Something we should be looking at in the next coming weeks i think i think so i think thats going to be one of the big issues coming up as were looking towards the Global Movement of the american diet of the globalization of of meat and of grain and of corn its going to be a big story great one quick thing when when we look at these food programs all over the world is pretty efficient and effective in serving people in the u. S. Fred i mean our of our programs proven to be or is there lots of waste the bottom line is this is this part people dont go hungry because theres not enough food in the world there is three times as much food to feed everybody people go hungry because they cannot afford the food direct Cash Transfer is the single most efficient way of solving the issue of Food Insecurity coffman thank you so much well have you back to talk about trade in food bank. Time now for a quick break but stick around because when we return well take a firsthand look at how china is expanding its influence and investment below the equator plus well take a look at how one tweet caused a billion dollar loss in a stock as we go to break the u. S. Energy Information Agency reported a larger draw on oil reserves than anticipated and the price of crude oil has risen as a result here other numbers at the closing bell. Apply to many flips over the years so i know the guy i mean so i got. The ball isnt only about what happens on the pitch for the final school its about the passion from the fans its the age of the super money kill the narrowness and spending two hundred twenty million and one player. Its an experience like nothing else going to be true so i want to share what i think what i know about the beautiful game played great so will more chance with. The base its going to take. This is Charlie Munger has approached economics. From wells fargo wells fargo to turn charlie monger and war buffett turns to murder. And is Getting International recognition with the help of israel at least in the world of zoos and dismiss it like you know. This isnt my complicity he is going to go to the sun you know maybe. The only palestinians who gets the most help from his to resume counterparts i dont think theres some of those who in the world under the vision didnt know when to do this. And that is all of us not just you have to this lady of the most of that you had i dont know if you competed in the doesnt seem to do more in the middle is also some pictures of. The First National bank of omaha based in nebraska has said it will not reach up its contract to provide credit cards to the National Rifle association the bank is the largest privately owned Bank Holding Company in the United States a spokesman said the decision was in response to Customer Feedback the School Shooting in south florida last week that killed seventeen people is said to be the leading cause of the banks action. The Chinese Government has seized temporary control of the and Bang Insurance Group company and as arrested the companys founder for fraud its a surprising move only furthering chinese president s g. Jim beings Anti Corruption and the leveraging campaigns the government announced it will control the company for at least a year with a possible extension and this isnt an banks first brush with the law in the United States lawmakers brought up ethics concerns when on bang look to invest more than four hundred Million Dollars with cushion your companys the company run by donald trump a son in law jared questioner. The u. S. Has stopped a Chinese State backed deal to buy an American Electric company x. Sara a massachusetts based ship Testing Company withdrew from a five hundred eighty Million Dollars sale to an Investment Group backed by the Chinese Government excesses president david tell celie said that the company backed out due to the unlikelihood that the committee on Foreign Investment in the United States would approve the deal the rise of china is a huge story and one that gets lots of coverage here including a boom bust but what about the chinese chinas relationship with latin america and a huge market with a large and diverse array of resources here to discuss the underreported story with us as rebecca ray fellow at the Global Economic governance in initiative at Boston University welcome to boom bust and thank you for joining us professor we sure appreciate it to start with what is driving this relationship between china and some of these countries. The relationship is being driven not only by a growing chinese demand for new Strategic Partnerships with new countries around the world but also by the United States pulling out of that region so when secretary of state Rex Tillerson expressed surprise today at the state that russia and china and other actors are increasingly active in latin america frankly the only thing surprising is that he was surprised when we see China Growing as an export market for latin American Goods and in fact they now account for nine percent of latin american exports the number one export market for south america and number two for the region as a whole that includes twenty five percent of their extractive goods coal oil gas metals its not just because chinas demand is growing its also because the United States has stopped buying those products from latin America China is really only taking up part of the slack so if secretary tellers and is concerned about this he could certainly do something about it but it would be about the United States buying more of latin American Products not asking latin america to stop selling them elsewhere but of course the president has made it clear that hed like to address the trade deficit by importing fewer goods so really theres nothing to be surprised about and nothing to feel offended about as the u. S. Loses market share in latin america because were buying fewer things and the same thing can be said for investment in the area probably the most famous Chinese Investment in latin america is the yes go ahead. You know i was going to say i