When people think of health tourism, it’s usually plastic surgery in Brazil or South Korea that comes to mind. And you would assume that those in need of serious medical attention aren’t looking to Cuba for help, but a growing amount of Cuban doctors are caring for international patients. Boom Bust’s Bianca Facchinei has all of the details on that.
Markets continue to fluctuate as the coronavirus begins yet another surge in the United States and India. We take a look at the forecast for investors and how some parts of the world are beginning to reopen to visitors. And while lockdowns have confined many of us to our homes, some are still stuck on the high seas in the midst of the COVID-19 outbreak. We analyze the struggle facing those trapped on cruise ships and the repercussions they are facing. Plus, we bring you an update of the Canadian court case against Huawei CFO Meng Wanzhou, and what impact a potential extradition could have on the globe. And later, authorities' eyes are back on Amazon following a major stock boost for the e-commerce giant.
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The new gold is data. It's twice as valuable and companies in the modern age depend on it. Pamela Pecs Cytron joins us as we talk about the world of big data.
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Michael Hudson, a professor of Economics at the University of Missouri, Kansas City, is a sharp critic of what he considers the "rent seeking" behavior which has come to dominate the world of global finance. Once upon a time, governments regularly expunged debts to prevent the crises and turmoil that overindebtedness caused. But then came the Romans. For the Romans, "a debt was a debt was a debt". And since then, it has become standard fare to enforce debt contracts even when they are unpayable. Hudson now sees a parasitic financial industry that looks only to determine how much wealth it can extract via fees, interest income, and tax breaks, rather than providing capital to increase.
Gonzalo Lira believes that ultra-easy monetary policy will be the demise of the US dollar. In part two of our conversation with Gonzalo, he also explained that his pessimism about the US dollar emanates from his view that the United States has become a "kleptocratic oligarchy" in which investment in capital has become passé and the financialization of the economy benefits a select few.
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The minimum wage debate here in the states is a contentious one. However, therein lies the problem – the majority of the global labor force is in the emerging markets, but little is known about the impacts of minimum wages on employment and living standards in emerging markets! Erin weighs in.
Then, Erin is joined by Patrick O'Shaughnessy – portfolio manager at O'Shaughnessy Asset Management and author of "Millennial Money: How Young Investors Can Build a Fortune." Patrick tells us why he believes it’s critical for young people to start investing early despite the unique economic issues millennials face.
After the break, Erin sits down with David Merkel – founder and president of Aleph Investments and prolific finance blogger at The Aleph Blog. We have seen a lot of market volatility as oil prices have declined. David tells us what value investors can make of the current market environment and how to deal with it.
And in The Big Deal, Erin and Edward Harrison talk about tech. We’re talking Google, Amazon, Apple, Xiaomi, and real-life hoverboards! Take a look.
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The Federal Communications Commission has moved to target social media giants following outrage over alleged censorship.
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The FOMC releases its forecast for December, Danielle DiMartino Booth explains to host Lindsay France what the Fed’s next move could be. The U.S. votes ‘no’ on a UN resolution to lift Cuba embargoes, Bianca Facchinei gives us a closer look. Bitcoins are big money and now places like CME are looking to start trading bitcoin futures! Jeffrey Vier from Ideas By Nature breaks down bitcoins massive rise.
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In order to combat the ongoing energy shortage facing the globe, China has turned to coal to ease the pressure. David McAlvany joins the program to discuss the measures from the world's second-largest economy and the state of energy the world over. (1:01)
Then we turn to Scotland, where major world leaders are meeting to discuss the threat of climate change. Public Citizen's Tyson Slocum lends his insight into the measures being undertaken and the promises being made. (7:01)
And stablecoins are finding themselves in the crosshairs of U.S. regulators. Christy Ai joins us from California to discuss the idea and what role the crypto plays. (18:02)
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NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez
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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
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Trump and Kim Jung Un have met in a historic meeting between the two nations, the first in history. We talk with Ian Wilkie as we discuss the implications of the meeting and the past use of sanctions on the notoriously isolated country. When it comes to bringing North Korea around, oil may be the key; Alex Mihailovich joins us to discuss the effect pipelines might have on the secretive nation. The U.S. economy seems strong, but are we seeing shaky ground or a strong foundation? We speak with Danielle DiMartino Booth to find out .That and more on Boom Bust! [1098]
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It is time for another episode of Boom Bust. Host Simone Del Rosario sat down with guest Lenore Hawkins as we look towards what may be another Fed hike while Bianca Facchinei takes us further into Brexit. All this while an unusual crime involving avocados rounds us out, today on Boom Bust!
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