Transcripts For RT Boom Bust 20240712

2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 percent just this year now the Organization Also pointed to a catastrophic toll d on the labor market due to the pandemic saying there quine in work hours for the 2nd quarter will be the equivalent of losing 300000000 full time jobs worldwide the funds chief economist also spoke about the unpredictable nature of the pandemic making it difficult to judge where the worlds economy will head in the near future so there is tremendous uncertainty around the focused on the one hand you could get positive news you could have this news on the scenes and on treatments and great a policy support and that can trigger a fast as a company. But on the other hand there are important Downside Risks to which ease that the virus could come back up you could have financial tightening that could lead to dest distress. And for more on this lets bring in some expert analysis from c. E. O. Of Quill Intelligence and former fed insider daniel de martino both and host of economic update professor Richard Wolfe thank you both for joining us today that professor wolf i want to start with you here what do you make of this latest Global Forecast from the i. M. F. Is this what you are seeing in the worlds economy or do you think it might be much worse and what are you looking at when it comes to recovery. No i think my hat goes off to the i. M. F. For being able and willing to correct their own there now we can see room g 8 projections and to take into account i was serious. Im in the relation of having to tell my colleagues here the United States that this is the worst collapse of capitalism since the Great Depression of the 1930 s. We dont know how deep it will cut we dont know how long itll last or one thing we know for sure is that it is already the most severe contraction and if history is any guide the ramifications of that with us and hurt us 3 years to come. No danielle the i. M. F. Chief economist also spoke about the role of Central Banks in fighting this economic crisis as well substantial monetary and fiscal support will need to be continued but appropriate safeguards should be put in place there should be proper fiscal accounting fiscal transparency and when it comes to money policy Central Bank Independence has to be maintained and with the i. M. F. Advocating for Central Bank Intervention danielle if this is going to be the new normal for the foreseeable future. You know i cant see a different path forward that the Federal Reserve for one has had such an impossible time trying to extricate itself from its very large Balance Sheet its attempt at quantitative tightening failed and the fed was it was the chief central bank on planet earth that was able to normalize the most for as little as it accomplished headed into this next crisis when we saw that the European Union went into recession with Interest Rates are already in the negative the same goes with with japan so i think to the i. M. F. Point that its going to be very difficult for Central Banks to step back from where they are given the projections for how long this this downturn is expected to be were not expected to get jobs back for years and years to come so i think that the Central Banks will become a permanent fixture of sorts and now were hearing a lot of bubble talk of the earlier this week we talked about Jeremy Grantham the investor who called the last 3 financial bubbles saying that this bubble is the real mccoy as far as bubbles go and youre do any of your do any research in that if the fed continues to flood markets with liquidity it could risk the greatest financial bubble of all time now do you know is this a real concern of the fed actually worried about this bubble bursting or are they just trying to keep everybodys head above water at this point. So i think right now the fed is is its the latter the fed is trying to prevent this bubble from popping but the problem is that in doing so its unleashed all kinds record junk bond issuance even as companies are being downgraded to junk theyre issuing bonds on the open market weve had the most brisk few days in high yield issuance in history we tacked on over a trillion dollars of debt to an already over indebted Corporate America Balance Sheet so were setting ourselves up for a monumental decline and to your dennys point this truly is the mother of all bubbles and if the fed doesnt have some kind. Internal recognition of this maybe not external maybe theyre not speaking about it publicly but internally there has to be a tremendous amount of discussion about the potential ramifications of a 2nd wave of reclaim the u. S. Economy and what thats going to mean for these lofty valuations and now professor of i want your pinion on all of this fed intervention what are you looking at here and do you buy this as the biggest financial bubble in history. It sure looks like it and i would have to argue that we are in one of those very dangerous situations whether Federal Reserve cannot stop supporting the the Financial Markets because it has tried and they choose not that even the last few weeks of cutting that at had already troubling results they cant stop it but they realize that if they dont stop it they are in fact a rising stock market at the same time that the underlying economy is going extremely other way it would be hard to imagine this having a happy ending and i think it speaks to a level of problems that have not been that are blowing up inside of our economy and that i dont want and this system can cope with it and thats the future i think weve raised and now on this show we often talk about how the stock market is not actually tied to the economy but but we constantly see movement on Economic Data and when the u. S. Equities saw substantial losses with news outlets attributing it to obviously the increase in covert cases that were seeing here in the United States and this Economic Data from the i. M. F. Danielle what is really going on here what are markets reacting to i mean after weve seen is this really just a normal ization after what we saw this last week with some pretty substantial gains. So i think a lot of us in the world of economics these days rely on at data so to speak anecdotal data and i can tell you that the drive time to the studio is half of what it was just 2 weeks ago this afternoon and that weve seen reservations in route restaurant