have to yet so tell tell us about the difference between you know china and other nations that might want to have a relationship with other countries that i mean it china is helping to prop up some of the the industries and i dont mean that in a negative way but by being a customer they are sort of helping a sort of when when circumstances with these other countries in latin america and thats not a person approach really i mean separate from President Trump thats not really approach that u. S. Is known for is it. Absolutely we see the china opportunistically and not in a bad way taking advantage of the fact that financing and investment isnt coming from elsewhere latin america has been looking for example to modernize and green its infrastructure base for generations the United States is pulling out of interacting with latin america in that way so china is there to help prop up those sectors because theyre looking for new ways to lend money out to support chinese contractors abroad and we have an Export Import Bank that also has that same function but rather than aggressively look for opportunities to support our contractors in Infrastructure Projects abroad its fighting for its life in twenty sixteen all of its operations were paused while congress had to debate whether or not it should even exist meanwhile china is taking up the slack by aggressively pursuing opportunities to finance infrastructure not only in latin america but all over the world so if secretary tillerson sees this as either an affront or competition we can absolutely address that by stepping up the mission the financial soundness of the u. S. Export import bank and many of us would applaud such an effort unfortunately that runs contrary to the trend that the u. S. Government is had not only under trump but also under the Previous Congress so again theres nothing particularly to be surprised about but if the us once to increase its role in latin america again the way to do that is to earn it at this point its no longer a given let america has branched out and made other friends in the absence of a us market in the absence of Us Investment thats to be expected and its absolutely fixable if the u. S. Government sees that as a problem but its going to take action on our part its not going to happen naturally you know james monroe didnt ask permission from latin america when he announced the munroe doctrine and eight hundred fifty and one america certainly never promised not to do business with anyone else and so i was to hear the secretary tell us and bring up the monro dr. While traveling in latin america as if everyone present agreed that it was somehow beneficial for the reason is not only startling but it shows that he hasnt had the staff under him enough to prep him enough to show him that thats not the case latin america has other options now they can put their standards on investment coming in from china china doesnt have the same political strings that come on its money that the us money has traditionally come with china tell me and a professor yes let me let me ask you just us real quick so i know that you looked at your study which was really great by the way but i know that you looked at eight Different Countries but you sort of had a case study on ecuador can you briefly sort of. What how what china is doing in ecuador for our viewers. Sure as one of our viewers may not know ecuador was kept out of World Finance markets for seven years after it looked at the debt on its books and discovered that some of it was contracted through fraudulent methods it cancelled those debts and was consequently cut out of International Bond markets for seven years now ecuador is dollar rise that means they cant print its own coast currency its also a very small country that really only exports three or four products so its absolutely crucial crucial for ecuador to have some source of finance if its not from the International Bond market it has to come from somewhere china stepped in and said yes we will in fact place a bet on you because we do believe that you are paying back legitimate debt you cancel illegitimate that but thats not the same thing as defaulting on all of your debt and so china stepped in became the primary lender to ecuador and also became a one of the major Oil Investors in ecuador ecuador started putting rules in its oil sector to say this money will not all leave ecuador this money is not all going to go and live in the coffers of companies in the United States and canada and europe some of this money has to stay here and go to schools and roads and hospitals and china said fine when other countries left china stepped in and now were currently in a situation where as of a few years ago ecuador is now able to join the bond market again and its really entered the bond market and now we see about a third of it that is to china about a third is to mopey laterals and about a such as for example the world bank the inner American Development bank the Development Bank of latin america and another third is this bond market so ecuador is back on its feet in large part because it was able to look to china for financing when world bond markets had turned their back on ecuador thats the kind of partnership that china looks for opportunities to pursue that the u. S. Simply isnt interested in pursuing. So lets take a half a step back other than the trade component which is a real and and sort of bob just it seems to me and this takes place not just in latin america but we see it with the belt Road Initiative that it seems like its a overarching Foreign Policy gambit if you will to avoid conflict in the future and you think thats one of the less articulated i mean you talk about it in your your paper but is that it when people discuss a manly look at this theyre probably not catching that part of it hello im afraid i lost you for a moment could you repeat your question please i think you and roll me now you reckon china is also yes absolutely and saying that its important to remember that the