[869] A closer look: Illinois’ budget and OPEC’s cuts
We’re breaking down the headlines today on Boom Bust! Bianca Facchinei is taking us to Illinois as their government draws closer to their budget deadline with no clear budget established. Meanwhile, the President’s new revised travel ban lets your step-sister in but not your grandmother? Clean coal feels the heat as a flawed plant switches to burning gas instead. Chris Martenson joins us to dissect the state of oil and the current state of the credit impulse while Lionel is back to talk about the AT&T/ Time Warner merger deal. That and more today on Boom Bust.
Janet Yellen wasn't "yelling" during her nomination hearing yesterday as next head-of-the-Fed. We'll tell you all about it.
Plus former lobbyist Jack Abramoff sits down with Erin in studio to discuss the ramifications, and recourse of campaign contributions.
And finally Rachel Kurzius joins us to discuss JP Morgan's massive social-media blunder. #Don'tDoIt! That's in today's Big Deal.
Check us out on Facebook
http://www.facebook.com/BoomBustRT
Follow us @
...
https://www.youtube.com/watch?v=nXqD7VPRAfQ
Brent crude crashed below $40 a barrel for the first time in nearly seven years on Tuesday in a further decline from Monday’s losses. Ameera David weighs in. Ameera also highlights the cut in forecasts for growth in France, all due to the Paris terror attacks that. Then, Ameera sits down with international investor and acclaimed author Jim Rogers about how he is positioning himself during this major decline in oil, gold and commodities prices.
After the break, Ameera and RT correspondent Manuel Rapalo discuss Democratic presidential frontrunner Hillary Clinton’s proposal for a new ‘Exit Tax’. Afterwards, we follow up on to the conversation on the US economy between Ameera and Dean Baker, co-founder of the Center for Economic and Policy Research. And in The Big Deal, Ameera and Edward Harrison discuss the collapse in the issuance of emerging market debt.
Check us out on Facebook -- and feel free to ask us questions:
http://www.facebook.com/BoomBustRT
https://www.facebook.com/harrison.wri...
https://www.facebook.com/erinade2020
https://www.facebook.com/biancafacch
...
https://www.youtube.com/watch?v=GbtTyYkCpnk
Lufthansa pilots are prepping for yet another strike, with the company already cancelling thousands of flights in anticipation. Plus, tensions are high in Italy’s financial sector as the country prepares for a pivotal referendum that could force the removal of Prime Minister Matteo Renzi. Edward Harrison has the details. Then, Polly Boiko reports from Paris on Francois Fillon’s surprise win in the Republican presidential primary, and Marina Portnaya takes a look at Miami’s reaction to the death of Cuban leader Fidel Castro. Afterwards, Bianca Facchinei examines the latest legal trouble for ride-sharing company Uber, which is set to defend itself before the European Union’s high court.
Following the break, Dean Baker, author or “Rigged” and co-founder of the Center for Economic and Policy Research, tells Edward how he thinks free trade deals can be made fair for all. And finally, in The Big Deal, Tabetha Wallace breaks down retail sales numbers from the Thanksgiving holiday weekend.
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.facebook.com/biancafacch
...
https://www.youtube.com/watch?v=Q65izKI6nJs
As the Dow hits 22,000 and friend of the show Bart Chilton, the former U.S. Trade Commissioner, joins us on our show to break it all down.
Follow us on Twitter:
https://twitter.com/RT_BoomBust
https://twitter.com/LindsayFrance
https://twitter.com/BiancaFacchinei
Check us out on Facebook -- and feel free to ask us questions:
http://www.facebook.com/BoomBustRT
http://www.facebook.com/LindsayDaleFrance
...
https://www.youtube.com/watch?v=6Wu6mfxw5Q8
Our lead story: Yes, quantitative easing is over. The Fed began reducing the amount it purchased last December and on Wednesday announced it would end its long-running bond purchasing program. And while this closes the door on this particular round of quantitative easing, it is far from clear what will come next. Erin weighs in.
Then, Erin is joined by Axel Merk – president of Merk Investments – to talk about the Fed, Europe, and oil. After the Fed ended its third round of large scale asset purchases (aka QE), the equities market and US government yields backed up. Going forward, Axel believes more volatility may be in store as risk premia increase and the market adjusts to a new world without the Fed’s interventions.
After the break, Erin sits down with Steve Keen, head of the School of Economics, History, and Politics at Kingston University. Steve tells us about his book, “Debunking Economics,” now coming in a more accessible graphic art form. And he explains how to make finance and economics jargon more understandable to the general public. Steve also has a thing or two to say about the intersection of asset price inflation and economic growth.
And in The Big Deal, Erin and Edward Harrison continue the discussion on the Fed and try to make the connection to economic growth and the real economy. Take a look!
Check us out on Facebook:
http://www.facebook.com/BoomBustRT
...
https://www.youtube.com/watch?v=O-AFmeP19mE
Fintech is big business, but what will the future hold? We're talking to Henri Arslanian to find out!
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=jNZPbAcPaTY
Debbie Bloyd joins host Bart Chilton as they discuss what’s happening in the global and domestic housing markets. Airlines are doing what they can to profit off of their customers; Gary Leff joins Boom Bust to discuss. Ashlee Banks reports on the largest telecommunications companies in the world.
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=4dG2t5MoeYo
The British pound dropped to a three-week low as support for Brexit grew and Janet Yellen keeps a hike on the table, despite a dismal May jobs report. Ameera David reports. Then Ameera talks to Steve Hanke, Professor of Applied Economics at Johns Hopkins University. Steve makes the bull case for oil. And he sees the commodity going to $60 a barrel.
After the break, Boom Bust’s Bianca Facchinei details how the US college loan glut is worrying US policy makers, with some experts seeing echoes of the housing crisis. Then RT correspondent Peter Oliver joins the show, with a report out of Europe on the Swiss vote on instituting universal basic income. And in the Big Deal, Edward Harrison and Ameera discuss Janet Yellen’s view of the US economy in the context of the most recent economic data.
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.facebook.com/biancafacch
...
https://www.youtube.com/watch?v=bv3ZXTO4ULI
U.S. President Barack Obama met with Greek Prime Minister Alexis Tsipras, beginning his final European tour as America’s leader. Ameera David has the details. Then, Bianca Facchinei takes a look at a new report from JP Morgan raising doubts about the sustainability of the so-called ‘gig economy.’ Afterwards, Manuel Rapalo joins to break down what happens now that SEC Chair Mary Jo White is stepping down, and President-elect Trump will get to decide on her replacement.
Following the break, Jim Rickards, author of the new book “The Road to Ruin,” tells Ameera what he thinks could happen under a president Trump, and where interest rate are heading. And finally, in The Big Deal, Edward Harrison examines Italian polls showing Prime Minister Matteo Renzi losing ground and potentially facing a loss in the country’s upcoming referendum.
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.facebook.com/biancafacch
Follow us @
...
https://www.youtube.com/watch?v=bhhV_rcLYVI