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tv   Boom Bust  RT  February 10, 2018 8:30am-9:01am EST

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if your weapon is your parent shouldn't shouldn't be trying to bring people together we found always the right way to act together and when we have been in the government the last time in two thousand eighty two two thousand and eleven we practically stopped the arrival of illegal immigrant in two thousand and eleven we had only four thousand our arrival in one year in last year we had the more than one hundred forty thousand arrival illegal immigrants in italy so you can see the difference and this is a bomb because the most of those people are illegal they will never go get the. paper. refugee because just the five ten percent of them is a real refugee. and this news just in here in our international syrian air defense has now responded to new israeli raids in the capital damascus the israeli military confirms it's attacked twelve targets in syria including both syrian and
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iranian facilities and we can now across live to our two guests joining us here on the program really marks a jerusalem based freelance journalist and middle east expert. in damascus or first to you or elaine what is israel saying to this. well first of all multiple sirens have been heard across northern israel this morning as the israeli air force confident that it did intercept and uranian drone launched from syrian territory into northern israel in response the israeli air force have attacked iranian positions in syria and israeli fighter jet was shot down the two pilots managed to reject it to safety and here is what the israeli air force spokes person tweeted about event the smalling. the idea has targeted the iranian control systems in syria that sent the u.s. into israeli airspace massive syrian anti air fire one of sixteen crashed in israel
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pilot safe iran is responsible for the severe violation of israeli sovereignty event on going more to follow. northern israel does still remain in a state of high alert and we are concerned about the situation is escalating from israel we will continue to monitor the situation as it unfolds i really thank you for that or over to him now what is serious a position on this. well this morning syrian army commander should just statement confirming that syrian air defenses intercepted israeli fighter jets that were carrying out an airstrike on location in central part of the country and then later on some news agency the state news agency said just a few minutes ago before we go live that israel carried out subsequent airstrikes on locations west and south of the syrian capital damascus also said that the first
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was from the two normally have been intercepted these attacks according to my sources. by nine thirty local time in which is almost thirty minutes ago all airstrikes stopped and. prevailed over the countryside a couple of damascus province which is the proper touchable of the phone find to syria and also by force the syrian golan heights. we can also confirm that the sites that were targeted. earlier that attack that took place today is the fifty four air base in central syria in the desert of central syria probably right my military sources are saying that there has been no casualties only three one of the soldiers in this attack but there is no official confirmation so far and positions that were hit today in the subsequent attacks in the mouth of damascus and just south of the mouth because has been hit before by israeli airstrikes. earlier
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this year and back then israel said that it had what it believed to be and a gathering of or a. advisors in the command building or the syrian army's first armored division write a letter to him and rolling marks thank you both. a woman in california who's been a prominent face on the anti harassment me two movement has now found herself at the center of a sexual misconduct controversy she's been accused by at least two band of inappropriate behavior jacqueline booga has details. democratic assemblywoman christina garcia has a reputation as a fierce advocate for women and has gained national recognition for condemning sexual misconduct all over the place that the best. take you we should be on your shoulders to take this change but their voices take the power that they
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can protect their time magazine's silence breakers issue centering on speaking out against harassment even featured garcia's face in the artwork and inclusion that garcia was humbled by posting on twitter that she was proud of the work being done and the issues clearly personal in october revealed to the new york times that she has also been sexually assaulted by men in her workplace multiple people have grabbed my bottom grabbed my breasts we're talking about c.b. and o.b.'s. earlier this week garcia even helped pass a bill granting whistleblower protections to legislative stuff who are victims of sexual misconduct announcing after the bill's approval that you were not standing alone and yet news has now broken up two men accusing garcia of sexual harassment one of the alleged victims is a former legislative staffer highly ironic considering the bill she helped pass is meant to protect legislative staff probes already been launched into the incident alleged to have happened back in two thousand and fifteen after an assembly softball game daniel farrow claims that while she was intoxicated garcia rubbed his
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back and squeezed his buttocks before attempting to do more than reportedly quickly extracted himself from the situation and it looks like this may even be a pattern for garcia as a second accuser story is eerily similar an unnamed lobbyist alleges that a drunk accosted him last may making graphic sexual proposals while trying to grab his crotch she was whispering rue close and i could smell the booze and see she was pretty full she looked at me for a second and sit acidic goals. he says he adamantly rejected the offer at this point garcia's camp has only responded to the first accusation the details of these kinds have never. being brought to my attention and till today i can also say i have zero recollection of engaging in appropriate behavior and such behavior is inconsistent with my values but if we've learned anything from the me too movement it's that accusations carry more weight than denials and once one person comes forward the floodgates tend to open the program returns in a moment. the
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bond market will not crash and this time it will continue to go even lower and negative yields on various bonds will increase from the multi trillion dollars worth of negative yielding sovereign debt now to even more multi multi multi trillion dollars of negative yielding sovereign debt and we're going to go down the rabbit hole even further but it certainly smells like what the comic strips are all