corporations are part of the government the banks are part of the government and they all serve chinas Foreign Policy this means that on the one hand when china is supporting its own contractors abroad by lending to companies countries for their Infrastructure Projects such as the belt Road Initiatives such as many many roads dams and other investments in latin america theyre doing so with the blessing of their government and in order to pursue a soft power approach abroad again this is all part of what the u. S. Used to think of as the as part of our toolbox of soft power approaches as well but weve dialed back on that side of Diplomacy China however learned from our experiences learned that this is a powerful way to win friends and allies and votes at the u. N. When its time for that and also to support your own industries because all of those countries that are putting in infrastructure the chinese money are using chinese contractors to do it so theyre private so their contractors are getting money theyre winning the peace with their friends and neighbors and theyre winning votes at the u. N. From their perspective that theres theres no downside to it. Excellent rebecca ray we thank you for your paper thank you for your work on this stuff becker a doctoral fellow at Boston Universitys Global Development policy Center Thanks for being with us thank you. And its no secret that america has a bit of an obsession with celebrities but this next story might just take that to a new light snap chat incorporated took a major hit on thursday losing more than one billion dollars in its market value because of a single tweet this tweet from car dash in sister kylie jenner is what caused a stock to plummet she claimed she had been using snap chat the flagship app of the company causing many people to see that tweet and follow her lead this tweet also mimics recent complaints from many of the app users about its new design and interface after jenners tweet the make up company maybelline asked its followers on twitter if it should follow suit and leave snap chat no word on that tweet or what maybelline will do the app has about one hundred fifty million users around the world and its been very popular sensitive to release in two thousand and twelve thats it for this time thanks for watching try to catch boom bust on you tube at you tube dot com slash boom boom bust r. T. See you next time. The world was selling you on the idea that dropping bombs brings you to the chicken or forcing you to fight the battles. That used to try to tell you that the gossip the public are. On the highs and they are not pulling out. Of the heart of a lot. Of what. Or similar for the sports the least skilled because in most of the snowboarding for them and so. Beautiful yes good good new bush and talking of bush will see you put him over the im close but dont miss my feel to move dimaggio or for the oh my mother bridget of the renewal comes from. Surfing demeanor will some day in cinemas or a movie thats part of the deal for the dog for us yes for us lord. Duke of shooting people yelling would someone with mr youre going to show it to be cool almost as a priest ideations requesting them for them to shoot with lethal well what you could give that would usually the nation as we see would use d. C. Just as most always clear some of the best in the fight for the middle someone to be so. Feel on a hot day in a genuinely able bottle mosaddeq in china six oyur. Area. An estimated eighty two feral since underage refugees are now living in greece. You know still more go. To your home in there you go for doing. So many sell their bodies just to make ends meet its. Always in the second or the one the second on again and all the sins in that as helpless as in their lifetimes but it. Also has turned to dealing drugs to make a living. The rest of us in the legend of blood runs a little. They would have been. Looted. On that just. Server i want to do things that show everybody is doing really be very clear right. Away go to. Management. And. Then they have. To feel the. Sun yeah what do you how much. Do you want. To talk to me you might as. Well mean that with good news you still want to talk more negative. World it powers failed to agree on a ceasefire for syrias rebel held district of Eastern Ghouta after two days of talks at the un also this hour. People calling begging me dont do it dont do it dont do it and we did the right thing u. S. President names of the baby American Embassy in israel will be moved to jerusalem despite global condemnation. And russian lawmakers seek tougher penalties for child abuse as erling details emerged from an orphanage. Broadcasting live direct from our studios in moscow this is our two international from thomas glad to have you with us now world powers have failed to agree on a possible ceasefire for the rebel held a district of eastern good in syria the u. N. Security council has postponed a vote until saturday with russia pushing for several amendments to an earlier draft resolution arties come up and thats the latest from new york. Well its been a tough two days of rhetoric and negotiations now it all relates to the district of eastern thats east of damascus a suburb that is currently under the control of rebels and terrorists its an enclave and at this point out the Syrian Government is trying to retake the city in an anti terror operation now at this point the anti terror operation is being widely criticized by western leaders there reporting that civilians are being killed recently we even heard from u. S. President donald trump i will say what russia and want to read and what syria have done recently is a humanitarian disgrace i will tell you that were there for one reason with it to get isis and get rid of isis and go home. Were not there for any other reason and weve largely accomplished our goal but what those three countries have done to people over the last short period of time is a disgrace now we have heard from russian officials regarding the situation there and they have