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tv   Boom Bust  RT  February 22, 2022 9:30am-10:01am EST

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and is not yet a natal member, sir, ethically. however, practically, it's under heavy influence of needle, and they are the n g o r responding derek, the net, n g o, d u. s. a n g o, as in jos affiliated to georgia service. and they are creating politicians and civil society activists in order to spread on the russian sentiments. and this started from 2014 and this on the russian sentiments in order to keep russia as separated from its influence. and especially from the origin. you're asian, your as your agent, right, because we gen ski believes that if russia has an easy access to the origin area, it will revive its super power character in the global scene. so the rise of this on the russian sentiments has also led to the rise of new nazi groups in ukraine. and this groups have been committing crimes. and we're crimes against either ethnic russians or even ukrainian. so speak russian. well, the,
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the crimes being committed there have been an ultimately done with what have been western weapons being funneled into ukraine. this is also another concern. i think he raised a very good point, but i wanted to ask you what i, what i still have one here. syria is throwing a hat into the ring for an opinion on this. syria is saying it supports rushes, recognition of the dawn bass. why is syria expressing this? do you think for several, i just want to say so after this anti russian sentiments, it's very natural developments. dad put in a book nice on his can log on as, as an independent state in order to secure these areas. and the people living there, harbor when it comes to sierra celia has witnessed a similar similar campaign by the western government. and i'm given him change works and partner the campaign against syria. however, syria also perceived the war in syria doesn't perceived the war in syria as isolated from the war in ukraine because syria sees that there is a struggle of power nowadays. and especially between russia and united states. and
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there are 2 pulls are trying to compete on international leverage and, and, and therefore a csc is, it's the part of the struggle of power against the united states, against the nato regime change project. and therefore, it's a very, in my opinion, natural, also a team from syria to recognize that it's can don't be sent to the district presidency posted a statement, saying that president bashar assad received a parliamentary delegation in december of 2021 and expressed his willingness to equal denies, don't donates, can log on and cooperate with them on an, on an economic level. therefore, seriously, cognition, in my opinion, is just, it comes in the context of this struggle of power between russia and tonight's event. syria chose its position quite clearly in this, in this conflict. and what we see nowadays underground in syria, for example, oldest talk about russia is encouraging separatism in an eastern ukraine. why do we
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speak the united states and its allies in syria? they occupy one quarter of the country and illegally, of course, without an invitation from the syrian government. and they are encouraging separatists in the insurers after your freight to create their own state. so all this hypocrisy and the standards from, from the west or western officials not is not surprising, but in my opinion they were caught in surprise with anything major eyes, i think, i think for some interesting comparisons there as well. cool, but also in certain realms around the world. i think booting voice that's written the past 24 hours. there are concerns of history. repeating itself could walk out matthew and a syrian armenian political commentator. joining us live here on our team to national really appreciate your time. thank you. and thanks for joining us for our continued coverage. all the crisis in ukraine is portia international di from moscow, 5 33 pm. we are back with
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they've been bus one vision and say you can't afford to miss. i'm rachel blevins that i'm bred to bore in washington here that we have coming up. raja moved to recognize to break wave regions is independent from ukraine and threats of sanctions from the u. s. and you will discuss the latest flush the federal reserve has moved to ban its members from trading stocks and even crypt. joe, in an effort to cracked out on corruption among the top rest, we'll take a look at whether the new rules will have any impact. then your 2nd on this recovery is roaring back in the thesis during inflation. later on will analyze the performance of both the u. k and the e u. i tensions between the 2 sides continue. we have the attack show today to,
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let's get started. and we leave the program with the international reaction as russia moved to recognize the dynamic and lose dance people's republics. nearly 8 years after they declared themselves independent of ukraine. ahead of the announcement, the mo x tumbled 11 percent marking its worst day since russia annex crimea. back in march, 2014. now this move increases the possibility that nato allies could move toward announcing new sanctions against russia without an invasion, even taking place with the use foreign policy chief saying on monday, quote, if there is recognition, i will put the sanctions on the table and the ministers will decide there has also been hopes of more direct talks between the u. s. president joe biden and russian president vladimir putin. but while the white house said in a group, it agreed in principle to a meeting the kremlin. there are no plans yet for a summit. secretary of state anthony blanket said on friday that any move to recognize the damage region would necessitate