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in places like china and the sell off in all these various markets and with the oil prices climbing higher and gold looking better than we've got here. and reversed. with us today a psychotherapist and gender specialist in the u.k. is challenging university which is blocking she want to conduct into people who regret undergoing gender change james caspian claims the move by the spy university is an attack on free speech. it's been extremely stressful to find myself embroiled in these proceedings which i think should be of great concern to anyone who values free speech and knowledge i deeply believe that the research i proposed is important to the well being of the transgendered community the research proposed by mr caspian was initially approved by academics back in twenty fifteen but later
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dropped in december of twenty sixteen a high court judges ruled in the university's faith without waiting for an internal review of the study according to mr caspian the university dropped the reso it's because it feared there would be a backlash on social media and we discussed the issue with walt heya who reversed his decision to become a woman and i've been back now to my birth gender for twenty five years have been married for twenty years and you know when i discovered. that this whole this whole transgender thing is built solely on feelings there's absolutely no objective proof that anyone is a transgender except by now and self identifying as a transgender is no medical proof that anyone is a transgender and there's no proof that anyone benefits from the surgery over the long term some people like myself feel like we had a good time while it lasted but when the truth rears its ugly head and you want
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your life back you want to live in reality and not in. you know surgically made transgender life i found out in my many years of working with transgender people that there is a groundswell of people be transitioning i'm working with them all the time now more and more letters from around the world from people who after five seven twelve maybe fifteen even twenty years they want to transition back calling the surgery and their gender change just pure folly and foolishness and totally unnecessary so they want to help the transition just as i've done. we asked about the spot university to comment on their decision regarding mr caspian's research mr caspian's research proposal was not refused on the grounds of topic but on the methodological approach the university was not convinced the approach would guarantee the anonymity of his participants and the confidentiality of data the
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researcher lost at the first round of his legal battle leaving him to cover the university's court costs he set up a crowd funding page to cover the expenses and mount a fresh legal challenge against the university but so far raised almost fourteen thousand pounds. again and believes that it's politically motivated decision you know i think it's political absolutely i think it's totally political airfreighted b l g b t which is so powerful it would probably overwhelm university if they start studying this like james caspian wanted to do at the university what they would find out is there's a bass number of people who are d. transitioning because they regret having changed their gender so i think they're fearful of the truth coming out and this is their way of preventing research from being done. hollywood star morgan freeman's new show the
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story of us has sparked anger over its allegedly one sided patrol of the yugoslav wars and some serbs now intend to sue the actor. in the world. what actually happened here it's genocide this border of serbia is here they came here they wanted to kill everybody and just together. separated from boston to sacto. public. we've seen for twenty five years many similar attempts to present the.
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criminals and for me. the criminal party so in this sense this is not surprising. oh. let's discuss this further on the program and i'll join life by sort of foreign affairs editor at chronicles magazine thanks for popping on today is it right to say the episode in question was a one sided view of the yugoslav war. it's a grotesque caricatures road to the slow war. in a multi sided conflict in which all three parties serbs croats and muslims suffered statistically speaking more or less equally a narrative has developed over the past quarter century of the muslim blameless week to include and it had a purely political purpose to retroactively justify western primarily u.s.
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and nato involvement on the side of the muslims geopolitical reasons for this decision we do not have any time to discuss right now but suffice to say that i regret that so much for us has been raised over a hollywood actor joining the bandwagon somewhat belatedly at the dusk of his illustrious career. his credentials to discuss this issue are nonexistent and his personal credibility bearing in mind he's turbulent and occasionally agreed his personal life should really discredit him from the debate what you. say morgan freeman issues should and should be here on this program in presenting that these sides of the stories but it's i mean now some serbs are intending to sue morgan freeman i mean is that is that right should he be sure to be sued for this. frankly i think it's a mistake because along the same lines one or two sue any number of public figures
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and preservation lists such as christiane amanpour who have been even more effective in peddling the myth of the slab and its agenda i think that in the end the facts of the case will become better known to the public at large however in the meantime the political utility of this false narrative will have been used and milked for all it's worth but as i said the important question is who wins cui bono from raising this issue of culpability yet again right now and they think it may not be unconnected to the way in which a committee of the u.s. house of representatives prepared a report for all of news on russia's allegedly put knishes and malignant influence in the balkans we are now hearing stories in the western media about some serbian
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paramilitaries being trained by the russians. such invented stories are taken immediately out of the bosnian muslim press into the western media such as the guardian and then into congressional documents so i think in a broader sense morgan freeman is just a small stone in the mosaic of sort of both phobic russia phobic narrative so i mean i just want to. say there's a media again there's a play going on here some some are some are accusing the bosnians of trying to rewrite history but i'm afraid that's all the time we have for start a terrific of its foreign affairs editor at chronicles magazine thank you very much and i thank you for joining us here on r.t. we're back in about half an hour.
