As the supply of marijuana goes up, it’s driving down price which is also driving down tax revenues, Manuel Rapalo explains. And Donald Trump is already showing a lot of pull over Congress, even before he’s sworn into office. Lindsay France discusses the power of Trump tweet with former lobbyist Jack Abramoff.
German gas giant Linde and America's Praxair have agreed to a merger, potentially creating the world's largest industrial gas supplier. Lindsay France breaks down the deal.
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Aircraft maker, Boeing slashes 4,000 jobs in its bid to stay competitive. And the FTC slams Volkswagen with a lawsuit over deceptive diesel claims. Ameera David reports. Then, Max Wolff, Chief Economist at Manhattan Venture Partners, tells Ameera how despite Apple’s avoiding a big court battle with the US government, it has new challenges to grapple with.
After the break, RT Correspondent Manuel Rapalo tells Ameera about the demographic challenges facing many countries now and in the future. Then Edward sits down to talk about the effectiveness of monetary policy with James Galbraith, Chair in Government and Business Relations at the University of Texas-Austin. And in The Big Deal, Ameera and Edward discuss how monetary policy may be to blame for the US dollar’s worst month in six years.
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US job numbers came out on Friday and showed employers added 295,000 jobs in February while the unemployment rate dropped to 5.5%. The declining unemployment rate – from 5.7% in January to 5.5% in February – took unemployment to its lowest level since May 2008. This significantly beat Wall Street’s expectations; economists were anticipating the payrolls to rise by only 240,000 jobs. Erin weighs in.
Then, Erin is joined by David Beckworth – assistant professor of economics at Western Kentucky University and adjunct scholar at the Cato Institute. David tells us why a one-size-fits-all interest rate policy works in the US but not Europe and gives us his take on why the Fed has kept rates at zero despite an improving economy. He also explains that the Taylor Rule would say the Fed’s policy stance right now is just about neutral.
After the break, Boom Bust Producer Bianca Facchinei takes a look at how the consistent rise in rent has affected city planning and the real estate market. Afterwards is Defining Moments, showing off the most interesting comments made by our guests this week, including remarks from Rob Barnett, Victor Matheson, Alex Daley, Paul Craig Roberts, and Anthony Randazzo.
And in The Big Deal, Erin, Bianca, and Edward Harrison review comments posted on the Boom Bust social media pages. Take a look!
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Trinity Chavez goes into the power of coffee as algorithms make it one of the bigger financial power houses.
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Boeing’s stock has taken off following the resignation of its CEO on Monday, after months of turbulence. Could new leadership lead to a turnaround of the embattled aerospace giant? Former NTSB official Jamie Finch lends us a hand today to break down the move and what lies in store for Boeing. Plus, President Trump has been hyping the potential passage of a U.S.-China trade deal, but could it all just be a charade? Richard Wolff, host of the Economic Update is standing by to bring us up to speed on the state of negotiations. Then, Bayer stock is popping after the recent news that the U.S. government will back the company in its glyphosate fight. RT correspondent Alex Mihailovich joins the show from Toronto to help us take a look at the big picture of the suit.
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The ousted leader of South Korea is indicted on multiple charges, along with several other major company leaders. United airlines continues to take a beating after forcibly removing a passenger from his flight. Believe it or not, it’s time to file those taxes and get things in order, but millions of Americans are likely to miss the deadline, Boom Bust’s Manuel Rapalo has more. After the break, we talk about the cashless ATM problem in India. Japan is seeing a record increase of immigrants. Boom Bust’s Bianca Facchinei has the latest on the election in Turkey. Finally, we sit down with former Vice Presidential candidate for the libertarian party, Larry Sharpe to discuss the future of his party in today’s political climate.
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Russia has lifted its ban on the Telegram messaging app following a fight to combat its use in the nation. Plus, as economic instability continues to rock the United States and the globe, could we soon see mass adoption of cryptocurrency? We examine the question from all sides. And while businesses are beginning to re-open, will the movie industry be able to rebound as quickly, given its nature? We bring you into insight from a sector analyst.
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The United States has made the call to shutter China's consulate in Houston, Texas, further chilling relations between the world's two largest economies as markets react to the growing rift. Plus, as the race for a COVID-19 vaccine continues to heat up among medical firms, concerns about non-profit distribution are coming to light. Meanwhile, the owner of the NFL’s Washington Redskins has found himself in a series of fights lately, one of which is about trademark squatting.
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Inflation in Japan dropped to a 14-month low in the month of November. The disinflation comes as a relief to consumer who, since April, have been struggling with an increased consumption tax, which put a squeeze on many household finances. It was the first consumption tax in 17 years. However, the latest fall in the core consumer price index – to 0.7% in November, down from 0.9% in October – will cause some concerns for the central bank, which has staked its credibility on hitting a 2% inflation rate within two years. Erin weighs in.
Then, Erin is joined by Jim Rickards – chief global strategist at West Shore Funds and author of “The Death of Money.” Jim tells us if he thinks the Ruble rout is a crisis similar to those of 1998 or 2008 and gives us his take on the strong dollar.
After the break is Defining Moments, featuring comments made by recent Boom Bust guests David Collum, Jim Grant, Steve Hanke, Eswar Prasad on IBM, the Federal Reserve in 1920, emerging markets, Raghuram Rajan, and US GDP.
And in The Big Deal, Erin and Edward Harrison are taking a look at some of the biggest deals of 2014. Enjoy!
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