reservations in many of the cities that have reopened come crashing back down as people still begin to shelter in place doesnt matter if the government is mandating it a lot of people that theyre seeing the data these are some of the the highest income earners in the nation and theyre deciding to close their pocketbooks up again and to shelter in place once again this is going to have a ripple through effect on the economy and i think thats what markets are reflecting most of all today professor wolf what are you saying i mean weve saw this record run in tech i obviously again when we talk bubbles tech is obviously there just keeps going up and we saw that record run actually kind of and today as we saw markets not i dont think plummet but we lost what 6700 points on the dow what are you seeing here when it comes to the u. S. Stock markets. I think i see extreme anxiety just as your other guest pointed out reservations at restaurants curly backwards and that. And thats everywhere that you ring out for trying to game. Out on the wrist upswing. And how soon will something happen whether its in the damage or whether its in the underlying weak economy to make people begin to think like cutting the reservation they want to cut their exposure to the market and once that begins with the loss the level that had been funded by the Federal Reserve chris and be as accurate if not more so this time than it was a few months ago professor Richard Wolffe host of economic up the c. E. O. Of quill intelligent former teligent and former fed insider daniel de martino both thank you both for joining us today. Thank you. And as markets real over reports of the surge in corona virus cases lets take a look at the Global Trends and spread of the crow virus with our chief correspondent saya tabular now saw it we know that nations are doing everything they care to fly in those curves but how well are they doing right now or brand some are doing better than others and others are just starting to see a surge in cases now the u. S. And brazil are both doing worse followed by india and russia not countries that are looking better and are illustrating that they are flattening the current are spain u. K. Iran peru and chile and mexico but theres Something Else that i want to i want to take a look at that amongst the countries with the highest reported cases now for example of the u. S. With a population of 330000000 and they have conducted over 20 9000000. 00 tests now thats 90000. 00 thats about 90000. 00 per 1000000. 00 population are the u. K. And russia have conducted a lot more testing theyve done anywhere between 1222125000 per 1000000. 00 people but i want you to take a look at this for example brazil now they have a population of about 212000000. 00 people yet theyve only conducted about 12000. 00 testing per 1000000 population now india the other hand theyre doing a lot worse now theyre down just 5000 test per 1000000 population and india with a population of 1300000000 people so expect those numbers in india to go up significantly in the coming days as they do more and more testing the same for brazil. Can you break down the numbers here in the u. S. Where we put it so specifically 7 states are reporting. Record high numbers obama hospitalization since to pandemic now the u. S. Is also recorded its 3rd highest total with over 36000. 00 new cases and again thats the largest single day increase since the start of dependent but its also not just about the cases youre right its also how many of those infected would eventually need critical medical care and overwhelm the Health Care System and thats where again these 7 states come in a story where theyre having the Record Number of hospitalizations now for example in their distro ported to Record Number of deaths today and california jess hit a record today with more than 7000 new cases and texas more than 4000 people are hospitalized now thats more than double the number at the beginning of june and and these 7 same states are also among the 1st and most aggressive to reopen for example florida most restaurants and stores open back on may 4th while gyms and stores are actually in full capacity in early june at the same went for texas and arizona but to give you a comparison you know a state like maine thats fewer than 2100 cases they announce that restaurants would not be open for Indoor Service anytime soon so were obviously seeing a trend here the sooner the states open up the more cases that were seeing right now and because of all these spikes in numbers states like new York New Jersey and connecticut have Just Announced a 14 day mandatory quarantine for travelers coming from states with a 10 percent infection rate or higher and right now these states all have that 10 percent infection rate or more plus Something Else i want to point out is that none of these states that you see right here every mandated a wearing a mask in public but again expect all of these to change because as you recall new york started with as the epicenter of the virus but now theyre only at a 1 point one percent infection rate brant so correspondent thank you so much for keeping us up to date. And time now for a quick break but hang here because when we return could we soon see fin tech giants moving into the cryptocurrency space well bring you a boom bust panel on the state of the sector and as we go to break here are the numbers at the close. So you need for good in each other than for us who want to. Put on the butters read the book on useless all that business and just. Consider. Me Emotional Learning to want to screw up youll still be stuck or your muscles in the course of your knee which mrs jim above should. Go chill the church. Business. That. We think he minds be soldier because off the boots hes wearing. To church so the soul looks like the moon the apostle to put you know more than the book and then youll get on the show stuck with some Russian Police force. Although. I think the biggest danger that has come out education as you describe is its us highlighted the shootin equality that exists and i think one of the 6 that educationally. Each that changes access to the internet for educational purposes needs to be added to this century to morons. Is your media a reflection of reality. In a world transformed. What will make you feel safe from. The isolation community. Are you going the right way or are you being led so. What is. Was is. In the world corrupted you need to descend. To join us and the devil. Or im a going to shallowness. And welcome back nations throughout the world are struggling to combat the coronavirus as it continues to ravage economies sending some into recessions no economists claim an increase tax on the wealthy might help alleviate some of this pain but so far not many have done so just days before rush is scheduled to vote on constitutional reforms russian president Vladimir Putin announce a tax increase for the wealthy as a way to stimulate the economy. Some a little of what it was since the beginning of the pandemic was the main goal was to keep the basic revenue of russian households keep the employment to help people and solve their problems to support the economy it was through them. Taxes will increase from 13 to 15 percent for those earning more than 5000000. 