The rhetoric is much more aggressive much more pursuit for us the agenda is much more pernicious and its become a centerpiece of u. S. Partisan politics the whole russia gate issue troubles announced he had signed an executive order to keep the Guantanamo Bay Detention Center open that is despite get mo becoming notorious for various human rights abuses including torture from the predecessor barack obama vowed to close the facility back in two thousand and nine but was blocked by congress and was never able to deliver on that promise. In the past we have foolishly released hundreds and hundreds of dangerous terrorists only to meet again on the battlefield including the isis leader. Who we captured who we had who we released. So today im keeping another promise i just shy. Prior to walking in an order directing secretary to reexamine our military detention policy and to keep open the detention facilities in Guantanamo Bay thank you when trump came into power he said not only that he believes torture works hes going to fill guantanamo the only reason why i can say this is because theres no precedent for people being prosecuted for war crimes and i think its important that this would praise the said the war crimes carried out in kuantan immobile graham and all the other detention for the cities by the americans in fact recently now for the first time i think in recent history the i. C. C. The International Criminal court is finally investigating some of the abuses that the americans carried out in afghanistan and perhaps later in kuantan them and its an unprecedented move so to be saying that at a time when this investigation is taking place that im going to keep quantum open is an affront to the very notion of justice. Donald trumps a speech to congress has raised some concern that the president rhetoric is too reminiscent of his predecessor george w. Bush argues as more than. Trump is working very hard to convince us that hes not a bush era neo con war hawk republican obviously the war in iraq was a big fat mistake they lied ok they said there were weapons of mass destruction there was none and they knew there were none there were no weapons of mass ok all right. When it comes to north korea his state of the union speech sounded an awful lot like the leader he had previously denounced no regime has oppressed its own citizens for totally then the cruel dictatorship in north korea this is a regime that has already used poison gas to murder thousands of its own citizens north koreas reckless pursuit of Nuclear Missiles seeking weapons of mass destruction. These regimes pose a grave and growing danger i will not repeat the mistakes of past administration which will not stand by as peril draws closer and closer were going to read some key phrases to new yorkers and ask them was it bush or was it trump we need to look at the deprived character of the regime to understand the nature of the Nuclear Threat it could pose to america and our allies. Actually trump talking about north korea trump youre right ill go bush so that. Trump right thats trump trusting in the sanity and restraint of this world leader is not a strategy and it is not an option. Its actually bush somebody talking about trump. Trump thats bush also yeah. Bush actually trump said that he wanted to stop toppling regimes and start putting America First but with words like these a lot of americans have to be asking themselves are we headed for yet another big fat mistake this time with nukes involved. Artsy new york russian Hacking Group claims that the Canadian Olympic Committee covered up doping prior to the summer olympics in Rio De Janeiro and that story and more after a short break. The release the memo moment is upon us republicans are billing it as some kind of Silver Bullet revealing political corruption at the highest levels of the department of justice and f. B. I. The democrats on the other hand and their supporters in the liberal media call it a distraction finally the public will decide. The currency market itself is still on track to eclipse the global banking. Which is what we need what we want and. Its a Bank Circular thats the primary use of big boy. I want to show people that there is another point of view of this is the goal of my campaign i know you cant win on the elections where only always wins for there is no talking what would be if i would win i will never win on the election. Where all the know we. Fancy bears is claiming that the Canadian Olympic Committee covered up the positive doping test of its National Poll of all champion prior to the rio olympics earlier my colleague nicky aron discussed the details with our. Well that looks like an eyebrow raising email exchange supposedly between the people from the Canadian Olympic Committee and also their National Body that is responsible for sports ethics some pretty disappointing tactics in there it looked like attempts to play down an antidoping rule violation and some quirky damage control around the summer olympics in rio and here is the athlete at the center of this what can you tell us about him well its all of the case of the former pole vault champion from canada his name is shawn barber prior to rio he had tested positive for cocaine but instead of being thrown out of the olympics after several and terminal Disciplinary Proceedings what they didnt counted he was allowed to go and moreover this case was hidden from the international Olympic Committee for a while the see you see he was not permitted to disclose sean sue wish and prior to or during the games we do not condone this behavior sean has apologized for his mistake and poor judgment. Now for a moment just bear in mind all the treatment that the russian olympic athletes have been getting and listen to how shawn barber was cleared basically what he did was claimed at the hearings that he had inhaled or ingested the cocaine during a sexual intercourse with someone he called a professional woman she found him allegedly on a craigslist ad and the cocaine was transferred when a kiss happened so canadian officials were happy to let him go and keep the i. O. C. In the dark about this by the way just for your information the pole vaulter came out as