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joining us now to discuss is boom bust co-host and investigative journalist ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout they've they've done a gracious moment and accepted it but i want to start with the issue of repayment so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. that's where the acceptance part of this story comes from because the airlines didn't want to have 70 percent of these come in the form of grants and 30 percent in the form of loans they wanted 100 percent of them to be grants we don't have to pay any of this back because we're so important to america and to the economy of course they didn't get that deal so that's why they went ahead and accepted the 25000000000 this way but here's what we know about it so and some of this stuff is just so rich.
joining us now to discuss is boom bust co-host and investigative journalist ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout they've they've done a gracious moment and accepted it but i want to start with the issue of repayment so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in...
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the story well joining us now to go deeper into the thicket of reporter and boom bust co-host ben swan ben why is amazon taking the step right now. well look amazon would say that they're doing this because they need to protect their workers and look out for them in terms of covert 19 and prevent it spread right by instituting really by an incredible use of force social distancing guidelines they're not even rules they refer to them as rules are not rules or guidelines but amazon says if you violate them will fire you but the real reason i think amazon is doing this remember sarah is that it was just what last week that we saw amazon make headlines for firing a warehouse worker in stanton island new york as it was chris smalls and chris mauls remember this this guy organized a walkout saying that amazon was not protecting workers amazon fired him and then said oh it had nothing to do with that that walkout that he organized even though they fired him the same day they say it was because he was violating the social distancing rules and then read you the statement that amazon has made about
the story well joining us now to go deeper into the thicket of reporter and boom bust co-host ben swan ben why is amazon taking the step right now. well look amazon would say that they're doing this because they need to protect their workers and look out for them in terms of covert 19 and prevent it spread right by instituting really by an incredible use of force social distancing guidelines they're not even rules they refer to them as rules are not rules or guidelines but amazon says if you...
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civil liberties well joining us now to discuss that boom bust co-host and investigative journalist ben swan ben more privacy concerns possibly here what do we know about this database. first of all to give you an idea of how intrusive this database may be a lot of people with knowledge about it are referring to it sarah as the patriot act for health care that is how intrusive this would be it would actually be a database that has been compiled from private data companies gathering information on people where they are when they go to the hospital what they're seeking treatment for how many hospital beds are available and it would basically comprise a massive database in order to track the corona virus and again listen. coronavirus is a serious issue the economy is facing a lot from what people are facing a lot but at this point it has not been proven to be this deadly plague wiping out the world so the idea that we would invade into massive areas of surveillance in order just to prevent it from continuing in the future just seems a little outlandish a little to say the least but are there issues
civil liberties well joining us now to discuss that boom bust co-host and investigative journalist ben swan ben more privacy concerns possibly here what do we know about this database. first of all to give you an idea of how intrusive this database may be a lot of people with knowledge about it are referring to it sarah as the patriot act for health care that is how intrusive this would be it would actually be a database that has been compiled from private data companies gathering information...
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going to make a major run at them joining us to discuss is bloomberg and a vegetative journalist ben swan ben what kind of financial commitment are we talking about here by. well actually it's a pretty massive commitment we're talking about the equivalent of about $28000000000.00 of alibaba is going to roll into cloud computing essentially saying that this is the next frontier this is where the company needs to be and they're making this kind of double down investment as you just said based on the fact that they say with the coronavirus right now that there is more of an opportunity in this digital space all bob as we know is kind of a amazon right sort of platform e-commerce online marketplace it's somewhat remarkable how ali baba's sees its future is now back in 20 danielle is the c.e.o. of alibaba told the n.b.c. quote i think cloud will be the main business of ali baba in the future and quote this was back in 20 team but why. why are companies like amazon so focused on these cloud services who because it's a massive new space that there's so much room and so you still consider the fact as
going to make a major run at them joining us to discuss is bloomberg and a vegetative journalist ben swan ben what kind of financial commitment are we talking about here by. well actually it's a pretty massive commitment we're talking about the equivalent of about $28000000000.00 of alibaba is going to roll into cloud computing essentially saying that this is the next frontier this is where the company needs to be and they're making this kind of double down investment as you just said based on...