00 rubles thats the equivalent of roughly 72000. 00 american dollars this is the 1st tax hike on wealthy russians since a flat tax was introduced in 2001 the countrys g. D. P. Is expected to decrease by 6 percent due to the pandemic russia wont be the only nation raising taxes during the pandemic beginning in july saudi arabia will impose a 15 percent value added tax on all goods produced in the country raising the vet rate from its current 5 percent level. And huge news in the Digital Currency world as Digital Payment giant pay pal is reportedly looking at whether or not to offer direct sales of bitcoin in other cryptocurrency to more than 300000 w3cw users globally through its mobile subsidiary venlo some reports indicate that this service could be available in the next 3 months or even sooner joining us now to discuss our host ben swan and Kristie I Ben i want to actually start with you here how big of a push was just give kryptos currencies like big calling. Yeah if you want to know how big its going to be it goes back to right now when you had a little bit of a pause there when you almost said 300000 had to correct it 300000000 users using paypal worldwide thats how big this is home were talking about the ability for pay pal to reach into audiences that where big coing and alternative coins have never been before just to give you an example of how big were talking about you know coinbase is probably the most Famous Exchange in the United States for big coin they have about 11000000 users 11000000 on coinbase by nance which christies very familiar with knows the guys over there by nancy very well theyre the largest in the world they have about 15000000 users so when youre talking about a company of the he miss a company like possibly stepping into this space and introducing about 305000000 users. Cryptocurrency its a very big deal the real i think issue is whether or not its just because or which alternative coins or all coins get to be a part of this is well because if you were an all coin and you managed to get on the pay pals platform it would send you skyrocketing so itll be very interesting to see how that part of the story plays out you know kristie we know the other payment processors have gone down this road before pay pals primary phone tech rival square launched big transactions in its cash app in the 1st quarter of the Service Generated 306000000 in because revenue alone now is it only a matter of time before pay pal gets into this space at this point. Yeah it was doubly only a matter of time before all of these legacy payment processes jumped on board the crypto bandwagon and its not because theyre necessarily believers are quick to the busiest anything but because of the opportunity because its profitable and became trendy and pay pal just like square and Facebook Libra theyre all seeing this as a very lucrative opportunity so at this is a big deal but its also kind of sad when crypto which was designed to be free and get access to the masses but instead now we have the tech and the he meant stepping and self appointing themselves to be the good keepers the middleman to get access very selective point they have been just mentioned when the entire point of crypto is to cut out the middleman but sadly we do kind of live in an age of convenience and so the easier the more convenient the more dumbed down and at makes it for the ordinary user to get access to a bit quiet the more people continue to do use it and adopt it and the more powerful that middleman gatekeeper becomes so right now in a really good position to capitalize on this opportunity saying that they are ready to have that partnership with base so by offering to sell script on the platform they acquire within reach of its 300000000 active users so its a double edged sword on one hand it will increase their points exposure and visibility to the average person but then on the other nor completely. Trusting an intermediary to hold and store and transact your funds which is completely defeating the purpose of. No ben we know that crypto currency faces that a lot of regulatory hurdles specially here right here in the United States so what is that what is standing in the way of pay pal actually going down this road or saying that we could see it in as soon as 3 months maybe even sooner its so whats in the way of this well i think theres a couple of things remember that that there is a still a big disconnect between the way the i. R. S. Views cryptocurrency and the way the rest of the world these crypto currency so here in the u. S. When we talk about crypto currency we refer to it as a currency an Actual Exchange of value the same as with a dollar and thats an exchange of value and so thats how the general public views crypto currency the i. R. S. Use crypto currency as property or as a as a as an asset so if you say im going to purchase you know some bitcoin today the i. R. S. As you just purchased property not that you that youre trading currency so there is a big kind of disconnect between the way the government in this country and Government Agencies view cryptocurrency versus the way that its viewed on these platforms so even though or a pay pal is treating it like you know any crypto currency like it is a currency but i also want to say very quickly to christies point i think this is important you know she was mentioning that there is kind of a standard view of how it should be for if youre a purist for big coin or a purist for crypto currency that youre supposed to be cutting out the middleman and that is absolutely that is absolutely accurate the problem that were going to run into with a company like pay pal coming in is that it will also help to drowned out or crush smaller crypto currencies that have different function than that coin and might in some cases even be more effective or a Better Technology than that point but because people can access it in a very convenient way or as she said a middleman in between which a lot of people like the idea of those alternative currencies are going to get crushed. Kristie is there something that stands in the way. Coin getting onto an exchange like this why why is it so different sometimes you see only 5 coins offered obviously because it offered everywhere but how do you how do you get as many coins onto a platform as possible. Well one thing is that theres always a huge process of the on boarding fee but on the other bigger issue is the fact of liquidity big 1. 