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this particular incident will be used as a kind of justification as we heard in his remarks you know he intends to go on to members and then go on elsewhere reaching up to the iraqi border but i think that he will face some very very huge monumental challenges because even in a free and. turks are encountering such difficulty. will be a different story that could threaten a potential showdown with the u.s. ally our i don't think turkey is ready for that so i think that the turks are in a somewhat difficult position but. has climbed this ladder of escalation and i think the problem he faces is who can bring him down allow him to withdraw other same time saving face it's quite a big predicament i think which he faces. south korean president says that he's ready to accept an invitation to visit pyongyang from the
north korean leader if certain conditions are met and this potentially sets up the first meeting between korea's leaders in more than a decade invitation was delivered by kim jong un sr is attending the winter olympics in south korea she's the first member of north korea's ruling family to visit the south since the one nine hundred fifty s. she met with president moon for three hour talks and the opening ceremony of the winter games also hinted it thawing ties between the states with both teams marching together. and while media attention focused on the v.i.p.'s section at the opening ceremony
it was revealed not everybody was too happy about the unified korean team u.s. vice president mike pence made headlines after not standing up as the unified korean team marched past during the ceremony reports say that he was one of only a few who remained seated and did not support and slater explained he came to cheer us up for it's still the recent friendly relations between the countries are widely seen as being a breakthrough that's after the country's other first talks in two years hong kong city university joseph chang a political science professor believes the presidential invitation is a major step forward this is a small break through for president of south korea understands that his people would like to see the escalation of tension in the korean peninsula the conditions normally will be cessation of nuclear powers and. miss
out on the part of north korea and north korea in turn will. terminate of large scale military exercises are on the par of career in the united states. while the two koreas were able to march under a single unified flag olympic athletes from russia from the away our team as it's known and to the opening ceremony under a neutral flag however although the russian flag was banned by the international olympic committee it still managed to find its way into the stadium and to trying to explain no russian flags at the opening ceremony nation's parade chang the i.o.c. said some very strict rules and promised no excuses for anyone who'd violate them so who would have thought the russian tricolor would still make it into the ceremony all thanks to a blogger by korean t.v.
just as france were walking into the arena a russian flag i can well while the zero eight our team were carrying the white a live big flag many russian flags flashed around the arena at the stands but it turned out that not only russians brought them there we spoke to one american fan who grabbed one too and i thought it would be nice to you know show a bit of support for them because they've basically worked for years for this moment to represent their countries and now they can't and so i was kind of trying to sort of you know help them feel at home i was trying to sort of send a message that they should be included because the olympics is for all countries i don't exactly know the particulars of the doping thing i don't know what the right decision is really i'm just trying to show a sense of unity i'm trying to kind of put the politics aside i'm trying to support these athletes because we know for a fact that these athletes are clean there's no doubt about it but then they are
being punished for what others may or may not have done and so that's a collective guilt and i don't like collective guilt i think when you have all so many verses beth's athletes banned just before the games instead of you know just for the game so they can't appeal they don't actually have any they don't communicate directly what they did wrong but then all their best athletes are sort of banned i think that. is to much to be a coincidence and saturday has brought the first the living pick medal to the way our team or a limbic athletes of russia short track compared to simulate a strand of his and a bronze which he dedicated to all of those russian athletes who were banned from participating in the games the u.k. university's preventing research studies into transgender people who've regretted that decision to change sex that story after the break.
the 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 the 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 in places like china and west the sell off and all these various markets and with the oil prices climbing higher goal the getting better that we've got here. and
reversed. come back with less than a month to go till general elections in italy tensions there reporting over hundreds of anti fact she sank to bits of come out to protest in the central city of much round. was it was. just this thursday hundreds of supporters of a far right party clashed with police that we could go much around to so for the racially motivated shooting that left six people injured. the shooter in question was targeting afric. the migrants police found a copy of it this mine can't fit his apartment as well as a flag with the far right symbol the shooter himself said he wanted to avenge the
death of an italian woman allegedly killed by a nigerian asylum seeker. and the incident feel concerns about the rise of neo fascist forces in italy national as well as foreign media have weighed in on this the shooter's lawyer told journalists his client was greeted as a hero when he arrived in prison places said that racial and religious violence has stalled in recent years and they've got the statistics to back it up the shocking numbers from the italian police force show hate crimes have jumped ten fold in just four years issues raising concern at the very highest levels as well with italy's justice minister revealing he was threatened when he visited the matter are to shooting victims in hospital even. received threats against me and my family but i was the first is to go away when the time comes to take action so i'm not. the one the video has appeared in the media showing the matcher are to shoot a shaking hands with the leader of the right wing legal north moreover the shooter
stood as a candidate for that party in local elections last year i discussed the issue with the league not council or. if this guy did what he did he became a creamy man so we are very strict. and. we pons and sit in the next election the people will use it to vote and this is the only way we act any violent act carried out by by an immigrant it seems like the response is is also considerable surely this is not good for the country as a whole how do you feel about what's been reported the rise of nationalism and fascism in italy we are just telling to the people. we need the law we need count of account to be we cannot lose our identity because italy if
this mood of immigration will rise and we continue we lose. the now why your party the former soviet belasco and he's called migrants a time bomb now is fairly aggressive rhetoric it's only going to further divide people you said your weapon is your your pension should we 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 their arrival or illegal immigrant in two thousand and eleven we had only four thousand in one year in last year we had the more than one hundred forty thousand arrival of illegal immigrants in italy so you can see the difference and this is a bomb because at the most of those people are illegal they will never go get the.