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ben swan ben more privacy concerns possibly here what do we know about the state of it . first of all to give you an idea of how intrusive this database may be a lot of people with knowledge about it are referring to it sara as the patriot act for health care that is so intrusive this would be it would actually be a database that has been compiled from private data companies gathering information on people where they are when they go to the hospital what they're seeking treatment for how many hospital beds are available and it would basically comprise a massive database in order to truck the coronavirus and again this is. the coronavirus is a serious issue. economy is facing a lot from it people are facing a lot but at this point it has not been proven to be this deadly plague wiping out the world so the idea that we would invade into massive areas of surveillance in order just to prevent it from continuing in the future just seems a little outlandish a little outlandish to say the least but are there issues here that go beyond just privacy. yeah there actually are issues so you know you have the privacy issue which obviously is a huge concern for a lot of people when it comes to civil liberties and remember when we talk about privacy health care privacy federal laws and state laws there are so many laws surrounding health care privacy right now that creating that gigantic database with everyone's medical information and it just seems like it's right for hacking and how it can even be legal it doesn't even make sense but beyond that you also have a lot of companies that are reaching out to the administration to help be a part of this because there's big money in this process we're talking about probably hundreds of billions of dollars worth of contracts that would be awarded to companies to pull all these databases together remember what we just saw with the pentagon and amazon that $10000000000.00 deal for the jet i contract for cloud computing well this would be an even larger contract probably so you have a lot of private companies getting in that reeks of cronyism and these companies that will profit off building databases to track you in the end our health information why not just that but now some health care professionals are also voicing their concerns about this type of network right why is that. well they are and one of the reason that they are is because again health care information is extremely sensitive so when you start talking about using private companies to build databases for profit companies to put this all together working with the government to track and surveil people and to put together beings that health care workers what about all the time the sensitivity of that information can it get out if it gets into the wrong hands what can be done with it and also again how are people tracked from that you know what's fascinating about this this corona situation right now is how much bad information keeps coming out it even within those databases right now we're seeing and we've got to wrap your what we're seeing so many issues with pneumonia cases suddenly coronaviruses responsible for every pneumonia related death in the country when in years past the numbers suddenly this year for pneumonia would be way down and coronavirus way up so there's a lot of problems with collecting data and properly analyzing that not just that but i want to ask you one more question ben as far as universal testing how much of a consumer confidence while that actually help when it comes to universal testing a lot of people calling for it saying that the only way to end this pandemic what's your take on that well look there's there is a lot of talk about universal testing right now the question becomes number one on the test accurate and number 2 what does it mean if you test positive for corona virus does that mean that you are now going to walk around with an ankle bracelet on does that mean you'll be monitored everywhere you go because that's happening right now in kentucky there's a judge in kentucky who has people walking around with electronic ankle bracelets on because they have coronavirus so that the state knows where they are because that goes into a whole other level of surveillance like you said especially a 50 or 20 percent whatever that number is of people are walking around asymptomatic that's even more dangerous than with co-host and so on thank you so
ben swan ben more privacy concerns possibly here what do we know about the state of it . first of all to give you an idea of how intrusive this database may be a lot of people with knowledge about it are referring to it sara as the patriot act for health care that is so intrusive this would be it would actually be a database that has been compiled from private data companies gathering information on people where they are when they go to the hospital what they're seeking treatment for how many...
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ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout they've they've done a gracious moment and accepted it but i'm going to start with the issue of repayment so so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. that's where the acceptance part of this story comes from because the airlines didn't want to have 70 percent of these come in the form of grants and 30 percent in the form of loans they wanted 100 percent of them to be grants we don't have to pay any of this back because we're so important to america and to the economy of course they didn't get that deal so that's why they went ahead and accepted the 25000000000 this way but here's what we know about. so and some of the stuff is just so ridiculous but i got to tell you for instance the treasury officials are situated term and that 70 percent they say of the grants that the airlines would get would actually benefit taxpayers get this they say in the form of payroll and income tax receipts that doesn't make any sense at all they don't loan someone money if they can pay it back to you and then say that's a benefit to me because they were going to give some of the back and form of taxes that's that's crazy and so essentially what they've done is are saying 30 percent of it you're going to repay back at some point but i got to tell you this stinks this whole thing 25000000000 dollars going directly to airlines to build them out when in the past we know this that american airlines and delta airlines so many airlines have gone into bankruptcy in the past it doesn't mean that those airlines shut down they re emerge from bankruptcy it does not mean the end of the airline industry which is what so many in the media are telling us now what are the most interesting portions of this deal is that it does seem to include some ownership stake in the airlines for the u.s. government how does that work into that actually going to happen. yeah it's kind of a crazy idea you know especially in a moment when you have a trumpet ministration that has been running on the idea that the u.s. will never be a socialist country the president talks all the time about how socialism so terrible and yet they just put into this deal a very socialist measure which essentially says this that essentially the treasury is going to receive stock warrants worth about 10 percent of the loan amount that exceeds $100000000.00 now there are some very very small airlines that might get less than $100000000.00 but every major air carrier is getting billions of dollars in loans we're talking about american airlines getting something like $5800000000.00 delta is getting around $6000000000.00 for their part so when you're talking about these airlines getting billions of dollars and the treasury is going to now hold stock in those companies which in theory they would say oh the taxpayers hold stock but that's essentially socialism where a government entity or the government itself owns equity in a private industry it's crazy well bet and i only have about 10 seconds left here with a quick answer but is there any actual possibility that they're going to take those more it's up and actually the u.s. will take those stakes. it is possible it's not likely i guess necessarily but why put it in there anyway so if you're not going to take that stake why would you would clued in this bill at all it's outlandish for it to be in there and i was one of my people i know we're short i want to remind people that meanwhile you have small businesses all over this country that don't even qualify anymore for this 350000000000 not in grants but in loans that were going to be made to them and you have millions of companies that can't get anything while the airline industry is sucking up all the air in the room and all the money in the room with a $25000000000.00 bailout for just a couple of companies so we're going to get to that in just a 2nd here boom bust coast and investigative journalist ben swan thank you so much for your time there. and for more on this bailout of the airline industry and some other economic news we're joined by professor richard wolffe host of economic update and author of understanding socialism now you know professor wolf you just heard what ben said and actually that was exactly how i was going to open this interview was. how can it they put there and they were the 1st to have their hands out and now we're seeing even just within the last couple of hours the s.b.a. loan program is basically falling apart and it's already run out of money so what do you make of this whole situation with this airline bailout. i could not agree more with your previous interview he has it right this really burns smelled terribly like a reality from the old to eat at least and nobody a lot of those who need it most a small correction the total value of the gift of the airlines is closer to $6060000000000.00 than $25.00 yes it's $25.00 in outright grants and loans of the
ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout they've they've done a gracious moment and accepted it but i'm going to start with the issue of repayment so so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. that's where the acceptance part of this...
