Monday and we’re back! Saudi Arabia vows to cap oil exports why the inflation rate has the Fed worrying. Taxes; can’t live with them and can’t get rid of them. However, Connor Brantley and Ed Martin are taking on this issue as we examine tax reform from both sides of the aisle as the Republican healthcare bill falters. Alex Mikhailovich talks NAFTA as friction increases between the US and Canada. Finally, the Lionel of Lionel Media takes aim at the malls of America as many are shuttered. That and more today on Boom Bust.
China's cooling housing market is on the edge as the Evergrande Group is facing $300 billion in debt. Boom Bust's Ben Swann and Christy Ai both lend their insight to the fragile sector and offer their forecasts. (0:52) And U.S. retail sales rallied in August, but is the trend here to stay? Michael Pento offers his take on the latest figures and what it could mean for the world's largest economy. (16:54)
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NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez
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In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW
Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress
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This past week, the Federal Reserve published its much-anticipated annual stress test, detailing which big banks could sustain themselves, if and when, another global financial crisis occurs. Now, while no US bank outright failed the test, some of the biggest names on Wall Street struggled to pass and the US units of two foreign banks failed. Erin weighs in.
Then, Edward Harrison is joined by Axel Merk – president and CIO of Merk Investments. Axel gives us his take on Fitch Ratings downgrading Austria to an AA+ rating and tells us where the situation in Greece is headed.
After the break, Boom Bust producer Bianca Facchinei takes a look at how obesity has affected the national and global economy, from rising health care costs to more expensive transportation. Afterwards is Defining Moments, including comments from Michael Hudson, David Beckworth, Lockhart Steele, Marin Katusa, and more.
And in The Big Deal, Erin and Edward discuss the impact of the strong dollar on the economy, financial markets and the Fed’s desire to raise interest rates. Take a look!
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Major tech firms in the US are feeling the heat as leading congressional figures are unveiling legislation to take on the new-age giants. And, the United Kingdom is taking a pioneering new step in the fight against COVID as the nation will be the first to test mixed vaccine doses. This comes as Treasury Secretary Janet Yellen has claimed she wants to “understand deeply” the GameStop trading dust-up as the United States' top economic leaders meet to discuss the recent developments.
#BoomBust #QuestionMore #RTAmerica
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NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez
News with Rick Sanchez: https://bit.ly/NRSSHOW
It’s her take on all things political and she presents ALL the angles: News.Views.Hughes with Scottie Nell Hughes, NVH: https://bit.ly/NVHSHOW
What’s your NEWS IQ? Give us 30 minutes, and we’ll take you across the globe!
In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW
Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress
Candid conversations with the most outspoken guy in Hollywood! Dennis Miller + One! Dennis Miller Plus One: http://bit.ly/DennisMillerPlusOne
Let our TV time-machine bring you the week’s highlights and a closer look at the BIGGEST stories, Just Press Play: http://bit.ly/JustPressPlayShow
Yep, it’s Gov. Jesse Ventura and you’re living in his WORLD! Come along for the ride.
The World According To Jesse: http://bit.ly/WATJSHOW
They’re watching you. Are you watching them? Are you WATCHING THE HAWKS?
Watching The Hawks: http://bit.ly/WTHSHOW
Do you keep missing the forest for the trees? Let Holland Cooke show you the Big Picture, The Big Picture: http://bit.ly/TheBigPictureShow
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Eat The Press:
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Dennis Miller Plus One:
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Just Press Play:
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The World According To Jesse:
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Watching The Hawks:
https://www.youtube.com/channel/UCbiFt3UdxX7LxferwDmuegQ
The Big Picture:
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...
https://www.youtube.com/watch?v=KLqRueZ9jp4
Although cyber security has become a major part of national security, a recent report highlighted the US government's struggle to retain enough security professionals to prevent future attacks. Boom Bust correspondent Bianca Facchinei traveled to the annual Black Hat conference in Las Vegas to find out more.
