[803] Flint and Michigan Agree to Settle Water Suit for Almost $100 Million
Donald Trump looks to trump former President Barack Obama’s climate change agenda. Flint and Michigan agree to settle lawsuit for nearly $100 Million dollars, RT’s Simone Del Rosario has more. Elon Musk creates a startup that aims to link brains and computers, Boom Bust’s Manuel Rapalo takes a look at the idea. After the break, Amazon purchases the middle east’s biggest online retailer. U.S. Senate takes on five big painkiller makers, Boom Bust’s Bianca Facchieni has the full story. Finally, RT’s Alex Mihailovich looks into protectionism.
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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Australia is feeling the strain of the COVID-19 pandemic as the island nation enters for its first recession in 30 years. And it appears Japan, India and Australia are launching an initiative to reduce reliance on China as part of the supply chain. Plus, amid the new normal of home delivery in the times of COVID-19, Amazon has won approval to blaze a new trail in the sector. The company has won FAA approval to deliver packages by drone.
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The world's largest economies continue to trade blows as talks are set to begin later this week. Sourabh Gupta of the ICAS is standing by to give us his insight on what could come from the superpower stalemate. Plus, negotiations between GM and striking workers have slammed on the brakes after talks have turned for the worst. Mollye Barrows, Contributor to America's Lawyer is on hand today to give us the latest on the landmark labor strike. And later, Facebook finds itself under fire yet again for privacy concerns swirling around its Libra project. Aly Madhavji, of the Blockchain Founders Fund joins us to dig into the details of what could spell doom for the digital currency.
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The $1.9 trillion stimulus bill has made its way through both houses of Congress and is on the way to President Biden's desk. Boom Bust co-host Ben Swann and Professor Richard Wolff, host of the Economic Update, lend us their analysis and forecasts about the potential efficacy of the programs within the bill. (1:08) Plus, Big Tech is seeing an unprecedented surge of anti-trust regulation around the globe, and could soon see some measures in its own home country. (13:08) The role of energy in geopolitics is being highlighted as one of the Biden administration's earliest issues will be Russia's Nord Stream 2 pipeline to Germany. (16:42) This comes after a month of skyrocketing oil prices as the commodity rallies on optimism and pent-up demand. Boom Bust's Christy Ai and David McAlvany of McAlvany Financial analyze the movements and the "game-ification" of trading in the wake of the GameStop saga. (18:05)
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Italian Prime Minister announced he will resign following a resounding referendum defeat. Plus, the U.S. Army Corps of Engineers declines to grant a pivotal permit to the Dakota Access pipeline. Ameera David has the details on both stories. Then, Bianca Facchinei takes a look at Venezuela’s creating of new banknotes to combat its worsening economic woes. After, Simone Del Rosario joins Ameera to break down Donald Trump’s doubling down on a threatened 35% tax on companies that outsource jobs overseas.
Following the break, Bryan Caplan, professor of economics at George Mason University, tells Edward Harrison what he expects from the Trump economy, and why he’s trying to stay positive. And finally, in The Big Deal, Edward examines everything from the Italian referendum to commodities.
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The FBI has found a way to break into the San Bernardino terrorist’s iPhone and is standing down against Apple. Ameera David reports. Then, Tim Duy, Professor of Practice at the University of Oregon and Senior Director at Oregon Economic Forum, tells Edward Harrison how the US economy is doing
After the break, Ameera reports on the breakup of Brazil’s ruling coalition as President Rousseff attempts to avoid impeachment. Then Edward sits down with Dan Alpert – managing partner of Westwood Capital – to continue the conversation about the US economy. And in The Big Deal, Ameera and Edward discuss the war on encryption, that has now gone global.
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Today is all about oil and gas. We have brought in four expert panelists to discuss the current situation in recently volatile oil and gas markets in several contexts. The panel of four includes Marin Katusa, Chief Energy Investment Strategist at Casey Research; Daniel Alpert, Managing Partner at Westwood Capital; Rob Barnett, Senior Energy Economist at Bloomberg Government; and Philip Verleger, Owner & President of PKVerleger LLC.
First, oil has been priced in dollars for decades. However, with the growing power of emerging markets, there is an undercurrent of discussion that dollar hegemony in oil markets might not last. Will countries like China, Russia and Brazil move away from the dollar. Our panelists weigh in.
Then, the price of oil has dropped precipitously, with Brent Crude falling over $30 in the last few months. Why is oil falling so drastically and so suddenly and when will the drop stop? The panelists also weigh in here with commentary on who the winners are and who the losers are.
After the break, RT correspondent Paula Slier comes to us from Iraq, where fighting has been intensifying. Our panelists tell us whether Iraq really matters in a world of excess capacity and what we should really be watching in the Middle East.
Finally, the panel also weighs in on the huge opportunity in natural gas. While transportation infrastructure is still heavily geared to oil, fuel switching opportunities are increasing. With natural gas resources plentiful and cheap, this fuel could be the alternative energy source of note, even more than wind or solar power.
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Steve Keen, head of the School of Economics, History, and Politics at Kingston University, tells Erin the two most important lessons he hopes his students learn in the economic courses he teaches.
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Exxon Mobil violated the clean air act more than 16,000 times and now faces a $21 Million fine. Donald Trump says he will hold back on pulling out of NAFTA for now, but what do his first 100 days in office look like, we discuss his poll ratings, and the promises he’s kept and broken, Boom Bust’s Bianca Facchinei and former U.S. Commissioner Bart Chilton discuss. After the break, we talk steel and the battle China faces with the west. Meanwhile, Cuba is now “google” land, as the company launches servers in the country. Car companies see the future as driverless and Boom Bust’s Manuel Rapalo has the full story. Finally, we talk Bitcoin with Veritaseum founder, Reggie Middleton.
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