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ben swan ben thank you so much for joining me today from this google data we can see that in general here in the united states there has been a very clear shift in behavior but as i just mention the changes across europe were even more dramatic what did those look like they were yeah i mean obviously you have countries like italy and spain which have had much stricter lock downs look here in the united states we've called for a lock downs depending on the state that you're in really depends on how strict it is in italy it's not been like that they've been extremely precise in what they've been demanding and so when we talk about actual numbers you know visits to restaurants in movie theaters in italy drop by 94 percent which means almost everyone right has doing that also 80 percent declines in places like the philippines for people who are going to retails spots so and even in india which just instituted a lockout only a couple days ago they've already seen just in a matter of days a 77 percent drop so other countries i think it's been more dramatic in those places but i think that's probably expected compared to a country like the united states where people are a little more independent in the way they conduct themselves and. geographically of course we're spread out here in the united states not to give any color to people but it's just kind of the way it works this is new york and l.a. are different than say fargo north dakota the middle of the country now and one of the more interesting cases is is south korea which was initially hit hard but has had the fastest recovery of any nation what does the data tell us about what is happening there. yeah it was pretty interesting about that is that south korea has actually managed to flatten their curves and if you were 29th i think about that we're sitting here in april the beginning of april and at that very beginning we're still talking about trying to flatten our curve since february 29th they flattened it and have been in a decline so one of the things that the data shows us in south korea is how people did respond not only to lock downs but they went to testing centers and they got tested very quickly which gave authorities an idea of where the virus was spreading and now ben quickly i got about 20 seconds left here there got to be privacy concerns about that i know you've shared those what do you think about that yeah the biggest issue right now is that google has just announced that it is creating a system by which to monitor not just where people are going in terms of foot traffic but also whether or not people are obeying those lockdown orders and where they are going instead that is a new tool they've just announced they're going to be sharing with government officials there is a huge privacy issue here because people are not opting in they're being forced into the system just by carrying a google product with them boom bust co-host ben swan we'll continue to follow this story thank you so much for your time today you've got to bring. worldwide markets have ended mixed on the week as concerns over the coronavirus continue which have roiled markets in the last quarter and continue to do so at the start of the 2nd quarter let's start in moscow where the
ben swan ben thank you so much for joining me today from this google data we can see that in general here in the united states there has been a very clear shift in behavior but as i just mention the changes across europe were even more dramatic what did those look like they were yeah i mean obviously you have countries like italy and spain which have had much stricter lock downs look here in the united states we've called for a lock downs depending on the state that you're in really depends on...