talked about concerns for civilian life not wanting people to be harmed but also pointing out that this is a fight against terrorists and that these terrorists are essentially using the civilians in the area as human shields so weve also heard russian officials point out that its very interesting to hear such Harsh Criticism coming from the people who recently leveled the cities of raka and mosul. We all pooled by the escalation of strikes me humanitarian disaster systematic targeting of civilians and this is how on our ongoing slaughter of trapped civilians its about the focus of the Syrian Government as well and we cool on the whole that has been clear to russia to ensure that this violence stalks. On the. Cattle more of life in iraq and in syria people are much more accepting that because it includes their city being liberated they understand where they were suffering civilians will get caught in the crossfire civilians will get hurt. Syrians will get killed if you want to liberate your towns and cities it comes at a price but unavoidable part of war and commanders have to press on despite that responsibility for civilian casualties in iraq and syria lies with isis we are the good guys and munitions people on the battlefield know the difference now at this point the leaders of the International Community are in full agreement that civilian life in eastern is very important and that the conditions are dire all want to make sure that civilians are safe however there are clear disagreements among World Leaders about who is to blame for the situation in eastern guta. According to the United Nations more than three hundred civilians have been killed in eastern goodis in the airstrikes intensified the organizations secretary general has described the situation there on earth and the saudi government has refused to scale back the operation saying it is targeting terrorist groups that are using good as a base to shell residential areas of damascus three people were killed and fifteen injured in the latest rebel assault on the syrian capital on friday. Political commentator john white says western powers reluctance to target terrorists and good it will only add to the suffering of civilians regime change propaganda as enter the realms of the fantastic groups such as nusra front and jash which is the dominant faction in eastern guta these groups which adhere to the same ideology responsible for nine eleven and a whole litany of terrorist attacks there are no green depicted there rebels partisans of Second World War repute who are by the syrian army meet up Group Soldiers drawn from every part of the multicultural and multireligious Syrian Society there are no being p. T. Theres a lot of the waffen s. S. An army of occupation the than an army of liberation so this not it will continue syria comes closer to achieving its complete liberation and the suffering of the civilians which no one can deny is being prolonged by this continued attempt to undermine the attempts of the Syrian Government and its allies particular russia to liberate the country. The Second Russian athlete has failed a dope ing to ask that the Winter Olympics according to the russian bobsled february federation. Give it to have tested positive for a performance enhancing drug in a previous sample and the games had come back negative and her partner finished twelfth in the bobsled competition on thursday curler alexander crucial netsky and his partner were stripped of their bronze medals after he was found to have taken donia a drug used to treat diabetes. No on friday the olympic athletes from russia squad won their first gold medal at the games and another silver two teenagers took the top spots in the womens figure skating event fifteen year old. Edged out her teammate and close friend. In the final standings after their points from the short and free skate programs were combined the two actually tied in the free skate a rare occurrence but as i pushed ahead in her Short Program on wednesday we spoke to alinas father just moments after she won olympic gold. I was watching the skating performances out of the corner of my eye when lena appeared on the ice rink i stopped watching i dont watch a skating life only recordings of performances i watched. And then mitigated it because i still couldnt believe it only began to sink in when i saw the results of. The russian mens Ice Hockey Team are also going for gold after beating the Czech Republic three zero in the semifinals it will be the red machines first appearance in the final twenty years the decider will take place this sunday with a way are up against surprise finalists germany who saw off the sports powerhouse canada winter games and coming chang have been partly overshadowed by the standoff between the u. S. And north korea President Trump has Just Announced the largest ever package of sanctions against the north and yet trump and kim jong il may have more in common than most people think the two men were spotted by taking a stroll around the olympic coasts. Were waiting for the two main sporting news makers at chang to arrive back in town for the final stage of the olympics. So. Theyre coming out. Mr straw mr kim here again were here to go to some hospitality houses walk around and meet meet some people yeah im going to meet some athletes ive seen a good one kidnapped them back to north korea all right guys lets go. Did you start getting along any better i still have a bigger button and he does but were negotiating the thing with the body hey kids you know i got a bigger everything you do. I call atomic missile. What are you going to get on the twitter game to use it anywhere you want to instagram. I think the best place that we can so. That this less had the bomb. Makers or that was. The dumbest legal trick so we are just outside canadas hospitality house and the leaders say they want to try and get it. We would love to have you but sorry. So mr trump and mr kim were told they can come inside the canada house and theyre going to try somewhere else