Bitcoin and other cryptocurrencies are taking center stage as special guest Bart Chilton talks to host Lindsay France as we examine the recent ups and downs of bitcoin. Uber has hit another bump in the road in the U.K. as their Tribunal rules that they are employees not contractors. Holland Cooke gives us the holiday shopping forecast as businesses gear up to make big bucks this holiday season.
Donald Trump administration announces a new travel ban. Boom Bust’s Bianca Facchinei looks into the Greek economy to learn more about why the country performed worse than expected in 2016. If you own a smart phone, you likely know and understand the buying power is in your hand, Boom Bust’s Manuel Rapalo has that story. After the break, we take a look at how UBER is looking to keep the competition away. Finally, Larry Royer joins us to talk about the future war of automation in the world.
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Americans’ combined wealth set a fresh record in Q1! That’s all according to a recently released Federal Reserve report that now puts total American wealth at $84.9 trillion. That number was calculated by looking at the value of homes, stocks, and other assets minus debts and other liabilities. According to the report, those factors caused net worth to rise by about $1.6 trillion between January and March of this year. Boom Bust’s Ameera David weighs in.
Then, Ameera sits down with RT correspondent Lindsay France to talk about the Trans-Pacific Partnership. The House of Representatives delivered a blow, though perhaps a temporary one, to President Obama's fast track bill on Friday.
Afterwards, Bianca Facchinei takes a look at the infamously secretive Bilderberg meeting, which kicked off in Austria on Thursday – much to the dismay of ardent critics, who believe its purpose is to plan a world government.
In The Big Deal, Ameera is joined by Edward Harrison to discuss Canada’s housing prices. Edward interprets the recent data released and tells us why places like Toronto and Vancouver haven’t succumbed the same fate. They also discuss what impact the recent rise in US mortgage rates will have on the US economy
And finally, RT correspondent Anya Parampil takes a look at the revolving door between government and business in the United States.
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Janet Tavakoli, founder and president of Tavakoli Structured Finance and author of “The New Robber Barons,” tells Erin why she’s so skeptical of Herbalife and their business model.
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Our lead story today is Pimco. The next few weeks are critical for the bond giant as pension consultants are recommending clients withdraw their money from Pimco funds; more specifically, Pimco funds that were once managed by Bill Gross. September alone saw a record $23 billion in redemptions. Erin weighs in.
Then, Erin is joined by Lawrence White, author and professor of economics at George Mason University, to discuss Austrian economics. White explains that the recent boom and bust has caused a resurgence in interest in Austrian School economics and in one of its foremost economists Friedrich von Hayek.
After the break, Erin speaks with Mark Thoma, professor of economics at the University of Oregon and blogger at Economist’s View, to talk about the US economy. He sees the fiscal drag on the economy as leading to a muddle through which he expects to continue well into 2015.
And in The Big Deal, Erin and Edward Harrison review the US automobile industry. Although the data were mixed for the Big Three firms, expectations are for a record 2015, perhaps on the back of lower lending standards. Take a look!
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Only 1% of midterm voters said the economy is “excellent” although the numbers suggest otherwise – leading many to assume that this disconnect has to do with wage stagnation. Arnold Kling, blogger at AskBlog and adjunct scholar at The Cato Institute, tells Erin what we need to do to get wages up.
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ORIGINAL AIR DATE: MONDAY, FEBRUARY 16
Edward sits down with Warren Mosler – president of Valance Co., Inc. and chairman of Consulier Engineering. Warren tells us the EU’s approach to the Greek debt crisis has failed to lift the Greek economy. He explains the difference between a currency issuer and a currency user and warns that Greece cannot maximize its negotiating leverage given its insistence that it will not exit the eurozone. If Mosler were to negotiate on Greece’s behalf, all options would be on the table, as he believes the potential for Greece to manifest currency issuer status best allows it to fulfil public purpose and return Greece to economic health.
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Claims for Americas jobless benefits are on the rise. No matter who you are or what occupation you have, you’re very likely to die with some amount of debt to your name. Boom Bust’s Manuel Rapalo takes a look at a new study that found Americans are dying with $62K of debt. In 2016, the Bangladesh Central Bank was robbed of $81 Million dollars, now the U.S. is investigating whether North Korea had anything to do with the heist, Boom Bust’s Bianca Facchinei has details. After the break, we take a look at multiple changes coming to the airline industry. RT’s Marina Portnaya takes a look at the numerous brick and mortar stores shuttering across the nation and the reason behind the closings. Social media is becoming a helpful tool to investigators looking to solve crimes around the world. Facebook is center stage once again as a gruesome crime is caught LIVE, RT’s Simone Del Rosario takes a look at how technology is taking a bite out of crime. Finally, the city of Chicago says its willing to lose Millions of dollars to give drivers a break at the light.
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Businesses grow and new ones are created all the time, but sometimes it takes so many to get them going. Shayne Veramallay returns to the show as he and Bart explore the future of venture funding! Fred Kaufman returns as well to discuss the current food trends and if there is a way to sustain the products we eat every day! [1223]
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Our lead story today is Greece, or more specifically, Greece’s finance minister Yanis Varoufakis. It was certainly a rough weekend for the Maverick finance minister; in fact, it’s been a rough first 6 weeks in his new gig. It started off with some serious backlash following a glossy photo shoot for a Paris magazine then heated up after video surfaced of Varoufakis giving the finger to the German government. Erin weighs in.
Then, Erin is joined by Richard Wolff – visiting professor at the graduate program of international affairs at The New School and well-known Marxist economist. Richard tells us where he thinks the US economy is headed and gives us his take on why, despite apparently good jobs numbers, many in the US believe the economy remains fragile.
After the break, Erin sits down with Max Wolff – chief economist at Manhattan Venture Partners and son of Richard Wolff. Max tells us what problems he sees with the Apple Watch and why Apple thinks the smartwatch will sell, despite only 7 million smartwatches total selling in 2014. They continue the conversation with a deeper dive into what’s going on at Apple.
And in The Big Deal, Erin and Edward Harrison discuss subprime auto loans. They are a surprisingly large proportion of the consumer credit space. Take a look!
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