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ben swan ben always a pleasure to have you now the big question here is can the airline industry not just in the united states but globally survive without massive government intervention. i get that is the question is and i think the answer to that is probably not but it's also they don't have to find out if they could survive because they're not going to have to find that out the reality is governments are already bailing out airlines all over the world look that march 27th bailout that was signed by the president of you know the u.s. economy that 2 trillion dollars there's 58000000000 dollars earmark specifically for the airline industry in there we know that over in singapore the singapore airlines just got $14000000000.00 as part of a rescue package in that country so so different countries are handling it in different ways but one thing is pretty consistent across the bar which is that most airlines are getting some kind of bailout from some government entity in a way the government's putting so much cash into these airlines is there a possibility that more airlines find that governments begin to take equity positions in their airlines rather than just bailing them out. yeah that's a that's a really good point and i think that's what we're going to see is specially in a lot of other countries i know in germany that's being discussed right now with on the airways over there they are you know trying to get a bailout from the german government but the german government is saying we're going to probably take an equity position and own part of this airline if we do this and listen as a free market i don't like the idea of governments taking equity positions simultaneously you have to look at it and say these companies cannot survive on their own why wouldn't governments take some kind of equity position in the airlines because clearly they can't survive on their own when a crisis hits it's essentially an investment into the business so most now meanwhile exactly instead of just giving away taxpayer money absolutely and end up british airways is also saying it's in talks to suspend about 80 percent of its cabin and ground crews this after having already reached an agreement to cut pilot pay by 50 percent now u.s. aerospace giant boeing is also saying that it may have to cut permanently couples issues within the company are we about to see a new normal of contraction in the airline industry about 30 seconds for you ben. his real quick i think i think it will be a momentary contraction i think it all come back certainly you know and as todd world would said a few minutes ago the same thing with the unemployment numbers what we're seeing right now is not the result of an economic crisis it is a pandemic or a virus crisis and virus economy should balance back pretty quickly once life gets back to normal whatever that new normal looks like well and it's interesting because we've talked continually on the show and you've been all you've done as well about how we have been in this recession that there's a bubble ready to burst so it's wonder if the coronavirus is actually going to create that maybe create some long term issues co-host and investigative journalist ben swan thank you so much. and the world health organization is european arm says 95 percent of europeans who have died due to the corona virus are over the age of 60. that over 95 percent of. those older than 60 years. and as the united states
ben swan ben always a pleasure to have you now the big question here is can the airline industry not just in the united states but globally survive without massive government intervention. i get that is the question is and i think the answer to that is probably not but it's also they don't have to find out if they could survive because they're not going to have to find that out the reality is governments are already bailing out airlines all over the world look that march 27th bailout that was...
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of math surveillance joining us to discuss this boom bust tell host investigative journalist ben swan so ben following china's lead that's something that i think resonates with a lot of people that many steps for the implementation of this mass surveillance program are currently being promoted and implemented as part of the government's response to the current coronavirus crisis why is that. well the reason that it's kind of all seems coordinate right now is because a lot of the people who are in charge of this coronavirus taskforce that would essentially be monitoring and following and tracking americans are also involved in the development of this other program and so you're got crossover between these 2 things what's interesting about this program that you kind of led up to this interview with is that it actually became part of the 2 $1018.00 national defense authorization act it was passed back at that time and essentially the goal is to catch up with china but the way that you know the u.s. government likes to go around saying how terrible china is in terms of mass surveillance for its
of math surveillance joining us to discuss this boom bust tell host investigative journalist ben swan so ben following china's lead that's something that i think resonates with a lot of people that many steps for the implementation of this mass surveillance program are currently being promoted and implemented as part of the government's response to the current coronavirus crisis why is that. well the reason that it's kind of all seems coordinate right now is because a lot of the people who are...
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ben swan so ben explain what these new restrictions are that are creating such a backlog of supplies yeah and brand is actually a couple of things that are happening 1st of all china's national medical products association and administration sees me as telling essentially companies that they cannot sin products medical products to the united states without to go through a certain level of checks and then double checks by that administration and essentially they're saying you know everything has to be halted until it can be checked and then on friday something. china added another hurdle and what they did was he subjected certain kinds of medical equipment like protective gear and equipment like that and that by the way includes ventilators and it includes masks to have extra checks done on them before they can be shipped now you know china's doing this in part because they're stuck between a rock and a hard place because there's a lot of criticism right now about the products coming from china but at the same time it is severely limiting the number of products in the kind of products that are getting back to the u.s. at a moment when the u.s. needs them so badly and it's interesting because these are held up by actual companies who are ordering them from factories there so it's different than just you know humanitarian aid that's coming from china now ben without question some in the media and in politics are going to say that china is flexing here or even punishing the u.s. maybe because of the trade war do we know if any of that is true and why isn't china cutting through this red tape to move products as quickly as possible to get them here right well as i mentioned you know china's kind of in a tough position here because they have been getting a lot of criticism over products and whether or not they're going to be safe and properly distributed now part of it could be that china is getting angry about all the talk that they are responsible for the coronavirus as well as having not released information in a timely manner there's a lot of criticism as you know coming from parts of the u.s. government from politicians so they might be responding to some of that as well but consider this and i think there's a bigger issue here which is that this is an issue of the u.s. being so dependent on china for these kinds of products that we're
ben swan so ben explain what these new restrictions are that are creating such a backlog of supplies yeah and brand is actually a couple of things that are happening 1st of all china's national medical products association and administration sees me as telling essentially companies that they cannot sin products medical products to the united states without to go through a certain level of checks and then double checks by that administration and essentially they're saying you know everything has...
