing more than the the told that he's caused. but if you think that that wishy washy, whatever that was sick, a hostage video, did you see that? i'm sorry. i did it wrong. here's my thing. all across the world hash tag. so what if joe robin gets a wrong look at him? you think this is a virus ologist come on. so what this is to teach him a lesson, that's what this is about. well, you know, i know that there's been a lot of controversy surrounding him, at least from some of those mainstream sources like cnn that want to be critical of him. now, as i then we've talked about money here. so what's behind the increase to spotify? his stock price, is it about rogan supporters, or is it about the way that the company is handle that handled this? is that telling us anything? is a couple of things that need to be considered?

certainly it had already dropped $0.20 from the start of the so it's had it's bounce back. it's been a big bounce back day for the market today. there was an upgrade of the stock because i think people recognized it had been unfairly punished. so i think it's just a natural correction. i don't think that it's quantify fans. i think this is, this is just big funds. recognize this is an opportunity. this is a business that is the media platform, one of the key media platforms of the future. and that it makes sense, given that it had such a correction to stop, to buy in at this point in time. and so if you follow all of this, i mean i want to go back to line of points about who cares about joni mitchell and neil young. and some of the, the, they're hard to are saying that, i mean, if you're somebody like spotify, i mean, do they care about this? any content is content that they want, right? absolutely. they want the, the broadest offering and content available, but it, no one was talking about joni mitchell 2 weeks ago. i will assure you that on amazon right now, she's getting

a lot more. listen to her songs in her library of content. so in some ways it's, it's benefited pulling our content off spotify anyway, because people are talking about her at the moment, remembering to terrific songs and embracing them on another platform. so it was 5 writing and enlightened me and we went back. i want to go back to what you characterize as a hostage video there with yeah, rogan, he pointed out that, you know, it doesn't get much attention when he has, you know, pro vac seeing folks on the show like the doctor sanjay gupta and dr. peter hotel, i mean like you said, this is just basically people go there is this one thing that you talk about that i don't like. maybe i don't like you as a person because i don't like m m a or i don't like your comedy or i don't like whatever. but to me he's always just seemed like, and i say this with all due respect to him, a curious idiot. he likes to ask the question, i like to get down to the thing. so it feels like they're just responding to the

bad and never looking at what he might be looking at. that was fair. he was getting too big for his britches. really ask me just go back a couple of things or isn't it funny that nobody will ever ask, you know, snoop dog or somebody to take down songs about killing the police? let me ask you something. have you ever heard anybody suggest that maybe we should go back and threatened to remove people who still perpetuate the russian collusion fraud. you see it's a selective form of misinformation, misinformation, dis, information. dad, information. when i was a kid years ago, we had to sing on the anarchist cookbook. 1971. it was a book on how to make bombs, and nobody dared talk about taking it off the shelves. but today we love it. we'd love to be ended with your mask in your boosting in your tank and your daughter, and i just love it. it, it, it validates us and the more we stay at home and the more we become cramped up in this weird little world of, you know, the cyber 0 village,

the more we're going to just just consume ourselves when this. let me tell you something bottom i to simply this spotify is going to survive. it's playing music, but this is to teach the next yo rogan and then next, whoever. don't even think about going against the collective narrative, or you'll be this greece bought that we used to call joe joe of arc thought that i have about 30 seconds left. where does this all go from here? do we expect anything to continue? or is it kind of done at this point? no, i think this, this is a shot across the bow media companies just to be continually vigilant. and mindful that this they have to monitor the big challenge they have to monitor. is that the message? is it a bank that they're on the service? that doesn't mean that they, they need to control the message, but they just need to be measured and fair and reasonable in the why did information being presented on a global bi, absolutely, very diverse opinions say legal media analyst,

lydell and simon gallagher of s p g global, thank you both for giving your insight to that. thank you. and finally, it looks like the meta versus about to get a whole lot more funky. as a warner music group announced it will be launching a performance menu in the virtual world. warner is entering in partnership with the sandbox and that adverse video game to create a hybrid of musical theme park and concert venue on the platform. w. m g says its artist will take part in virtual music experiences while the sandbox will eventually allow you to buy virtual property near the themed world. the platform has previously worked directly with artist snoop dog and dead mouse to produce experiences inside the met birth. but there is no word on when the w m. g themed world will launch, but it will surely be respectful and that's it for the time you can get a dog, a bad at portable tv at portable that tv will see you next. me.

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and by drink, shaped by concur. some of those with dares sinks. we dare to ask it's an open secret that private military companies have been playing a role in our complex world wide. u. s. government doesn't track a number of contractors it uses in places iraq or afghanistan, united states army and the military and general is so reliance on the private sector. i would call the dependency, but we don't know who's the on the ground presence of these companies overseas. we

just don't out west and private military companies can in their turn, views, so cool subcontractors from countries with trouble pass. the chances are quite good that they had also been child's diligence. i see, i was it just as well as i drove professional dro issues with the whole loop wouldn't look what it would be fun said that looks with no limit, malone, if you want. sure. which way to be merciless killing machines. now they fight and die in other people's was people. carol lock one, a dead soldier or dead marine shows up in this country and we start asking yourself, why did they die? why do what were they fighting for? nobody bothers down to my dad contractors in.

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