00 and all of the top 3 quines are going to be the most liquid big going to the end repl those are going to be the most liquid and therefore the most accessible so whenever you have a middleman such a pay pal doing all the transactions for you now of course want to limit their risk exposure so obviously in order to do that they have to have very quick access to spot markets with all the exchanges so the way that to limit their risk of holding all of these assets to minimize the Price Fluctuations is just course transact in the most liquid currencies and thats the barrier for a lot of you all quite simply because theres not a lot of Trading Volume and. I cant let this segment go without talking a little bit about the price of bitcoin what are your thoughts on the price of bitcoin seemingly being stuck around 9600. 00 of course today as everything went down to drop down to 9300 but what are you seeing here why is it having a hard time especially this month breaking through that barrier. Well this take a little bump this morning but we are still wholly well above the 10 day and the 50 Day Moving Average so were kind of mirroring the equities market a little bit but the big reason why we are currently stuck in this 1000. 00 range is basically the Derivatives Market the Derivatives Market is continuing to grow and theres currently a record setting 1000000000. 00 notional set to expire this friday the 20 so thats actually quite exciting but if we look at where the open interest is concentrated the majority is that 10011002 the upside but on the downside were looking at the 9000 strike which is currently in the money so now looking at the flow data a good amount of traders are styling the 10011000 strikes and buying the 1000. 00 so thats why so much ms distance at the 10000 because the prices start to rise the call sellers are going to take a short. To keep the market from scaling the 10000 mark so has to stay within this range into expertise for all of these call sellers to profit so this is definitely the largest quite option expiry by a mile right now this week so it is expected that the aftermath could be quite. Boom bust cohost ben swan and kristie i thank you so much for breaking all this down for us. And thats it for this time you can catch boom bust on demand on the brand new portable t. V. Up a billboard smartphones through google play in the Apple App Store by searching portable t. V. Could also find it on apple t. V. Devices or simply just go to portable dot t. V. See you next time. So what weve got to do is identify the threats that we have its crazy confrontation let it be an arms race is on all sides very dramatic developments only really im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. You can be both with the yeah you like. I think the biggest danger has come out. As you just try says i like to issue the quality that exists. I think one of the 6 educationally. Changes access to the internet for educational purposes needs to be i think 2 lists essentially to run its. Whats needed National Government already been imaging less of that solicit it. Workable where your morgue or your home or your partner are going to be moving through our various. Look all over. Water source i. Q. All those lucifer mistletoe is just that. It is not my achievement mr davies our 5 year plans were conceived by lineage and carried out by the people themselves if alan would produce or even florek it with the idea of making a film like this he probably be branded as crazy. Now is the sentiment during the war that the soviets were brave heroes resisting the nazis thats going to change of course after the war once the cold war begins. Little people think that hollywood is a free place but really what is strictly defined by. The business and the other side is. How would i define hollywood is they call it the dream manufacture which i thinks true but i think equally its a propaganda factory. Become a battleground in the Us Government people are demanding the shutdown of a local plant from my yankee is right now my focus because its a very dangerous prayer power. The owner is attempting to run the reactor beyond its operational limits this case just sort of puts a magnifying glass on wheres the power in this country wheres it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy is your power lie with the people this case demonstrates that struggle in very real ways. Welcoming our viewers from around the world live from Central London this is r. T. U. K. The u. K. Government promises an alfresco revolution with laws in england relaxed to allow more outdoor drinking dining and shopping but some on the Prime Ministers Scientific Advisory group say the approach risks a 2nd wave of coronavirus one of themselves are saying thats simply no transparency. With the transparency so that we can see the evidence and reasoning its very difficult to come to any conclusions that with the world not all of the measures that are taken. U. K. Researches suggest lifting the lockdown completely in a guinea pig city to see what happens but when the citys volunteer offer talking to the professor behind this study. More than 20 Police Officers have been injured after being called to break up an overnight street party in south florida. And the search shows that Boris Johnsons conservative party was more popular among low income voters than the labor party at the last election polling expert Professor John curtis thinks its a sign of changing times when youre the concert halls you