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so joining us to discuss and probably explain boom bust co-host and investigative journalist ben swan ok ben so explain this to us this is a digital currency it sounds a lot like crypto currency like bitcoin is it or is it different. it only sounds like it in every other way other than being a digital currency it's nothing like crypto currency it's more like facebook's libra because that's also not a crypto currency and the big difference is clearly the fact that you have the people's bank of china which will be issuing this they don't even have a name for it yet they're calling it. d.c. for digital currency or e.c. for electronic currency and essentially it would you know be set up as a digital currency but there's no privacy there's no way of not being tracked through it in fact the chinese government would not only be able to track everything you're doing with it but would have access to your bank accounts that you're putting these funds in to be able to monitor those bank accounts at all times so it's nothing like a crypto currency in terms of privacy or protection ok yet totally not cry
so joining us to discuss and probably explain boom bust co-host and investigative journalist ben swan ok ben so explain this to us this is a digital currency it sounds a lot like crypto currency like bitcoin is it or is it different. it only sounds like it in every other way other than being a digital currency it's nothing like crypto currency it's more like facebook's libra because that's also not a crypto currency and the big difference is clearly the fact that you have the people's bank of...
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ben swan so ben how does this social distancing detector actually work. yeah it sounds like a terrible way to work doesn't mean the way this works is one side you have a live feed essentially of people going about their work working inside of a factory or work inside an office on the other side of a monitor you have essentially a different screen that is monitoring how close those people are from each other in a soon as somebody comes within 6 feet of another person the screen goes from green a little square around them from green to red and it shows you that they're too close to each other and this is already being deployed by the way in certain warehouses in a certain factories including foxconn you know the big developer of i phones the ones that actually manufacture and make i phones in china they are now instituting this is well as companies like amazon which have their own version of it where they are monitoring employees to figure out whether or not employees are in their words violating social distancing orders amazon has warned employees that you can be fired if you go within 6 feet of another employee oh no my word ok that's a bit much but ok i guess they're really trying to take this seriously so a number of companies are also buying thermal imaging equipment to screen workers temperatures maybe when they're walking in or what have you how much demand is there for this kind of technology right now. well it turns out there's actually a lot of demand there's 2 companies one called clear systems the other one is called seek thermal incorporated and apparently both of them are struggling they say to keep up with the demand right now for those thermal imaging cameras which again would be inside of office spaces and warehouses monitoring people's temperature as you walk by the cameras essentially looking at you and trying to determine whether or not you in fact have a fever and you're running a fever and by the way some of these companies you know as i mentioned amazon says that they're now employing thermal imaging cameras so they're not only monitoring it for social distancing amazon's also putting in these thermal cameras they have not said who they're using for this technology but those 2 companies i just mentioned fleer and seek thermal both of them saw that their stock price rise dramatically after amazon said they 'd are employing this because as amazon goes so goes so many other companies and then one step further on this as a chinese startup called rowe can i think develop some thermal imaging glasses since they launched in 2014 and we know how that's going to be used or they can be like like the google glass that nobody wears. well this is a little different than google glass but this is essentially thermal imaging glasses they say paramedics can there are these police officers can wear these and you're essentially wearing a thermal imaging camera on your face as you walk around and as you look at people you can determine they say whether or not that person has a fever but i want to remind you you know miguel it's very important to remember with all this insanity that's going on that so many people who contract coronavirus or cope at 19 are asymptomatic which hands you don't display symptoms so thermal imaging cameras will not tell you or someone is carrying a virus it only tells you if someone has a fever and i also remind people that just because you have a fever does not mean right you have coronavirus absolutely you might have a normal flu or a normal cold so given given this fact that i mean if people can buy these special glasses or. the technology to scan somebody just walking by them how does this impact our invade our civil liberties or does it invade us when if you're working for amazon is that a private company so therefore your liberties go out the door your sense of privacy and personal space. well so your your civil liberties don't go out the door because you work for amazon as much as jeff bezos might like that idea but here's what here's what does happen so under the $88.00 you kin be questioned about whether or not you're sick you can be sent home from a workplace if you're sick but you cannot be terminated for it you cannot be fired because you have a virus or any kind of illness you can't be fired for those reasons so under federal law that is not allowed however what amazon can do again is they can monitor you would watch you or in the case of someone like that warehouse manager who organized a strike a few weeks ago for amazon and then you violate the 6 foot rule so they say all of us and you can be terminated and so what you might watch out for are you know you're violating company policy because you're too close you're violating company policy because you came into work when you were ill and so you might have some of those issues coming up but you know the bottom line is again a lot of this is for lack of a better term stupid when you consider that so many people have already contracted this virus and again are asymptomatic or it's already run through their system the idea that this becomes a new normal or a new way of life for people i think just seems insane all the future futuristic x. ray vision glasses type thing that we're going down then a little creepy and i say yeah well leave it right there ben swan always appreciate your taking q. in the thanks. i let's head over to regina ham at the sports h.q. regina it looks like golf might be making at least a sort of quads i one day return yeah and we're totally going to get to that you know someone who might enjoy those x. ray glasses the boston red sox. scandal involving the boston red sox and he said astros shock to baseball world now boston finds out what punishments it has in store for major league baseball 2800 series champions are stripped of their 2nd round pick in this year's amateur draft for breaking video rules during their tipsy then and only commissioner rob manfred concluded red sox replay system operator j.t. . watkins revised science sequences for players he suspended out pay through the trying to a post season barred from the replay room and this carrot here for red sox manager outscoring he's also suspended for the 2020 season for who left houston for the boston job after the 27 season usually parted ways with the re
ben swan so ben how does this social distancing detector actually work. yeah it sounds like a terrible way to work doesn't mean the way this works is one side you have a live feed essentially of people going about their work working inside of a factory or work inside an office on the other side of a monitor you have essentially a different screen that is monitoring how close those people are from each other in a soon as somebody comes within 6 feet of another person the screen goes from green a...