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it's all to see we have a great sea but we need to strengthen before the free world cold and your bets have been alleged to keep it so it's at the back. in one thousand nine hundred two that must qualify for the european championships at the very last moment no one believed in us but we won and i'm hoping to bring some of that waiting spirit to the. reason the had a lot of practice so i can guarantee you that peter schmeichel will be on the best fall since my last will come on that story as well as three. thousand zero zero zero zero. left left left more or less ok stuff that's really good join me every thursday on the alex salmond shield and i'll be speaking to get a feel of the world of politics school business i'm show business i'll see that.
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that's in american interest to not see any russians die in terrorist attacks as it is in russian interest to prevent any terrorist attacks in the united states or elsewhere in the world so i don't think there's any dispute on that in congress and i think maybe some of the posturing is frankly political as opposed to substantive . this is boom bust broadcasting around the world from washington d.c. i'm bart chilton coming off the winter olympics has begun in south korea will talk
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about the economics of the olympics with alex the haleigh bitch and with professor brad humphries and will discuss worker wages and focus in on a new rule proposed by the department of labor that has many workers worried plus first let's get to some headlines. nearly all global stock markets from asia to europe had a down day friday following yesterday's one thousand point drop in the dow jones industrial average and for most of the day u.s. markets moved up and down around where they closed yesterday and we are officially in the u.s. markets ten percent below market highs last month which mean we're in correction territory markets which move down twenty percent or more are said to be in bear territory we have the specific numbers at the break. european banking sector has made positive progress based upon italian german and french institutions which have reported better than expected earnings reports battered by
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bad loans and low interest rates european banks have made little progress in the last decade but the fourth quarter for italian bank unicredit was the best q four in ten years the german commerzbank while below last year's results still beat expectations and french bank society general soc gen also reported better than predicted results even though revenues were somewhat down to. the bank of england citing stronger than anticipated growth is has signaled that the bank is keen to raise rates at a swifter pace than expected just months ago the move appears to be in accord with where the us federal reserve is headed this year. and justin trudeau the young canadian prime minister has been in san francisco promoting canada as a tech and making pitches to tech companies including a direct plea to amazon's jeff bezos to locate the new m is on ed borders dubbed h
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q two in canada last month and was on narrowed the possible locations of h q two to twenty including toronto which is the only city outside of the us on the list. and we now go to toronto that city and alex mahela that should talk about the economics of the olympics and and alex before we get started any thoughts on that story about the prime minister pitching amazon headquarters to say it's also in your city there well it's a big deal for toronto look we're talking about a five billion dollar investment fifty thousand jobs in this is in the states where about ten percent of your population so when you look at the number of fifty thousand jobs is a lot of jobs and never mind the money that would be coming in so for canada yeah it's a big deal you know one things strike against us right now is what's happening with nafta a little bit not sure which way we're going i think we all know how it's going to end but we don't have to get into that right now and one side of that though can is a really great place especially when it comes to tech companies like amazon because
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we're pretty easy letting people into the country and especially when it comes to high tech we like to bring in the best from all over the world and amazon knows that so they're looking at toronto looks like quite seriously and when you have a prime minister of our country also backing it you know that we're ready for the deal that's for sure alex it sounds like maybe you're asking you know jeff bezos could call call me your and you're a good you're a good surrogate for the prime minister there so let's get into the cities that might actually be second guessing their opportunity to hope to host the olympics so what say you. at the olympics i mean it's something that we both grew up with i'm sure many of our viewers did you know we used to be sitting there watching it very intently on our televisions but as time progresses what we're seeing is that cities are waking up to you know that it's beautiful to bring countries together and to bring that national pride up but it's very costly in a lot of cities have suffered by bringing the lympics to their homes so let's just
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break this down and it really gives you a sort of a good idea of what i'm talking about when you really look at the numbers so montreal i mean really one city obviously in my country here. for probably more than anybody from a limpid games this is back in one nine hundred seventy six the budget went seven hundred and twenty percent over so that's a massive number thirty years later they were still paying for the olympic stadium the main stadium that they had there look at lake placid three hundred twenty four percent over that was back in one thousand nine hundred sochi deemed the most expensive olympic games ever two hundred ninety eight percent over budget rio you know fifty one percent over back in two thousand and sixteen that might not seem that big but it's huge for a country like brazil and a city like rio where you have such poverty and that money could be invested someplace else so now tokyo two thousand and twenty that's a city that we're coming and it's coming up that tokyo people are complaining there once again things are going over budget this is something i've never been able to