place the ball at your little cost people brutal cost for just all that for people with particular to go to church and interleague University Graduates well for the time being your service good is all a little. Out of the British Border force comes under fire as a report reveals officials didnt know how many Detention Centers they ran we hear from liberal democrat councillor. The u. K. Government is introducing legislation aimed at kickstarting englands hospitality sector the new laws will relax existing trade regulations to help pubs restaurants and hotels capitalize on the july the 4th reopening. Under the plan car parks could be converted into temporary big gardens and dining areas allowing establishment to boost their capacity a temperature change to licensing laws will also allow more companies to serve alcohol outdoors and businesses will also be able to apply for exemptions to have gatherings of more than 30 people and applications can also be made to councils to extend closing times or close roads to host one off events but while the government hopes the plan will see a surge in our fresh go dining experts advising the government fear it may be too soon the Scientific Advisory group for emergency has reportedly advised the government to take a sector by sector approach rather than reopening most businesses at the same time the concern is that full scale opening risks a 2nd wave of the virus or earlier i talked to professor susan me he who sits on the behavioral Advisory Group of sage she said the government needs to be more transparent in how it makes its decisions this is the situation where we dont have a functioning tax tracing isolate system we have an estimated 3000. 00 new cases a day and deaths are coming down quickly so it is still in the very very risky situation where the governments always said it will follow the science thats what it says and yet on the reopening aspect it hasnt has it. Both with changing from a lower level 4 to 3 and with changing the 2 vs one metre guidance say appears to have been circumvented so and the change the alert level rather than being advised by sages previously was done by the joint bio Security Center in the cmos and downing street set up its own review of her scientists an economist who buys all the 2 versus one meter but we dont know who the people were on this review how they were selected and the evidence and the reasoning hasnt been published and without transparency so that we can see the evidence in the reasoning its very difficult to come to any conclusions about the wisdom or not of the measures that are taken it is the government theyre not listening to economists more than Health Experts and its impossible to narrow as i said when theres no transparency one really doesnt know who theyre listening to but i do think that the government owes it to the british people to share the information that they have used in coming to their decisions because these decisions have huge consequences for the physical and Emotional Wellbeing of the population and indeed peoples lives and i think Going Forward that does need to be much more of a partnership a consultation approach rather than a sort of top guy this is what were saying and get on with it are you confident that we will get that transparency. Well i sincerely hope we do because if theres not transparency its very difficult to trust and we know from the Scientific Evidence that trusting in the government is incredibly important in terms of the tiering to government guidance and so if we are to suppress this pandemic is quickly as possible and move on and get back to the lives we all want to get back to we need maximum trust and that does mean maximum transparency and openness and what could Super Saturday actually lead to theres been very mixed messages coming at it on the one hand that were lifting all these things its wonderful go out there and on the other hand well its still a risky situation and so i think in this sort of situation what people do is listen to the evidence there or the advice they want to interpret it in the way they want to and that collectivism that was so well built up at the beginning of the pandemic is really fragmenting and its a complex and its a critical situation we are still in a Public Health crisis and from the way that the governments talking i dont think you would realize that but we are peoples lives are being lost every day as a result well as an alternative to gradually lifting the u. K. s locked down scientists have proposed totally lifting one local area to see if we keep testing could help control the spread of corona virus researchers say the ideal candidate would be a town or city of around 250000 people all restrictions will be removed with a strict testing regime and all households with positive cases moved into corinth but would anyone want to be a guinea pig for that experiment or we asked the residents of the english city of chelmsford which is around the right size. If not all crammed up in one place everything infected and no one knows that everythings a good idea but i think there are sections of the population who need to be protected elderly people people with. Recurring illnesses we cant just throw them to the wolves or provide its not the city but now ive rolled the answer would be definitely not why not. What until its completely gone and weve got a vaccine for it is here forever sorry the scary on the why we all dont think a log rash ability to tell to be honest yes the virus has gone away why would we will anyone want to be an experiment what is the point of odin the up down and being social distancing in the senior families for months and months and then do that makes their sense. Of the world this and i joined by the man behind the experiment professor julian pisa because of it i thank you for joining us i dont know if you heard our interviews with the residents of chelmsford there but youll find it tough to get a city actually sort of willing to be your guinea pig like you i dont think so do i mean the point is its just some people cars are looked down the streets were and some people werent but every week well see what the infection rates in the city are in a city of 250000 you might i mean that theres something of the order of one per 102000 so you might find 100 cases or 150 cases where the 1st week you do it but if you can do 23 weeks if you go to just 10 cases the liberties