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ben swan ok ben so explain this to us this is a digital currency it sounds a lot like crypto currency like bitcoin is it is it or is it different. it only sounds like it in every other way other than being a digital currency it's nothing like crypto currency it's more like facebook's libra because that's also not a crypto currency and the big differences clearly the fact that you have the people's bank of china which will be issuing this they don't even have a name for it yet they're calling it d.c. for digital currency or e.c. for electronic currency and essentially it would you know be set up as a digital currency but there's no privacy there's no way of not being tracked through it in fact the chinese government would not only be able to track everything you're doing with it but would have access to your bank accounts that you're putting these funds in to be able to monitor those bank accounts at all times so it's nothing like a crypto currency in terms of privacy or protection ok yet totally not crypto and bad is the the goal i mean what's the point here if there's no there if you can track everything better than you can with with paper money is the goal of this currency to eventually replace all that cash and paper money and for china to become like completely a digital currency society. well look i think the chinese will say and they are saying that it's not going to replace all cash you know things with remain the same it would just take some cash out of the system and move it into the system i don't believe that at all i believe that absolutely the long term goal here is to replace all cash 1st of all a lot of the asian countries are already nearly cashless societies they're much further ahead than we are in the west in terms of using digital payment systems and outs on their phones to pay for things with this system eventually you get to the point where yet people can't deal in cash at all and by trying to make cash as worthless as possible then you remove the kind of the black market element to it people avoiding taxation and government gets to control the currency supply to an even greater extent so i don't believe them when they say they don't want the whole system to go that way look the reality is the positive actual crypto currency is bypassing banks and peer to peer transactions but the negative side of digital currency is that government gets to own monitor and control all currency ok ok ben might my next question don't don't laugh but i got to ask this so if china's going to move forward with this type of digital currency then is america as answer to that going to have to be facebook's or what if what's the one that j.p. morgan chase is working on is going to be one of those that the j.p. quite know it won't be the j.p. coin because that's essentially set up to replace the swift banking system when you do transactions internationally it's not a silly question at all in fact it's a very serious question because i think that with facebook and i've been saying this is you know for some time that facebook's goal has been to be a central bank tool i think that's what the liberal was originally designed to be mark zuckerberg has never admitted that a lot of the groups that were part of the labor association have backed out of that but the only way libra ever becomes an actual player in the market is to align itself with the central bank the u.s. federal reserve. server of some
ben swan ok ben so explain this to us this is a digital currency it sounds a lot like crypto currency like bitcoin is it is it or is it different. it only sounds like it in every other way other than being a digital currency it's nothing like crypto currency it's more like facebook's libra because that's also not a crypto currency and the big differences clearly the fact that you have the people's bank of china which will be issuing this they don't even have a name for it yet they're calling it...
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back on march 28th joining us to discuss this investigative journalist and boom bust co-host ben swan so ben what do we know about what's inside this cares act do. well it's being developed right now there's a couple of things i'll get to that in the 2nd but let me just say this because there is some breaking news on this bill the. senate majority leader mitch mcconnell just came out this afternoon saying this that the additional amount of money needs to be put into the current care. that is 2 trillion stimulus dollars remember the cares i could self is divided into pieces $500000000000.00 is supposed to go to helping big businesses about $350000000000.00 will help small businesses and they'll be checks sent to individuals right remember all that well the $350000000000.00 part of it that goes to small businesses mcconnell came out just a few hours ago and said that that amount needs to be increased immediately so apart from this kind of 2nd version of the stimulus we know that the senate is already pushing very hard to get more money into the small business part of it as for who else would b
back on march 28th joining us to discuss this investigative journalist and boom bust co-host ben swan so ben what do we know about what's inside this cares act do. well it's being developed right now there's a couple of things i'll get to that in the 2nd but let me just say this because there is some breaking news on this bill the. senate majority leader mitch mcconnell just came out this afternoon saying this that the additional amount of money needs to be put into the current care. that is 2...
