Markets are trembling across the globe as the trade war has broken into the currency realm. Richard Wolff, Professor of Economics Emeritus at the University of Massachusetts Amherst is on hand to toil through the escalating tensions. Plus, following rate cuts from the ECB and Federal Reserve, several banks across Asia are following suit with cuts of their own. But what does this mean, not only for Asia, but the global market? Steve Keen, author of "Can We Avoid Another Financial Crisis?" joins us to answer that very question and more. #BoomBust #QuestionMore #RTAmerica Follow us on Twitter: https://twitter.com/RT_BoomBust Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=KAwD809fmRU

There is no question that the US economy is improving. However, as the economy improves it’s become clear that Americans are borrowing to pay for purchases. According to a survey released on Monday by Bankrate.com, 37% of American’s have credit card debt that is equal or greater than their emergency savings. Erin weighs in. Then, Erin is joined by James Galbraith – professor of government at the University of Texas in Austin and author of “The End of Normal.” James tells us about his recent trip to Greece alongside former colleague and current finance minister Yanis Varoufakis. Galbraith gives us an inside view into the apparent dysfunctionality that reigns at the highest levels of European institutions. He also says that the mood in Athens had changed demonstrably due to Syriza’s election. But many hurdles remain as the recent agreement details are hashed out. After the break, Erin sits down with George Magnus – former chief economist at UBS and author of “Uprising: Will Emerging Markets Shape or Shake the World Economy?" George tells us that trust between the Greek government and the EU has broken down. In fact he believes that the trust issue goes beyond Greece to the whole southern periphery of the Eurozone. While the Greek government’s interim loan extension has bought it time, Magnus believes Greece will not be able to repay its debts under the current policy framework. That sets up a problem for negotiations for what would effectively be a 3rd bailout down the line. George also weighs in on why he is cautious on European asset markets despite some modest improvement in the economic outlook. And in The Big Deal, Erin and Edward Harrison discuss Greece and Europe. The shocking level of dysfunction in European institutions and the inability for Greece to repay its debts make June a date when the proverbial stuff will hit the fan. 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=5uO3yNaztQ0

A website called Ashley Madison – a dating portal that enables spouses to secretly arrange extramarital affairs – was targeted by an anonymous group known as the “Impact Team” and they’ve threatened to release the personal information of the 37 million users, unless the website goes offline. Meanwhile, the University of California, Los Angeles is still dealing with its own cyber breach. A months-long attack on the university hospital system has put the personal information of 4.5 million people at risk. Ameera David weighs in. Then, Ameera is joined by Marshall Auerback – research associate at the Levy Economics Institute. Marshall tells us what he thinks of French President Francois Hollande’s assertion that all 19 countries in the euro should have their own government, budget, and parliament and gives us his take on the best ideology for the Eurozone moving forward. After the break, Bianca Facchinei takes a look at the emergence of mobile technology and hacking, in light of a recent shooting in British Columbia. A man associated with the hacking group Anonymous was shot dead by police last week, and it wasn’t long before multiple police websites were down. Afterwards, Ameera sits down with Erin Ade to talk about health care and how personal genetic information is the new frontier of client-sharing data. And in The Big Deal, Ameera and Edward Harrison discuss the latest news in tech, with an emphasis on disintermediation of the existing revenue model for broadcasters which until now has been heavily weighted toward cable television distribution. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns ... https://www.youtube.com/watch?v=tjPbywKzKQU

Well, the Greek bailout deal now has its second stamp of approval! On early Thursday morning, at 4:00 AM local time, members of parliament passed a second set of reforms they needed to approve in order to move forward in negotiations on a new €86 billion deal. The reforms included changes to the Greek banking system along with an overhaul of the judiciary system. Ameera David weighs in. Then, Ameera is joined by Steve Hanke – professor of applied economics at Johns Hopkins University and director of the Troubled Currencies Project at the Cato Institute. Steve gives us his take on how influential quantitative easing in the Eurozone will be and tells us why he thinks MBA programs are essentially a waste of time. After the break, Bianca Facchinei takes a look at a recent settlement between the government and Honda over discriminatory lending. The Japanese auto company allegedly hiked up interest rates on loans to thousands of black, Hispanic, Asian, and Pacific Islander buyers. Afterwards, Ameera and Erin Ade discuss the European Union’s decision to launch an antitrust case against six major US movie studios and British satellite broadcaster Sky UK, in a move that could profoundly shake up the highly lucrative pay-tv market. And in The Big Deal, Ameera and Edward Harrison talk about Canada. The Canadian economy has softened this year and talk of a recession is rife. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns ... https://www.youtube.com/watch?v=eEvkyYXZ4VM