going to come out and the fact that it will come out a different way is actually Going Forward to look at the infection rates during that initial period where youre going to get data about 2 or 3 weeks of the build up that thatll give you days from whats happening and its quite wide to requite wife not to come out if theyre worried if its not working but maybe youll see it from on a weekly basis whether it is work if youre 101st we can see you next week continue for the next week the liver is going to come out. So the fact that everyone doesnt come out since its actually good will but will well actually the scientific information but i think in the long term you know have been will join of hope why did you get the idea of doing this so where do you propose doing it. Well i mean the city which is actually i mean has been doing a big pilot study and i mean were going not theyre going to do it in the whole town remains to be seen but i mean theyre were doing a pilot study of about 14000 people and incidentally theyre comparing saliva test a swab test and evaluating the the party lamp test you know the cheap just against p. C. R. So theyre doing a very large preliminary study so i hope it will be there but i mean well see whether testing and pointing is great in theory they but how do you force people to do this when you turn to the say so you launch and ask people to of its a join up and i mean youre quite a lot of people people when my being tested is coming out of quality and theyre worried about in short we would be happy to just test we crap like that with that gets reach us so i think it would be testers and this isnt new coercion and sure i mean if you if youre tested then you accepting the rules of the game which other if theres an infection in your house youre going to quarantine who voted for it but it will be a tiny bit about one in 500 or one in a 1000 houses that have to go to corn genes i mean the vast number of the vast majority will be affected theyll get a free test and they can do what they like well just ask you to fill it a questionnaire saying what theyre doing and see what the results of but also how they would you enforce quarantine that. I would know that that that that i dont know how you can force that i mean that that thats a interesting question i mean you could you could have legally enforced went or you a and that something for the government to decide of the big one in the study cited the problem that if it doesnt work as an experiment you would end up with a massive debts tell or you could do a couple. We are short off i mean people are i mean people coming out a lot when anyway i mean edges that dont think theres going to be a dramatic difference in the behavior theyre going to the real question will be whether the new the i mean were expecting the infection rate to go up at less than country obviously because people are coming out a lot that there are going to be far more cons as you may know got very far little got bit a living there a successful outcome will be big in this town to behave more or less like everybody else but it is the one telling you where the infection rate goes down with what was going on rules for that if that her safe or facility if it does work then if it does work wed need about 10000000 daily test u. K. Wide that simply isnt feasible on the other hand as it. Is easy i mean the extraordinary thing that the r. T. Lanter says you can do its a source of hot water and not just you should really mean it one side of it you simply maintain it at 63 degrees centigrade the 20 minutes and then the e. U. I mean you can lead the. Test positivity by the color change by just looking at it in fact i mean these systems up with color images linked to computers have a more sophisticated system. Including sensitivity but i mean its something that doesnt require expensive Equipment Store personating stuff professor julian peter thank you for joining us. Live. More than 20 Police Officers have been injured after they were called to break up a street party in brixton south london the home secretary has described the clashes as the to leave while while the mayor of london has condemned the violence r. T. U. Case the everest actually joins me now with the latest here from brixton shadier hi there so some striking scenes overnight well. Yes absolutely what the gallows a large street party a gathering that was quite peaceful at the beginning we saw around 100 people here gathering in a nice socially environment at the beginning of the early evening but eventually descended into some Police Clashes whereby police came to the scene on this very very incorrect still around 1 oclock 2 oclock in the morning to try and disperse the crowds but there was a Huge Police Presence there overnight and we did see some videos of the incidents whereby police and members of the public were clashing we saw perhaps being throwing tools to these but also the police reengaging in quite an aggressive manner as well now as a result 20 peace officers were injured 2 of which were even hospitalized at this point in time we know that 4 people remain in custody over assault and public order offenses and directly behind me we can see that the police they have just come to the local area to try and speak to the community to see how theyre feeling as a result i myself have been speaking to local residents they are quite shocked and theyre quite shocked by the entire situation they say it was rather shocking and they couldnt believe it was happening on their very doorstep they did say as i mentioned it was a very peaceful street party at the beginning and they argue that other people came in from other areas descending into these clashes with the police and they say that those people have really tarnished the name but i also need to really contextualize all of this of course we are in the middle of a global eruption of the black gloves marked as a movement to many people here from the community who say at this point in time the police really should be doing a lot better in. Events and incidents like last night radio only exacerbate the tensions between the police and the community. Its also have to do with us black people that whole we feel as well. Because we are we feel as if theyre being targeted so when we feel as if theyve been targeted for me i will retaliate you know im quite peaceful but other people they will retaliate the police of