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ben swan and investigative journalists as well ben thanks for joining me and i appreciate you being there ready to go when we had a little technical issues there amazon has its own side to this story why are they saying smalls was fired. or that their reason is going to get him off the hook but they said that the reason why the. lady in the bases the. distancing guidelines that have been given to stay 6 feet away from people i suppose what amazon is trying to say that in this case by organizing a walkout he was physically closer to people than he should have been so that's essentially the claim that they're making saying that they gave him multiple warnings not some violate these guidelines and they say that. their best workers we can get at and it and chris smalling was caused that to be violated so that and the city led that walk out and no new york state attorney general efficient james called amazon's firing of small disk race full and said the office of the attorney general is considering all legal options as well as calling on the national labor relations board to investigate the incident what kind of injury issues could amazon face over all of this. well essentially i mean look depending on where this happens and obviously new york is a very union friendly state not saying that necessarily these workers are unionized but even so there are certain laws that protect workers and one of the laws that protect workers is essentially to prevent you from being fired if you go on strike if you are striking for the right reasons now keep in mind if you are striking for any reason at all and you say i'm as i'm going on strike let's do a strike you can be fired for that but if there are certain things like for instance if you believe that your employer or come the company that you work for is putting you in danger in harm's way you have the right to strike and to walk out that is what essentially this guy is saying chris moyles is saying is that amazon is putting workers in harm's way because they're not being forthcoming about infection they're not being forthcoming about which workers have contract to covert 19 and they are not keeping their workers safe and that is what he was saying when he led this walkout so the idea that amazon says oh yeah it has nothing to do with that i think most of us are smart enough to recognize that the real reason they got rid of him was he was causing problems for them and it's just another black eye for amazon at the moment brant i would remind you that amazon is trying very hard right now to remake its image in the midst of the coronavirus there's been a lot of talk about amazon being too big not work. and this is a moment what could actually look. is a. if it we've been doing the benefit to the cree and they've been bungling it so far and now better amazon has called the workers accusations completely unfounded and said that it has taken extreme measures to make sure employees are safe while on the job which has been a sure they face well before the coronavirus what do we know about steps the amazon either has or has not taken. well look what we know this we know that in at least 10 amazon warehouses there have been people who are working in those warehouses who have contract id the coronavirus 1000 we know amazon in most cases according to worse has notified warehouse employees instead in between shifts they're going in and they're cleaning the warehouse areas that there was you know. 6 feet apart and that keeps everyone safe but we weaved even on the. workers from those where the house say that they are look earning actions on their social media from faith or from local news or not from amazon management and as i said last week and i would reiterate it today it shows a lack of respect on the part of amazon to not be forthcoming with workers to not tell them what's going on in the midst of this crisis right now amazon is actually trying to hire 100000 new workers to come in and work inside of its warehouses because as i said this is a moment that requires a huge response and amazon you would think would be the company that could provide the response necessary for getting people goods and so far they have not treated their workers correctly they seem to bungle the relationships along the way and simultaneously they are not really you know forthcoming with those employees treating them instead like cogs instead of like people it's fascinating that we're going to keep an eye on as you see more and more people during these lockdowns are going to need services like amazon like instict are and i was in those other companies and the fact is they have to protect their workers and treat them right for sure but us co-host an investigative journalist ben swan thank you for joining us. and as the krona virus pandemic continues to decimate the travel and leisure sector air b.n. b. is offering some relief for their users now the u.s. based home rental company is allocating $250000000.00 to mitigate losses by hosts whose guests have canceled bookings due to the pandemic their funds will be used to pay host 25 percent of their typical cancellation fees the aid is being offered in every $1.00 of air b.n. b. $191.00 countries with the exception of china now the company previously announced guests would receive a full refund for cancellations of reservations that between the 14th of march and the 14th of april according to a letter from the c.e.o. brian chesky payments will start going out to hosts in april. and finally as the world continues to deal with this crisis people throughout the world have come together unfortunately there are still some bad actors out there in the early hours on monday a painting by vincent van gogh was stolen from
ben swan and investigative journalists as well ben thanks for joining me and i appreciate you being there ready to go when we had a little technical issues there amazon has its own side to this story why are they saying smalls was fired. or that their reason is going to get him off the hook but they said that the reason why the. lady in the bases the. distancing guidelines that have been given to stay 6 feet away from people i suppose what amazon is trying to say that in this case by organizing...