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We talk about the markets picking up again after world wide losses. Steve Keen, crowdfunded professor of economics on Patreon talks to Boom Bust about these market gains and losses. Then we turn over to RT’s Sara Montes de Oca in China who sat down with Huawei’s VP of Strategy to discuss allegations that the company was spying on African political opposition figures. Plus, rumors are spreading that Boris Johnson is planning on a surprise August Brexit. Hilary Fordwich joins the show to discuss.
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The Volcker Rule, which protects consumers from super risky investments by their banks is facing major changes and rollbacks! Bartlett Naylor from Public Citizen joins us to discuss why the Volcker Rule is so important. Boom Bust is also covering automation as fast food king McDonalds cuts workers jobs and Alex Mihailovich sums up tariffs and the North Korean Summit. That and more on Boom Bust! [1094]
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Our lead story: Well, it’s official: Comcast is scrapping its plans to merge with Time Warner Cable in a $45 billion deal. It’s a deal that would have combined the country’s two largest cable and broadband providers. The move comes two days after the Federal Communications Commission said it planned to push back on the merger, while joining lawyers from the Justice Department who felt it would do consumers a disservice. Boom Bust guest host Ameera David weighs in.
Then, Edward is joined by Andrea Terzi – professor of economics at Franklin University Switzerland and research associate at Levy Economics Institute of Bard College. Andrea talks to us about his recent talk at an INET conference in Paris on how debt and savings are integrally connected in our money system. His view is that attempts to reduce debt without a recognition that doing so also reduces savings are destined to have unintended consequences. Terzi also argues that growth during periods of fiscal restraint can only be facilitated by an increase in net exports or an increase in private debt. Andrea also has a few comments about Iceland as a model.
After the break, Bianca takes a look at presidential campaign fundraising and spending over the past two election cycles. Though only four people have announced their candidacy so far, some fundraisers are predicting the next election could cost $5 billion.
Afterwards, Erin is joined by Steve Keen – Head of the School of Economics, History & Politics at Kingston University. Steve tells us how exactly the Eurozone is flawed and gives us his take on whether the Eurozone can ever be an optimal currency zone. Keen believes that making the Eurozone an optimal zone necessarily involves a loss of national sovereignty. He believes that if Europe doesn’t become a veritable United States of Europe, the prospect for the economies and for households in many Eurozone countries is grim.
And in The Big Deal, Ameera and Edward discuss Iceland as a model for dealing with financial crises.
...
https://www.youtube.com/watch?v=4DLAQnQSuQY
In an effort to find the cash necessary to keep his country afloat, Greek Prime Minister Alexis Tsipras ordered local governments to move their funds to the central bank on Monday. According to people familiar with the decision, the decree to confiscate reserves – now held in commercial banks – and transfer them to the central bank could raise about €2 billion. With negotiations over bailout aid currently deadlocked, Tsipras very much needs cash for salaries, pensions, and a repayment to the IMF. Erin weighs in.
Then, Erin is joined by Richard Heinberg – senior fellow at the Post Carbon Institute and author of “Afterburn: Society Beyond Fossil Fuels.” Richard tells us why it matters that conventional oil production peaked. He also opens on whether the glut in output from tight oil formations is going to last and what impact that situation will have on oil prices over the next two years.
After the break, Bianca gives us a news update on other business headlines of the day including earnings, the California drought, and corporate tax reform.
Afterwards, Ameera sits down with Bryan Caplan – professor of economics at George Mason University and blogger at EconLog. Bryan explains his frustrating with voting and gives us his take on why a surprising number social science professors identify with Marxism.
And in The Big Deal, Erin and Edward discuss China’s slowing economic growth.
...
https://www.youtube.com/watch?v=53uoeUCXmoM
Ameera and Edward Harrison discuss the latest on Greece, concentrating on the role of the European Central bank.
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