secretiveness nice the community and there would have been no problems this Community Office and stuff from around here because easy to situation we need everybody to fight i think everybody would have left but when youre taken out your buttons and youre pushing us and he and us like were ahead of sheep it makes us feel like animals i dont like stuff like that you know at the end of the day how i see this stuff but just for many of the parts is a 1000000 to one things going on and ive never ever seen a bunch of Police Officers like yesterday disperse in people out like that they walked through them peacefully an oxe them nicely and they could have done the same thing to us. Now the Prime Minister Spokes Person has said that there were appalling scenes in the violence against greece will not be tolerated weve also heard from pretty patel the home secretary shes took to twitter to say label that the incident was vile weve also got comments then from the mayor of london who called last nights events as completely unacceptable pointed to the fact that the United Kingdom is still amid a partial lockdown we are aware that the corona virus is still out there and most gatherings are not yet committed which brings me on to the metropolitan police that says an event of this scale was unlawful but of course it does raise many many concerns particularly because pubs and restaurants and bars but not yet open we also know that Community Centers for the people in the community are not yet open so people are taking to public spaces like streets and parks to congregate in a social fashion but crucially none of these spaces are surveyed theyre not patrolled by police and theyre not lit parks are not even lit so many would argue theyre not in fact safe spaces to congregate at school and that really brings me to the final point of policing all the lack of during this coronavirus pandemic many people may point the fingers at the government to say where have the police been so it looks like all facets of the Coronavirus Crisis will be part of the microsoft microscope not medically not clinically but socially as well. Each other and study thank you very much indeed. Still to come this hour. A study shows the tories were more popular with low income voters of the last election the labor polling expert Professor John curtis explains why. The reform reveals in the british board a force to know how many Detention Centers around we care for a liberal democrat councillor. Every single car crash in america pretty much just doesnt do what it says it does of Good Companies dont make for the cartel based on my cars the computers dont make computers they built do what they say theyre doing all theyre doing is theyre gaming the system by getting a free pass from the spread if youre part of the privileged class and then you know whipping that up to be cheered paydays for the executives. I think the biggest change that has come out education to destroy us is its us highlighted the shootin equality that exists and i think one of the things that educationally. Changes access to the internet for educational purposes needs to be i think 2 lists as and truly are to her right its. Oz no 2 no crow. No shots no. Action just belts because. You know well its true no 1st. Point should your thirst for action. Welcome back study has a fail the Boris Johnsons conservative party is more popular among voters from the income backgrounds the Joseph Rowntree foundation found that joining the 29000 general election the tory party had a 15 point lead over labor among low income focus the tories were also among high income voters but by a small margin 40 percent of voters in this category back to the conservative party won just over 30 percent back play back well punning experts Professor John curtis thinks the latest findings only settling down to the concept of parties brecks that campaign more of these than weve long noted above us to source the European Union the support for leaving their premier here is high up its a clear amongst those who have less the education over Care Insurance less likely to be able to make use of the fruit of provisions of the earlier youre much more likely to be people who have the right feel that your news is being changed by the immigration of people whos to tell me. Now people with less in the way of never mind quarterly cations are generally speaking its a commodity hiring comes in the start dot speech at the principal edge of whats going on here given the op was Boris Johnson managed to do the tour to diageo that should was there look at all the increase in support of the conservatives in joining 2017 of arts new viruses but at the same time lost ground yet again amongst the main voters and not is does us mean though we do not have a conservative body whos there that actual profile its very very different from who are used to where usually think of the to sever policy as the party of middle class People Better look out for exists and that for people with higher educational qualifications in terms of University Graduates well for the time being at these various studies on us there is no end in concern or to pursue bricks. To continuing to say that were not going to extend the transition period thats the period of negotiations for a long term relationship either the transition period will be over the end of the or come what may he is clearly trying to continue to come on to that constituency but of course one of these we do have to remember in full its as if an stillborn the side of the crucial events that has happened since their tree house be purified Public Health crisis a Public Health crisis that many people thought its going to hurt those the lower incomes those on higher incomes. Well meanwhile on the opposition benches rebecca long bailey has been sent to the u. K. Shanta education secretary by labor leaders the case tama earlier this thursday the m. P. Fossil for today eccles retreated to an interview with actress maxine peake in the article p. Claimed American Police and the practice of meeting on suspects next was from training by israeli nor enforcement long bailey said she sheds the article because of her respect for the actress and not as an endorsement of the content a spokesperson for the labor leader said the article rebecca shared earlier today contained an antisemitic Conspiracy Theory Professor John curtis believes labor latest case dhamma acted decisively