paper. refugee because just the five maximum ten percent of them is a real refugee. psychotherapist the gender specialist in the u.k. is challenging a university which is blocking research into people who regret undergoing gender change james caspian claims that the move by bath spy university is an attack on free speech it's been extremely stressful to find myself improved in these proceedings which i think should be of great concern to anyone who values free speech in knowledge i deeply believe that the research i proposed is important to the well being of the transgendered community well that research proposed by mr caspian was initially approved by academics that was in twenty fifteen but that was later dropped in december twenty sixth in high court judges ruled in favor of the university according to mr caspian the university dropped the research because it feared there'd be a backlash on social media or to discuss the issue with what higher he reversed his
decision to become a woman. i've been back now to my first gender for twenty five years i've been married for twenty years and you know when i discovered. that this holds that this whole transgender thing is built solely on feelings there's absolutely no objective proof that anyone is a transgender except by no self identifying it's a transgender is no better call proof that anyone is a transgender and there's no proof that anyone benefits from the surgery over the long term you know 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 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 day 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 wanted to transition back calling their 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 spa university to comment on this position regarding mr caspian's research mr caspian three says proposal was not for feast on the grounds of topic but on the methodological approach to invest he was not convinced the press would guarantee the anonymity of his participants and the confidentiality of data. the researcher lost the first round of his legal battle leaving him to cover the university school costs he then set of a crowd funding page to cover the expenses and to mount a fresh legal challenge against the university so far it's raised almost fourteen thousand pounds is all higher again he believes the university is being politically motivated in its decision i think it's political absolutely i think it's totally
political are afraid of the old g.b.g. which is so powerful it would probably overwhelm the university if they start studying this like james cast wanted to do at the university what they would find out is there's a vast number of people who are to transition in 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. rats said to far outnumber parisians in the french capital over the years the authorities that of tested a variety of methods to try improve the situation but now the city's resorting to quite literally revolutionary tactics.
all see we have a great team we need to strengthen before the free float world cold and you're better than a legend to keep it so i took a back. in ninety ninety 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 r.c.t. . recently i've had a lot of practice so i can guarantee you that peter schmeichel will be on the best fall since my last will come from that steroids are asleep. thousand no joke i was only kidding here i called russia. i fly strike strike left left left more. ok stocks that's really good. when gold make its manufacture come sentenced to public wealth. when the
ruling classes protect themselves. when the final merry go round lifts only the one percent. we can all middle of the room sick. i mean real news room. in america a college degree requires a great deal. paying a decades long debt. studying so hard it requires trust to. go through humiliation to enter an elite society. and paci into debt sometimes quite literally. want other true colors of universities in the u.s. . 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 about the economics of the olympics with alex the haleigh bitch and with professor brett humphries and will discuss worker wages and focus in on a new role 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 points. 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 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'll 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 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 q two in canada last month and was on narrowed the possible locations of a 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 day is 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 and 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 that's a big deal you know one thing strike against us right now is what's happening with nafta a little bit not sure we're 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 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 a 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. yeah look at the olympics i mean it's something that i well 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 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 well the city obviously in my country here. for probably more than anybody from a lympics games this is back in one nine hundred seventy six the budget went seven hundred and twenty percent over so that 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 so cheap dame 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 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 no numerous problems there 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 eccentric 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 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 and it'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 do the city see in the end very little so for the next big games that are coming up there's a really interesting two thousand twenty four games happening in pairs only pairs in los angeles actually bid and the olympic committee saw that oh my gosh what's going on quick let's give the 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 those 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 it will bring 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 humphries associate professor at the regional research institute at west virginia university professor humphreys thank you so much for being with us i don't recall 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 do 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 i 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 the areas where the games take place ok and so if you look at this 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 could it's a tremendous amount of expenditure for a region of korea which is which is not well developed right right amazing you're going to tear the thing down a professor at a luncheon at university of calgary school of public policy you told a group of people there that were they to host the olympics they wouldn't see many 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 look 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 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 and calgary then 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 will make it 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 will 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 host the host these games didn't in the olympics used to be funded back in the day one 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 or by the other organizations but the olympics have really exploded in terms of their sagas and their lavishness and the skill of these that the international olympic committee once built and now its local governments who are expected to foot the bill in fact there's the i.o.c. requires any host government to guarantee any cost overruns associated with fertility construction for hosting these games. ok and how do countries with the economic infrastructure concerns seem to win these bids for games over others that have in place the infrastructure like you're talking about in calgary it and eve.
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