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a swift and firm response from the united states, while white house press secretary, japanese saki on monday, said the president would sign an executive order that will quote, prohibit new investment trade and financing by u. s. persons to from or in the regions. joining us not just is blue bus co host an investigative journalist, ben swan, i've been. let's start with the broad here. what's the impact of the move to recognize these regions as independent? calling the impact is pretty large so far. i mean obviously what we're already seen is you just mentioned, jim, saki am insane on monday that already the biden administration is going to sign the executive order that essentially issues sanctions on these regions, right? remember, as you guys and lead up here, these 2 regions declared independence about 8 years ago, back in 2014, around the same time of crimea. they're not saying they're a part of russia they use. they're just saying they're independent. but because russia and russian president vladimir putin said on monday that he also recognizes
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that independence, then the biden administration is going to issue sanctions against the people living in those regions. so that's already a huge step. but the next step for all of this, obviously is whether or not they're going to be of sanctions issued against russia itself. consider the fact that already over the weekend, the president of ukraine zalinski was already asking the, the west, specifically the united states and nato countries. to put sanctions on russia, he said before they invade ukraine. righty says don't do it after the fact do it before he was already calling for that. so in light of everything that's happened to day, i suspect that we're going to see stronger talk coming from the administration stronger talk, coming from the, by the ministration and not just talk. but i predicted this week, they will probably go ahead and institute some of these st, specifically against russia itself, not just these 2 regions. and it's interesting because up until this point we've heard from the binding ministration, where it sang don't invade. if there is an invasion,
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then we will act and they keep using that term almost as their red line of sorts. so what is the significance now that the binding ministration is coming in and saying, hey, we're taking additional steps in addition to what we would do if they invaded, i mean, what is the significance of all of that. 0 as far as russia and ukraine said, well it's, it's very significant. i mean, consider the fact that russia has invaded anything at this point. now what we don't know guys, and let's be honest with us. we don't know what this decision ultimately means. obviously, you know, president putin has called for a vote on recognizing these 2 regions as being independent. and if, if the rest of the country does recognize that right at the rest of the government does, then what is the next step? does that mean that russia simply supports financially these regions? does it mean a sin troops and tanks into these regions? because if that happens, obviously the u. s. and ada would see that as, you know, a russia invading ukraine or violating somehow, as they call it,
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ukraine's sovereignty and a territorial integrity as they like to say. and so that, that's a huge possibility. but right now what we know is that, you know, obviously with ukraine asking for the us to do something in advance. what they're essentially saying is, punish russia for, for what for not invading you for having not invaded you yet. if you punish someone prior to an invasion, what would be the point of them not invading that though, the point of, of punishing them according to the united states is to exact some kind of consequence for crossing the border or coming into ukraine. but if russia hasn't done that, why would you institute in advance some kind of sanction against them? it's almost like a pre crime. so it doesn't really make sense to do that. even though ukraine has been calling for this. it wouldn't make sense to do that at all. the whole situation. i has been bizarre from a lot of the calls that we've seen now. then we've talked about the us part of this is, but u. k. prime minister boris johnson said that a russian invasion of ukraine would lead to sweeping economic sanctions on russian
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companies. is it correct that those things would essentially prevent them from trading in us dollars and u. k. pounds at this point? that's essentially what it is, right to the u. k, saying they wouldn't be able to trade in pounds or dollars. and then let's talk about what the united states wants to do. so it seems like it's kind of been lead to what the u. s. is looking at doing sanction wise, is they would essentially try to block any kind of corresponding actions with russian banks. and us banks essentially, meaning they're gonna cut russia off of the swift system. now, for viewers of this show, you guys have heard this term a lot lately, right? the swift banking system. we talk about quite a bit. that is essentially what the, by the ministration is indicating that they're going to do that if they're russia, invades ukraine or now possibly as a result of even recognizing these 2 provinces. what we might see happen is the u. s. attempting to cut off russian banks from access to the international system, the swift banking system. and that, of course,
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brings us full circle back to the conversation that we've had so many times on the show about crypto currencies and block chain. because the reason the russian central bank was told to go ahead and reassess its position on crypto was precisely for this moment because of the fact that the u. s. clearly is saying that their goal is going to be to cut russia off from that switch system. how are you able to then bank with the rest of the world? how are you able to have transactions with the rest of the world? it appears that rushes leaning into crypto currencies and bitcoin, specifically for that purpose, which it does pretty well. yeah. now another piece to this whole puzzle has been nato and specifically nato membership. and we know that the lens he has called for, that he said that that's something that he wants for ukraine. but of course, at the same time, russia says that that is their red line is for nato to officially add ukraine as a member. so where does all of that stand now and could you see a bigger push to make your crane a part of nato? we've got about a minute lost. yeah, well listen if, if you were allowed to be a part of nato, which nato was so far said they don't want you to be