but certainly not the judge that our kids thought about does not want any consideration of the criticisms of difficulties that his party is faced by to jericho aware of which the issue about to summers as it was warner is clearly interested in the 3rd place it is certainly just a cure is the person who course was his principal rival in the leadership race and that its a whole lot later. Now report has revealed that British Border force didnt know how many Detention Centers it runs and criticised the lack of oversight and accountability. The study by her majestys inspectorate of prisons found that vulnerable detainee is a being held for too long one pregnant woman was held in detention for 28 hours with what it considered little meaningful engagement in another case it took border force 2 hours to take a pregnant woman to hospital after being told she had been dating for 2 days and had been confined in a van the report also revealed that little or no legal advice was made available to people being detained the chief inspector of prisons says there is an urgent need for a comprehensive National Audit of the process the fact that border for senior managers could not even tell us with certainty which of their ports actually had detention facilities suggests an alarming lack of oversight and accountability there is an urgent need for border force manages to undertake a comprehensive National Orders of detention to assure themselves and the public that all sides of detention are identified properly equipped for Holding Detainees and subject to consistent management by the chief inspector of prisons did and that staff tried to provide a respectful detention but detainees were often held in very poor conditions a Home Office Spokesperson says an audit was launched last month and new processes for recordkeeping have been developed we take the criticisms contained in this report seriously and work to make improvements is already underway an audit of all border force run Short Term Holding facilities which will establish National Accommodation standards was launched last month a new process is for Record Keeping to ensure length of detention is kept to a minimum have been developed. All the more this a nice liberal democrat councillor Rochelle Schaeffer to pay many fines for joining us i mean how bad is the situation in detention facilities i think this is really horrible were not even maintaining normal human rights a duty expected for a civilized nation how can you possibly expect any party to respect us if were not even giving proper care to pregnant women to children allegedly killed some children have been handcuffed we supposedly eliminated all. Detention of children in migrant situations well could it be a few isolated cases or is this a wider systemic issue. It could be a few isolated cases but the poor force officers should have proper training and understanding of what the rights of humans are and what the rights of right grants are rather than just assuming what they want to do training should be increased and monitor jeff need to make sure they are actually doing what theyre supposed to be doing well is there abuse going under the radar because of the Coronavirus Crisis very possibly because a lot of people werent going out and checking so they more or less work by themselves they could do what they wanted it seems im assuming their supervisors knew what was going on or else their supervisors werent able to actually check and make sure that things were going according to what the standards are the government argued that theyre trying to balance Border Security with asylum rights yes but we still have to have human rights we have to treat everybody with equal treatment and humanity we should be seeing in you main just because somebody comes to another country doesnt mean we should treat them in you mainly or no one wants to detain people unnecessarily but we do need to keep a system the system to keep the borders secure dont we. Yes we do need to keep the border secure but theirs being secure and being you mean in the process what else could the government do then to protect migrants. We could have some advocates there so people could be told about what their rights were. We could have different other ways of dealing with things the training the training of all the officers should be there are 5 and they should be required to do a certain amount of training if youre in any profession you normally have to be nearing professional education they should have some too and they should be required to actually prove theyre doing what theyre supposed to be doing and how quickly do you think that these new rights all the new systems could be implemented. They could be implemented within 6 months or year depending on how slow the government is the governments not known to be very fast in doing anything. But thats true in both countries but how quickly as it is going to say what willingness to think from the government there is to actually implement changes. Based on some of the responses of some people in the government i would say that xenophobia at times could be possibly getting a little bit too high we should be treating everybody equally no matter where they come from consulate rochelle shepherd debate many thanks for joining us thank you and ill be back with more news in just over half an hour seen again. He started to go. For good and he just you know for those who want to. Make it on the but i. Was told that this isnt just. Learning to be. The least of korean missiles from the media which. We still. Dont feel the. Compassion. That. We. Soldier in the boot shes wearing. Which so so looks like to move the opposable opinion with. The sure stuff in that summarizing the police force. Well all find. Are we going to. Actually be. Sure that we. Have the right. Actually. Did everybody know very well but these are pretty well you know this has happened here will russia be a favorite. Because. Your life is really pretty good at least to say that youre the 1st government minister to come toward t. After quarantine so thats why were grateful and welcome again lets get going thank you so much for a mutation its great to be here but i do have to say that you flew into the russian capital. At a time when still every day there was 1000. 00 plus new cases in moscow. But in hungary theres only a total of 4000. 00 a bit more than that arent you worried and is it