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ben swan who's following this for us ben bring us up to date what's the latest. has so many updates for you but if i could just speak really quickly to that bryan kim story you started off with the reason the governor of georgia had to make his statement acting like there was no information rick i'm here in atlanta is because the city of atlanta the largest city here and this is the capital of the state has already had a lockdown in place for over a week and the governor refused to institute one for the rest of the state that's why he had to act like there was new information because he was backtracking with the fact that he said he wasn't in the locked up of course information was not new information it's not new information at all it's something that we've known that now for weeks literally weeks here's some new information though for you ok number one the corona virus has now surpassed the number of 1000000 people infected worldwide it happened about a half hour ago that number officially has been logged now 1000000 people infected worldwide about 47000 people have died from the corona virus worldwide but that is a it is certainly a milestone and of course at this point as you know rick numbers are somewhat meaningless because in the infected numbers of just the numbers we know of meaning there's more test now so we're getting more numbers the numbers of actually doubled in a week ok it's good to know. here's another one for you take a look at this video los angeles police department speaking of lockdowns responding to a birthday party about 40 people showed up to a birthday party in l.a. and a line of police officers shows up to disperse the crowd threatening to arrest people if they do not leave now you know there's a lot of questions about lockdowns the constitutionality of them whether or not that should be happening at all the idea is that no more than 10 people gathered in a public place certainly but this is not a public place this was in a private home and it was a birthday party and yet the response from police in this video rick it's. stunning is one thing to call it an over use of power and abuse of power people being you know marched backwards by police officers and they get a line of police officers at one point they have up their night sticks you know respond. to a riot and it's a group of family members all 40 people who showed up for a birthday party in los angeles you know here's the balancing 1st of all the police have really kind of nothing to do right now not only in los angeles but anywhere else so that's not a good thing i well i know i get it there's nothing you know that you go out there there's nothing going on there's not even cars to give tickets to but this this this balance that we have to find between civil liberties and the violation of perhaps civil liberties and making sure we're all healthy i don't know where that line is yet i don't know where it is i don't know i really don't i think a lot of people are debating it right now and you know some of us the think that the lines already been crossed but speaking of which so could a scene like this come to a town near you and the reality is some of the new information coming out says absolutely the c.d.c. is now saying along with dr tom friedman the director for the c.d.c. saying that every city in the country is now in danger of becoming a hotspot of the coronavirus that no matter how big or how small if you do not abide by the lockdowns that you are cities in danger of being over well that's what we're being told so i think we're going to see more tension between this idea of civil liberties and constitutional rights versus what public health directors are telling us as the days and weeks wear on reza long as well as long as we don't get to the point where 'd we reached due to our days level in the philippines which was give it to our audience go ahead ben he said he tells police let's just shoot i'm sure you should i'm odd shoot him dead that's right ben thank you so much for that report well good stuff thanks the host of the world according to jesse here on our team america joining us fresh from a well deserved it says a governor jesse ventura so here's the i have to ask you because you were a governor a damn good one i think and there's a governor now in georgia and there are been others but this particular governor in georgia i don't know if you caught the top of our story said he just now found out that people who are not. symptomatic can actually spread the disease what do you make of that. well and make rick obviously the guy was asleep at the wheel. that's the only thing i can say i mean i just came back from mexico where i live an hour from pavement and an hour from electricity i have no television contact i live it's remotely as you possibly can and even though i do this new this all the way down to mexico off the grid an hour
ben swan who's following this for us ben bring us up to date what's the latest. has so many updates for you but if i could just speak really quickly to that bryan kim story you started off with the reason the governor of georgia had to make his statement acting like there was no information rick i'm here in atlanta is because the city of atlanta the largest city here and this is the capital of the state has already had a lockdown in place for over a week and the governor refused to institute...
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businesses so joining us to discuss the best co-host and investigative journalist ben swan over at the update desk ben as so 1st let's start with the senate voting on more funds for small businesses how much are we talking here well we were talking about to another $250000000000.00 which would mean that that particular part of the cares act the small business portion of it would be worth about $600000000000.00 so essentially senate majority leader mitch mcconnell wanted to bring this to the floor today get a quick vote on it and just put more money into the program the problem is it went nowhere this whole thing's stalled out because essentially mcconnell said i'm just asking you guys to change that 300000000000 to 600000000000 essentially it's just basically erasing the 3 and replace it with the 6 but democratic leaders said no that they wanted to have more oversight over the program and add some additional changes to how the program is being run so far and because of that the 2 sides came to a stalemate and nothing got done so that's very bad news and that update coming in just a few minutes ago i g
businesses so joining us to discuss the best co-host and investigative journalist ben swan over at the update desk ben as so 1st let's start with the senate voting on more funds for small businesses how much are we talking here well we were talking about to another $250000000000.00 which would mean that that particular part of the cares act the small business portion of it would be worth about $600000000000.00 so essentially senate majority leader mitch mcconnell wanted to bring this to the...