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a part of nato. and the u. s. is not that they would back that are support that in any way. and that's why it's so bizarre, the fact that nato won't just come out and say, no, that's not going to happen. or the us will just say, you know, that's not going to happen. because privately, they'll say, we don't want you to be part of nato. but when russia calls for it, they say, well, we can't promise you anything. it doesn't make any sense at all from a strategic point of view. but does this speed up that process perhaps? but in theory, even if you were to become a part of nato, that's a years long process. you don't, you don't do that quickly. and. 8 so the idea that that would happen now suddenly quickly, really doesn't make sense. is it a red line for russia? obviously, it's a red line for russia because russia is simply saying, we're not going to have nato right on our border when nato seems, it seems that they're only a role in the world is to kind of inflict and control and minimize russia. last thing i'll say about nato, since it came up, you know, i thought guys, i thought the most interesting thing that was said today in that whole news conference with black recruitment, he made a comment about it back in 2000 that he actually approached bill clinton. at the
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time and asked him about russia joining nato, and that clinton's response was that that probably wouldn't happen. and the reason it wouldn't happen is because they like to really focus on smaller countries that they can control, which obviously ukraine is a great example of that. but what an interesting kind of comment that was made that 20 years ago russia wanted to be a part of nato. obviously it didn't happen. and today, nato, and found it's new, prevents in once again, trying to restrict and control and possibly even start a hot war with russia. it's pretty interesting and boom, but when you so much recovering the story all day and you've been working overtime, begging so much you got it. and better reserve officials are facing a new set of rules that will go into effect in the coming month, which will prohibit them from trading stocks, bonds, and even crypto currencies. under a new set of restrict central bank says the new rules are their way to support public competence in the impartiality and integrity of the committee's work by guarding against even the appearance of any conflict of interest. now the fed moved
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act after regional presidents, eric rosen grant of boston, and robert caplin of dallas announced that they were stepping down from their positions back in september after they were caught making millions of dollars and stock trades in 2020 while also settings that policy in the wake of the pandemic, the pressure has been on for congress to do the same with how speaker nancy pelosi now claiming she would support new restrictions that would also directly affect her . as for the crackdown on crypto. well, that's happening all around with the ceo of crack in calling on users to get their money out of centralized exchanges. because when the government does come knocking his company will be forced to comply. so joining us now to discuss all the way this is david tall, president of protein capital david, it's great to have you on the show today. now let's start with these latest regulations from the fed. what do you make of these new rules? and the fact that crypto has been added to this list. first off,
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it's about time. anybody that's ever work that a large bank in this country, or at a law firm, or any sort of, you know, large institution that may have access to private information. i'll companies has some restriction and some gatekeeping with respect to trading inequities in debt and so forth, particular companies. so frankly, it's about time that the fed go ahead and get in line. and frankly, congress should be there as well. congress even more so frankly, being the body that makes up laws that can incredibly impact the bottom line for many companies and their futures may go ahead and regulate them out of existence in so much. so certainly that's, that's, you know, without question. this has to happen and it has to happen yesterday with respect to crypto criptos being thrown in, along with every other assa class as part of the kitchen sink, which includes not only stocks and bonds, but you've also got derivatives. you've got commodities. so frankly, since crypto is in the news, it's running center, it's an investable product,
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throw it in there. frankly, it doesn't matter to me. i don't think that there are going to be many lawmakers or . ready you know, federal reserve members that are going to go ahead and make market making moves. but until now to go back to the 1st point. there has been oodles and oodles of money that has been made. i'm sure. with some material mom, public information that has been net very clear to legislators upon which they've probably gone ahead and, you know, bought and sold securities. and david fisher say, because you actually mentioned that whole aspect of congressional members, and especially when you have things like an economic recovery, like we saw in 2008 where they were basically telling companies. this is what you have to do to get out of this will help you out. a lot of congressional members had all that knowledge. and of course, as we mentioned there, nancy pelosi just recently within the last several months, she said, hey, it's the free market. why should we be able to trade stocks? well, because you know what's actually happening here. so what do you think of the significance