gay a few months after the olympics and said that he was proud of it very interesting i presume the i. O. C. Has taken a saloon very seriously well i can tell you it was too late to take this seriously they couldnt do anything about that when they found out but apparently some people at the i. O. C. Werent so happy with the situation president thomas bought allegedly the called the ruling a decision that was influenced by National Interests but in the meantime if we go back to the emails some top canadian sports officials appear to have been trying to do everything to make sure that this case doesnt get any further attention including legal attention and if you look at the wording it suggests that anyone whos concerned or anyone whos just even trying to ask questions about this is doing something terribly wrong it does not seem right that this is being suggested publicly but if an independent bruce is determined that the athlete was at neuve fools in this case. And the i. O. C. Had the right to appeal the decision of the time and none of them did well this is a point where i once again want to mention all the russian olympic bans well everyone has their own understanding of the words double standards. We discussed the issue of professor of sociology at Aston University cashmore he believes that there is a double standard at play here and given that russia has athletes were banned even without testing positive for doping what is novel of course is this apparent relaxation of the warders rule of strict liability warders premise with all its other rules regarding drugs is that the individual athlete is soley responsible for his or her own bodies if youre in a bar and somebody spiked shore drink your responsible for it even if youd left your drink on guarded while you went to the toilet or Something Like that would turn your back your the perpetrator of the crime russian athletes have been banned from competing even without giving any kind of positive dont test at all being guilty by association so there is this kind of striking difference between the treatment that russian athletes are being given and those that have been afforded to north american athletes with the looming only one hundred sixty nine russians will be invited to compete out of almost five hundred initially put on the list russian president Vladimir Putin has apologized to the athletes are saying that the country failed to protect them. You know better than anyone else you know how hard it is to clean victories and how much it is that you need in and its two times harder with your supporters mixed with events unfamiliar to sport politics we apologize for not managing to protect you from that our team talked exclusively to a number of russian athletes who heard from the president. So youre going to sleep there is a certain amount of pressure on all of us of course its quite a complicated situation are really want to do my best want to overcome my anxiety and distance myself from all the sturdy media is causing around us now i want to address our fans i want them to be more kind and to keep supporting us no matter what i need to forget about our desire to win forget that everyone is against us and just continue doing our job. Within ourselves we know what country were present it matters what we feel not what we wear so just so you have hard feelings for those who werent allowed to participate even though they were innocent and maybe were still a bit angry about that. Israeli legal activists have filed a lawsuit against two New Zealanders one of whom is jewish that is because they apparently influenced the pop star lord to counsel and play a gig in tel aviv. Store. Late last year the new zealand pop star norwood announced that she was canceling a performance that she was scheduled to have given here in tel aviv in june of this year now it seems as if her announcement was made following an open publication of acorn by two New Zealanders urging her to boycott the country lord posted her response on her twitter feed noted been speaking with many people about this and considering our options thank you for advocating me i am learning all the time to now is really activists are suing those two New Zealanders in what appears to be the first lawsuit filed under it controversial israeli anti boycott law the law goes back to two thousand and eleven and it could open the door to civil lawsuits against those calling for a boycott of his role including of lands its occupied if it can be proven that that call knowingly a lead to a boycott now the noise part of the israeli governments way to try and deal with the boycott sanctions and disinvestment movement there has been growing traction against israel in recent years it does allow the courts to impose damages against defendants now critics of the law of course argue that it stifles freedom of speech and freedom of expression. After much anticipation from football fans the english club leeds united unveiled its new badge on we did receive floods of criticism the club quickly caved in and is now living supporters trues a different design in a public way. Well that does of mail back in thirty four minutes of the full look at your news you are watching our teach. Across europe municipalities are taking their water supply back from private companies to meet subpoena power missiles with simple song alone even some company elsewhere though they invite private companies to take over the utilities many by the telescope was allowed so much you guys forgot to be a while in the going to be. Used by ben pieces of us to quote them out of it will probably have more use than bill bill if bill brought up locals are ready to stand up for the basic. Human rights the access to water is about water but its also over much more the water its about the hurt and the redistribution of all as to birds and dairy date downwards if you want to go. With the whole make this manufacture consent instant of public wealth. When the ruling classes to protect themselves. In the final merry go round lifts only the one percent. We can all middle of the room signals. I mean real news real world. Hey everybody im Stephen Baldwin task hollywood guy the suspect every proud american