the us tax cuts to lend us is able hand we are joined by american university professor donald williamson professor thank you for coming back we sure appreciate it thank you ok so we got to do this a little bit but i was so taken by our conversation let's do this more so glad you're here and the main question i have is book we know that a lot of these companies have taken the benefits and used it for stock buybacks one do you agree that's the case and is that a bad thing yes it is the case i don't think when congress passed the law they anticipated that to occur but it has occurred and the bottom line is what will those shareholders do with the money they received on the buy backs will they invest in capital intensive activities as was the intent of the bill or will they spend it on vacations or even worse maybe just take it overseas and hold it there for an vacations to spend it but i guess to get us airfare to get to get out you know i mean people expected that they were going to take this money and invested in new manufacturing and capital intensive things but that doesn't appear to be

the us tax cuts to lend us is able hand we are joined by american university professor donald williamson professor thank you for coming back we thank you ok so we got to do this a little bit but i was so taken by our conversation let's do this more so glad you're here and the main question i have is look we know that a lot of these companies have taken the benefits and used it for stock buybacks one do you agree that's the case and is that a bad thing yes it is the case i don't think when congress passed the law they anticipated that to occur but it has occurred and the bottom line is what will those shareholders do with the money they received on the buy backs will they invest in capital intensive activities as was the intent of the bill or will they spend it on vacations or even worse maybe just take it overseas and hold it there for an vacations spend it but i guess to get us airfare to get to get out yeah i mean people expected that they were going to take this money and invested in new manufacturing and capital intensive things but that doesn't appear to be the case but as you say i

far with the executive director of the oh god to act center at american university professor donald williamson all that straight away and other jam packed broadcast but first we get to a few headlines as the summer of twenty eight thousand continues to roast the earth's northern hemisphere there is some big and not so great news on climate coming out of the united states the head of the trump administration's u.s. environmental protection agency or e.p.a. andrew wheeler signed a plan to allow increased greenhouse gas emissions from coal fired power plants the plan cynically titled the affordable clean energy rule rolls back president obama's clean power plan and delegate power to reget to various states to regulate coal states of course are expected to go easy on coal under the trump plan allowing a net increase of the emissions that are quickly changing our world for the worse but technical analysis behind the rule shows that an additional fourteen hundred people will actually perish will die by twenty thirty if the plan is adopted group seeking to keep the planet viable for human beings woul

again we'll talk about what's next with american university professor donald williamson all that ahead but first we had a few headlines and the troubles ministration has moved yet again on the terror front this time targeting turkey president trump tweeted this morning that he had authorized a doubling of previously announced tariff on aluminum and steel to ten and fifty percent respectively on turkish imports of those key industrial metals mr trump's tweet also referenced the turkish lira slide the lear is a value on currency trading markets fell over eighteen percent as measured against the dollar after president said quote we are facing economic attacks today and we need to defend our country prompting mr trump's tariff raising tweet bloomberg reported this morning that the turkish lira is now the worst performing currency of twenty eight team edging out the argentine peso and it may have farther to fall as the end of the easy credit era continues to deflate the turkish economy mr trius latest international confrontation was prompted by the white house imposition of sanctions on tur

far with the executive director of the coast guard to act and at american university professor donald williamson all that straight away and other jam packed broadcast but first we get to a few headlines as the summer of twenty eight thousand continues to roast the earth's northern hemisphere there is some big and not so great news on climate coming out of the united states the head of the trump administration's u.s. environmental protection agency or e.p.a. andrew wheeler signed a plan to allow increased greenhouse gas emissions from coal fired power plants the plan cynically titled the affordable clean energy rule rolled back president obama's clean power plan and delegate power to reget to various states to regulate coal states of course are expected to go easy on coal under the trump plan allowing a net increase of the emissions that are quickly changing our world for the worse but technical analysis behind the rule shows that an additional fourteen hundred people will actually perish will die by twenty thirty if the plan is adopted group seeking to keep the planet viable for human beings wou

and their kids with human rights activists and car davidson and american university professor donald williamson joins us to talk about what's next for us tax cuts and your break here are the numbers the closing bell on stocks dow jones nasdaq and s. the thief all down by close just seven percent today and bitcoin is on the slide going into the weekend dropping more than two percent over the past twenty four hours back in a flash. ah ah. ah. both. of us. last time we chased. each one of them carrying twenty kilos of drugs. i don't know. right. now. is a. secret indeed priests accused of sexually abusing children can get away with it literally like to call this to do graphic solution so what the bishop needs to do then he finds out that the priest is a perpetrator is simply moved to a different spot where the previous standard was not known highest ranks of the catholic church conceal the accused priests from the police and justice system to that is as old as the eye and then i include that it used to seattle. i. welcome back a quick note if the markets were down point seven percent seven percent

far with the executive director of the oh god to act center at american university professor donald williamson all that straight away and other jam packed broadcast but first we get to a few headlines as the summer of twenty eight team continues to roast the earth's northern hemisphere there is some big and not so great news on climate coming out of the united states the head of the trump administration's u.s. environmental protection agency or e.p.a. andrew wheeler signed a plan to allow increased greenhouse gas emissions from coal fired power plants the plan cynically titled the affordable clean energy rule rolls back president obama's clean power plan and delegate power to reget to various states to regulate coal states of course are expected to go easy on coal under the trump plan allowing a net increase of the emissions that are quickly changing our world for the worse but technical analysis behind the rule shows that an additional fourteen hundred people will actually perish will die by twenty thirty if the plan is adopted group seeking to keep the planet viable for human beings wouldn't

more like those infomercials right wait there's more here is because america never suppressor donald williamson professor thank you so much it's great to meet you in a preacher your being here with us thank you i want to start actually not on that we're going to get to it but earlier in the program we were talking about the u.s. debt and jeffrey small has been with us before did a great job of explaining one perspective but he was not suggesting that there was a big problem that it was so large what's your view you when you look at the stuff all the time i'm not an economist part biomechanics accountant by trade and this last tax bill the tax cut and jobs act was passed last the deborah and the one and a half trillion dollars to our debt. it and the topic we're going to discuss will add another one hundred billion dollars to our debt once your debt starts to reach five or six percent of your g.d.p. things start to happen in terms of the value of our paper and whether people continue to loan money to us so i'm very concerned about our national debt not for you and me necessarily but for our chil