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of the fact that the fed actually able to move quickly and put these new rules into place while congress, it took the leader a couple of months even come around. the idea that this might actually be able to get done not to mentioned, we know how slow the wheels of congress move because i think federal reserve members are in this for the academia a and b and if for the public service, i think the legislator is probably go ahead and make pretty hefty to any of their total overall savings out of trading. to be honest with you, they probably take a lot of their cash that they receive and they invest. and again, mancy pelosi has made incredible amounts of money. mitch mcconnell has made incorrect, he and his wife had made incredible amounts of money. frankly, you know, investing a particular stock. i don't think they've been investing in particular stocks blindly. they've probably been led by what it is that they know and what it is that they're planning in terms of legislative activity. yeah. and now when it comes to
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sort of the governments ongoing crackdown on crypto, i know we heard from the ceo of crack in there. he was saying, hey, get your money out of the centralized exchanges. because when the government comes, we're going to comply with those orders. do you see this kind of crap down that they've been teasing going forward in a big way over the next year? right, so i think that the, the, the call from crack in and the concern that is currently going on in the crypto sphere, which is very high regarding privacy and public identity and crackdown is really the confluence of what you spoke about with what's going on in canada on the border and the supply chain with the truckers that the canadian government has essentially been able to go ahead and shut down a bunch of crypto counts associated with those truckers so that they should not receive any sort of help and support in the form of crypto currency, and this is
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a big no, no, for the crypto community, even for those people that are not wildly rabid libertarians. but the fact that crypto currency is supposed to be a board list, permission list, type of, you know, transfer a value. and the fact that now governments are essentially saying there are certain policies that are like, you're not doing the things that are appropriate. it may not be illegal by the way, but it's not appropriate. and therefore, we're going to go ahead and crack down on you and use your grip to go ahead and crack down on you. that is a big alarm to the industry and a lot of concern. and certainly i think that you see of cracking is not going to be the only voice out there on this. certainly a lot of daycare, david tall person capital. thank you so much for your time and insight. thank you. and bathing just now that will sanction to washington's top defense contractors, raytheon and lockheed martin once again. this time over 100000000 dollar deal for the 2 companies to help maintain timelines missile defense system. previous
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sanctions against the companies were announced in 20192020, but this time china cited it's a new anti for infectious law which was created as a response to us sanctions. now this march, the latest, and the continued tension between the world's 2 largest economies. while us argue that has the right to sol, taiwan, millions of dollars in weapons under the 1979. taiwan relations act, while making argues at washington is in violation of the one china policy which sees china as part of sorry, which sees taiwan as part of china. and is therefore a threat to national security. us arms sales to taiwan and china seriously violates the one china, principal and visions of the 3 china us joint communiques, especially the august 17th to communicate seriously, undermine china sovereignty and security interests. damages china, us relation and peace and stability in taiwan surgery trying to formally reject and strongly can and this is interesting because we've seen these tensions over taiwan
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ramped up specifically with the trump administration, then you at biden, you came in and he was very critical of the way that trump handled these issues, but now we're seeing him continue with the same sanctions continue with the same measures, not really pull back on anything. and it's notable to see how beijing included this new, you know, sanctions act which they took action on through this. so it'll be interesting to see if it has any kind of an impact this time around. oh, absolutely. and when we see this, we always see there's going to be some sort of response from any major economy. they can do something like that. so it will be interesting to see where this all goes from. absolutely and time now for a quick break. but when we come back, european economies are roaring back after a breed in lockdown, measures will bring you the latest figures from the largest economy on the continent. we'll be right back with
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a welcome back. economic activity in the euro zone for february grew at its fastest pace in 5 months, as many nations in the block pulled back restrictions meant to fight this brad of the arm across various coven. 19. i just markets. flash composite purchasing managers, index, generally seen as a measurement of overall economic health surgeon, february to 55.8 from 50. 2.3 and january exceeding analyst expectations. as
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a reminder, any number over 15 marks economic growth. the data also shows strong growth in the services sector, while manufacturing pm i did slightly but still remain strong. meanwhile, the u. k. so the private sector rebound from it's on a crowned woes with the composite p. m. i jumping to 60.2 in february from 54.2 in january, summer to the new britain services sector helped push things up, increase spending on travel, leisure, and entertain, but also contributed according to the market. but despite strong growth, the 2 sides are still locked in post braxton negotiations over the so called northern ireland protocol. joining us take a deeper look into the numbers and what the future holds for the 2 sizes hillary forward board member with the british american business association and president, obstruct mark business development consultants. hillary always a pleasure to have you on. i want to start with these economic figures coming out, what's really pushing this recovery from the u and u k. after the crown barrier will pleasure back to you again,