first of all im just George Washington and r. V. s to say this is my buddy max famous financial guru and well shes a little bit different im not a Abraham Lincoln high no no no one no doubt with all the drama happening in our country im hitting the road to have some fun meet Everyday Americans of color and hopefully start to bridge the gap this is the Great American pill which. This is boom bust broadcasting around the world from raw. Here washington d. C. Im bart chilton. President trump touts the need for a Major Infrastructure Program in his state of the union speech last evening actually banks gives us some details on the actual need as it relates to our nations bridges and the Federal Reserves open markets committee concluded their two day meeting a little while ago danielle de martino booth fills us in plus well speak with an exchange executive ilias skis about markets and cutting edge offerings including cryptocurrency s. And well talk with joshua young the founder of Young Capital management about the largest attack and heis of Digital Currencies ever now lets get to it starting with the state of the union and infrastructure. Donald trumps first state of the Union Address was went off without a hitch he read from a teleprompter and he did so deliberately and like a pro a major component of the speech was this call for congress to pass an infrastructure bill to assist in repairing replacing our crumbling roads bridges rail airports and waterways asking both parties to come together to give a safe fast reliable and modern infrastructure that our economy needs and our people deserve. And the president called for more than the one trillion dollars he promised during the two thousand and sixteen president ial campaign tonight im calling on congress to produce a bill that generates at least one point five trillion dollars for the new Infrastructure Investment that our country so desperately needs. But figuring out how to fund what the president called the infrastructure deficit while the federal government already has a four hundred forty billion dollar budget deficit will be difficult at best the president also calls for streamlining the approval process for permitting such Infrastructure Projects in order to have them completed in a timely fashion well be talking about more about the policy the politics and the Economic Impact of infrastructure in the coming weeks days and months and if congress can get it together republicans and democrats alike and do the right thing for the nation. But right now we have more on the infrastructure deficit as it relates to bridges and some of those Financial Issues heres our tos correspondent ashley big fifty four thousand of the six hundred thousand bridges in the u. S. Are structurally deficient according to a report released by the american road and Transportation Builders Association the report states americans cross these deficient bridges one hundred seventy four million times a day potentially placing their lives at risk according to the report deficient bridges are defined as safe to drive but shows signs of age and decay and are in need of regular and spectrum last year the American Society of Civil Engineers gave us in france structure at a deep plus great the Group Estimates the u. S. Government will need to spend two trillion dollars over the next ten years and order to keep american and some structure from falling apart the group says over the last ten years there has been a two trillion dollar gap and which roads and bridges and mass transit transit systems were neglected at from one point five trillion dollars plan would include congress re directing two hundred billion dollars of federal funds to amtrak and transit programs over the next ten years all calling for millions of dollars to come from cities states and the private sector but downside is that Public Private partnerships usually work in urban areas but require projects that generate money like toll roads and airports now only thirty five states allow that democratic congressman and Ranking Member on the House Transportation Committee peter de fazio believes trump and some Structure Plan will fall apart if there isnt any substantial federal funding adding quote cutting other already underfunded transportation programs to fund a new program is not going to happen and the next few Weeks Congress will have its hands tied with another boy. Battle looming and let the immigration deadline lingering experts believe the likelihood of Congress Focusing on infrastructure this here is slim to none and washington nationally banks are reporting for them but. The Federal Reserves open markets committee has completed its two day meeting it was the last f o m c meeting run by chair janet yellen who is completing her four year term Federal Reserve governor jay powell was selected by President Trump to replace yellen and the u. S. Senate as confirmed him to be the new chair there are a lot of questions about what will take place not only now but in the year to come with the Federal Reserve and the economy plus other Central Banks are charting their own courses while they stick to their plans amidst some of the signals and signs that an economic correction is on the horizon well get into it now with daniele de martino both the president of money strong danielle thanks for being with us again given the president s speech last night proclaiming a quote great economy do you think the effort whimsy members are a little worried with some of the recent Economic Data like the lowest savings rate in a decade and some other data point that the economy may be a little overheated. You know i think that jay powell might be happy that he has seven weeks instead of the usual six weeks to prepare for his for his debut f o m c meeting and potentially that First Press Conference that bernanke instituted because there is a lot on his plate as you just mentioned weve got a two point four percent saving rate clearly the markets are just on hand just animal spirits have been set completely free and were seeing what right vallier recently called a melt up this feels a lot like one thousand nine hundred ninety economies going on all cylinders and yet there are