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understand why these things happen to go over budget anyway you should know what amount of money you have you have your contractors and somehow they're still able to get away with asking for more again this is money that could be better spent in cities are actually seeing that and there's meant numerous problems there they always count that they're going to have more tickets sold than they really have and just the whole fact that these these buildings that they make like it happened in athens like we saw with the marathon of that massive stadium in brazil used for the olympics and then just left there to rot so it's a massive problem and cities are recognizing this for the first time alex. my wife and i were driving from i think chattanooga back to d.c. last summer and we went near a site for the then elliptic in atlanta and they had all these river slalom courses for the kayaks accept and it was a really long and a big project you can tell and still had the parking and everything but nobody was there it was perfect whitewater time nobody was there so they spend all this
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resources on the infrastructure hoping i assume that later at some point that it'll it'll make good but but it hasn't in a lot of places so what does the future hold for the olympics alex looks like cities and countries are smarting up because not sometimes not only to cities suffer but nations suffer poor nations to bring in the lympics that's a very costly thing to do so look now we're talking about looking into the future and what's happening here we know that lympics bring in about five to six billion dollars every time that they happen oh i will see the international olympic committee takes three billion of that most of this is made off of t.v. but they still take that money so what did the city see in the end very little so for the next government big games that are coming up there's a really interesting two thousand and twenty four games happening in pairs only pairs in los angeles actually bid and the olympic committee thought that oh my gosh what's going on quick let's give
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a two thousand and twenty eight games to los angeles because cities aren't bidding anymore they see that it's something that's just going to cost them in the long run there's really no benefit to it in the long run to talk about all this beautiful in structure infrastructure that's built that infrastructure can be built without the olympics and when you see these budgets time after time after time going over hundreds of percent it just it just doesn't make sense anymore so we're going forward it's really sad because i think it again is something important to world to bring nations together and to bring up the national pride but when it cost so much and when the i.o.c. is taking so much money it just doesn't make economic sense. r.t. correspondent alex behala bitch thank you so much for that report we'll catch another time thank you thank you. for joining us now to dig a little deeper and further discuss the economics of the olympics is dr brad
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humphries associate professor at the regional research institute at west virginia university professor humphreys thank you so much for being with us why don't you caught all that it was a lot of it was made mazing in your opinion how much can a city that is hosting a winter or summer olympics expect to actually pay or to any of them ever make any revenue is to host these games. well it's doubtful that any games have been profitable since the los angeles olympics in one thousand nine hundred four so cities as alex piled listen to it all and not of my head the whole time alex is right now cities pay a lot because they have to build facilities and the huge costs are associated with these giant wear white elephant facilities that the i.o.c. demands that cities build and the benefit to cities is going to be primarily from whatever tourism dollars that they would get for people visiting the areas where the games take place ok and so if you look at this
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upcoming olympics what do you think that they should expect in terms of you know how much they're going to spend i mean it seems like it's going to be as it extravagant as as ever professor. oh it is they've they've built the main arena where the opening ceremonies and a lot of the premier hockey and skating events are going to take place that was one hundred million dollars and they're going to knock that facility down after the olympics are over so that's basically one hundred million dollars for a facility that's going to be used at most about a month between the regular olympics and the paralympics and it's good it's a tremendous amount of expenditure for a region of korea which is which is not well developed right right amazing to tear the thing down a professor at our lunch in the university of calgary school of public policy told a group of people there that were they to host the olympics they wouldn't see many
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games at all and why what are your quotes here there's not a huge amount of evidence supporting the idea that professional sports or mega events are huge drivers of local economic conditions unquote it isn't there is there any data at all to show forget about the overall expenditures but about the individual businesses that are in the area in the country or in the city that they might actually benefit even if overall the venture loses money. sure well you know let's take for example calgary because i think it's a great example that's already a major winter sports skiing destination and there's going to be a lot of people who are going to go to calgary because it's right at the rockies beautiful city it's got you know a lot of great natural many of these around there when the olympics show up in a city like that you get a different group of tourists but it's really just replacement tourist one group of tourists coming in and another group of tourists that don't show up in calgary then
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there's also this idea that a lot of the locals want to get out of the city because they don't want to have to deal with the crowds and the mess that goes along and security that goes along with the modern olympics so maybe they could make a run out there replace it with twenty thousand dollars or v.r.v. or something professor. well they certainly could and there's no doubt in my mind that many people would do that especially now in the in the gig economy where air b. and b.'s are common but that the that the three week benefit and it's not like that creates any long term lasting economic growth in a community that hopes to host these games didn't the olympics used to be funded back in the day when was that and when did it change and why. it. may be a very long time ago when the olympic games were first beginning to be held it was funded by the i.o.c. or by the.


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