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brenda and rachel. couple of things here are actually the massive monetary and fiscal stimulus package that the u. k. government quickly, and that to quickly relate in response to the variance that is actually credited actually about 20 percent of the case g, d p. that was one of the largest stimulus packages in the entire world. and as i mentioned mentioned, it was rapid. in addition, the high vaccination rate, again the n a that was a very rapid rollout of those nations. and also actually i was actually bricks that infantry level help because there was so many concerns as to like check from the e u l. the border crisis issue that the e with very well stopped with a huge backlog of in, of inventory. and that actually help for those 3 factors combined as well. i've actually pulled donovan and he's the to the point of mr. u. b. s wealth management . and he said it also shows on the come, really had people prepare versus other people were able to adapt from
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a quick view than any other of the kobe barrier, right? we know that anytime they hear that there's something about any kind of new variant that obviously creates a lot of concern and then a lot of preparation as a result. now when it comes to the comparison that everyone is doing between the u . k. in the you, is there something to the fact that the u. k. is seeing better economic activity then you or is due to varying restrictions put in place throughout the block right now? when a couple things actually that rachel watches a bit of both. but i would say the u. k. certainly has, haven't had the profits rebound on the figures that you just mentioned earlier on the intro. prove that a couple of things here is the 2nd world war. this is the rebound the case ever had . and i think that's where she's to not be charge of the extraction, said the u. k. is the fastest growing economy of the g 7 it was, and it's predicted to be also in $22.00. now this is in contrast to companies in that you brought for just italy, which is really
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a lot of that was due to the huge come on component of the tourist in tourism industry in also germany. actually the auto industry that has been sort of bone and spent the german economy as volkswagen. a g announced that they had the slowest growth in 21 over a decade. and 5th of their workforce was furlough during december. they've actually predicted the to, to the ship shortage and that dependent always be on ship. the growth is going to be slow right through the whole end of the 1st half of 2022. so germany is really suffering due to the massive dependents. i think on the auto industry versus the u . k. all the factors before with that phosphate. absolutely. i want to break the quick before we go hillard because, you know, obviously the negotiators are saying they're kind of at a stalemate right now. and neither good nor bad is happening and also lives trust without saying they need to get this deal worked out. so that way both sides can really focus on geopolitical tension, like what we're seeing with,
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with russia and nato, and it kind of raises the question. does that put into question what lives trust is role is as both the board secretary and the chief rec negotiator, and unfortunately i have about 30 seconds left ill or yes, she's doing both. i'm. she's very thinly stretch, but also don't forget to be capital bite because obviously by going with $870.00 was tonight and though he's really concerned about like this friday agreement, i also would say so back he, they, it's all the customs restriction. they predicted that they will restriction all the tracks down from 80 to 30. that still is yet to come. and they want all these, all these tracks because they say it's due to risk management. those check what holding up the agreement in terms of the customs and the hillary. thank you so much for breaking it down. we'll have you back yet. pleasure and finally crypto and through vs has been emboldened in recent years and there is no greater proof than a decentralized autonomous organization trying to raise money to buy the nfl.
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denver broncos. now, as we have talked about in the past, a dow can be thought of as a democratic group of individuals acting together without a single entity in charge. does essentially use the block chain to track and validate participation in the organization. now this group made up of a mix of attorneys software developers, and even pro athletes is looking to raise more than $4000000000.00 to purchase the team the by the broncos. dow won't officially go live until the 1st week of march, so it's hard to say how much they will actually be able to raise and whether they would be approved by the nfl and the elite group of current owners to actually get involved here. now i was raised by my dad as a diehard done rebrand fan, so this would be a big deal for them. but as you mentioned there, i mean, is there any indication that the nfl would even allow that? i mean, if you think about the number one, i know that groups can get together, but i think there's like a centralized ownership. so if they're trying to pick a team ceo or something like that,
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would be interesting to see how they all vote together to decide who to actually hire. i think this could get very, very complicated. we'll continue to follow this because it's a very fascinating story. and that's it for this time you can get boom bus on demand in the portable tv app, find it at portable dot tv, plus the next them me rather driven by remote shaped by those in ah, who dares sinks? we dare to ask in
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ah, as ours top headlines on our fi, international celebrations. and don bass as president putin recognizes the independence of a don, yet can blue guns, republic and pleasures, to ensure peace in that region. if i'm certain we haven't been abandoned and that we have a future, we greeted the knees with tears and we are happy. at least there will now be order . the bombings will stop and people will be able to lead normal lives. some moments we are riding along with the red cross delivering water tanks to the people here because the water supply was disrupted after massive, massive shelling for this by some optimism being show. the conflict continues.

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