signs emerging from the household sector of stress at the same time that low savings rate is not a good sign j palace got a lot of work out cut out for him right now and so the governors but those thoughts but let me get your personal thought i mean do you think danielle that the the market is a little ahead of itself. Oh gosh yes i do i mean regardless of the barometer that you use the only way that you can say that the markets are not overvalued is if you use the example of one nine hundred ninety nine because the stock market right now is more overvalued than at any time except for One Hundred Twenty Nine including two thousand and seven including One Hundred Twenty Nine the same can be said of the bond Market Deutsche Bank look back to the year eighteen hundred and determined that the bond market is more overvalued then its been in well over. A century to have so its were were staring down the barrel as investors having very few places to hide in the Financial Markets right now because overvalued is exactly where they are. Going to divert i will get you Something Else but where should people be looking for where is a place to hide in markets danielle well i mean you know we have seen at gold began to get up off the floor im no gold bug but i will say this much gold tends to be the only place to hide when market correlations line up in other words when when the stock market and the bond market and say the Real Estate Market all fall out of bed at once which is exactly what happened in two thousand and seven after a period of a great big debt build now this debt build is an even bigger than the one that preceded the two thousand and two thousand one to buckle so id say that investors should be very defensive in their posture and very comfortable with the risk that theyre taking right now if they feel like they need to be in more cash than they should they should be and more cash at this point ok and then back back on track back to the fed specifically so you know Interest Rates obviously act is somewhat of a governor on on on growth and do we just anticipate that we are going to have has as has sort of been. Predicted but by the fed governors nothing to tell us that that wont happen that were going to see some more rate hikes this this year is that what you expect. You know i think the markets are fully anticipating three rate hikes so thats plenty more tightening its building up if not for if you speak to a lot of federal Federal Reserve officials and former Federal Reserve officials they can make a clear case for there to be four Interest Rate hikes my concern is that might be one or two too many for this economy to handle it again this is an economy that is built on the Building Blocks of this economy our debt and making debt more expensive tends to make the Economic Outlook a lot more fragile and one of the people danielle who may have a lot of influence on what the f. O. Mc does and particularly on the new chair jay powell would be the number two in charge the first year in government what the new administration is spent putting people in place and and then the second year they really start you know put it into a second third gear and at the fed we still got that second spot open do you have any idea who the president might want to nominate and are you available well i would certainly be available but im not so sure that they wouldnt bar and change the doors and not allow me im trying to trying to really hear. Who do you think theyre going to choose well you know its been the names that have been cast out publicly by the administration larry lindseys name has been thrown out there San Francisco Federal Reserve president john waynes name has been thrown out there you couldnt get more two diametrically opposed to people when it comes to Monetary Policy making and that tells me right now that the administration is really not sure the kind of individual they feel should be put in that number two vice chair post. All right and i assume that the answer is no to this but i want to check i mean if theres not going to be any significant policy division between j. Paul and janet yellen might there be some other change some sort of form of communication a lot is been spoken about not just at the u. S. Federal reserve but at other Central Banks about how they communicate and and sort of foretell what they plan you wouldnt expect anything different from j. P. L. Absolutely i do i push back wholeheartedly against the idea that he is some kind of yellen clone look what were talking about today is the end of a thirty plus year era of academics running the Federal Reserve he is no academic ive spent the past few weeks poring over the two thousand and twelve transcripts from jay powell first few meetings and there was a lot of pushback on his part to things like setting an Unemployment Rate target or setting an inflation rate target that then had to be moved moving the goalposts and said would never be a good idea he was opposed to quantitative easing the word he used as he was concerned that the markets would find it to be quote habit forming guess what he was right if you reach a pow wows words compared to what the Mainstream Media is saying about him one of us is wrong eight habit forming sort of morphine with q. We try to get off it but they still love it love it love it and finally danielle tell us about what the other Central Banks are doing you know theres been a lot of economic progress around the world but there have been some growing signs overseas and even in this hemisphere with some Central Banks that are concerned about the economy whats one of they doing now. Well you know mario druggies got its hands full with the youre with all of the euro zone because it is growing gangbusters right now and yet hes got a Quantitative Easing Program thats up and running that is ridiculous its ridiculously too loose and we know that the germans are going to be stepping in and naming his replacement by the time labor day rolls around here in the United States i would look for potential more and more tightening than we anticipate right now in europe and dont count out the bank of japan either
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