On Tuesday, Telecom giant Verizon announced that they are buying AOL for $4.4 billion. The deal now turns the biggest wireless carrier in US into a leading provider of content for web and mobile platforms. Verizon believes that video will be a primary driver of demand for its wireless network in the years to come. The all-cash deal values AOL at $50 a share – that’s a 23% premium over the company’s three-month volume-weighted average price. Erin weighs in. Then, Erin is joined by Alex Daley – chief technology investment strategist at Casey Research. Alex gives us his thoughts on the Verizon/AOL deal and how it will impact the current digital media landscape and tells us if FitBit will see further success. Afterwards, Erin sits down with RT correspondent Lindsay France. Lindsay tells us about one woman’s fight against her employer after deleting a GPS tracking application on her smartphone and explains the legal protections set up to protect employers from issues. After the break, Bianca gives us a daily news roundup of other major business headlines of the day including Greece’s recent payment to the IMF, the Australian government taking action against companies for tax avoidance, and so-called killer robots in America. Then, Erin is joined by Patrick Chovanec – managing director and chief strategist at Silvercrest Asset Management. Patrick talks to us about global liquidity and gives us his take on how the Chinese economy is doing. ... https://www.youtube.com/watch?v=HgZ0N9mCr6E

North Korea’s cyber espionage programs are some of the oldest in the world, starting all the way back in the 90’s. Ross Rustici from Cybereason briefed members of the U.S. Congress on what kind of threat the North Korean’s truly pose. Countries face impending droughts; crop shortages in the US; and ads are getting the axe! That and more on Boom Bust! [1036] Follow us on Twitter: https://twitter.com/RT_BoomBust https://twitter.com/bartchilton?lang=en Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=08v40yAdxsw

Professor James Galbraith teaches Economics at the University of Texas and is the son of John Galbraith, author the Great Crash of 1929, a must-read for economic historians. When BOOM BUST spoke to him in November, our interview sparked huge interest, but also questions about national solvency and sovereign default. When and how exactly does national solvency become an issue? This video covers that ground and Dr. Galbraith also speaks to his book "The Predator State" which tackles the theme of corporatism impeding government from executing its public purpose. Also, Erin Ade and Edward Harrison team up to discuss government waste -- with some stunning examples of waste that has cost taxpayers tens of billions of dollars. Also check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT Follow us @ ... https://www.youtube.com/watch?v=K1W0cz0etIM

In 2009, then-California Governor Arnold Schwarzenegger mandated a plan by which Californians getting tax refunds and other vendors owed money by the state received IOUs instead of US dollars. Why is this relevant in 2015? Apparently former Greek finance minister was tasked to do the same thing for Greece, using the California experience as a model. Boom Bust’s Edward Harrison weighs in. Then, Edward is joined by Marshall Auerback – research associate at Levy Economics Institute and fellow at Economists for Peace and Security. Marshall tells us why Chinese stocks are falling and gives us his take on if we’re seeing capital flight out of China. After the break, Bianca Facchinei takes a look at the concern over the health of US stock markets as gains stumble. According to JonesTrading, only six companies including Amazon, Apple, Facebook, Netflix, and Gilead make up over half of the value gains of the Nasdaq from this year. Afterwards, Edward is joined by Erin Ade to talk about Israeli drug maker Teva Pharmaceuticals agreeing to acquire the generic drug division of Allergan for $40.5 billion in cash and stock. And in The Big Deal, Edward and RT correspondent Manuel Rapalo discuss the federal probe into the practices of 5 major US airlines after allegations of price gouging following the deadly Amtrak train derailment in Philadelphia this May. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=KhAm1WO52NE