Transcripts For RT Boom Bust 20240712

Their owners while americans will be the majority and by dance will have no ownership in to talk global meanwhile by dans put out a statement of their own theyre claiming to dismiss these groundless rumors and said the company would retain 80 percent of the newly formed tiktaalik despite trump saying it would have nothing to do with china wont buy dance also denied president trumps claim that a 5000000000. 00 fee would help set up an Education Fund many remain skeptical the deal does not sufficiently address National Security concerns will uncertainty remains as the 2 Companies Continue to battle over ownership whether chinas government will even approve the deal or prevent it. Just one week after new rules kicked in on the bar to ban u. S. Companies from working with chinas Telecom Giant wall way well things have changed quite a bit the move against wall way is part of a broader International Campaign that includes many countries banning wall way from participating in their 5 g. Networks this includes australia although the whole movement seems very cut and dry as arties alex mahela which tells us theres more going on behind the scenes. It looked like a done deal. On the china firmly opposes the u. S. Is deliberate discredit and crackdown on weiwei and other Chinese Enterprises on september 15th the u. S. Banned companies from supplying for servicing while way arguing that the tech giant was being used by the Chinese Government to spy on other countries a big ticket item in the ban is chips huawei is prohibited from buying components from american and north American Companies that were developed using equipment or software made in the usa however the u. S. Already seems to be boosting its hold according to a report from china intel has been granted a license by the United States to continue doing business while way which will help while we laptop division other companies have also suffered mission to work with the worlds Biggest Smartphone maker this includes China Semiconductor Manufacturing International corporation that uses u. S. Origin equipment to make chips as well as south korean chip maker escape hynix meanwhile the campaign against well wait its also seen some polls in other parts of the world neatly australia relations between china and the land down under have been tense since australia banned while way from supplying equipment for a 5 g. Mobile network back in 2000 and t. In response what were his cut jobs and investment in australia heres what was cheap Corporate Affairs officer in australia Jeremy Mitchell the reality is you know we weve gone from a 1000 stuff next year will be a 100 stop you know the impact on the 5 j. Band and the great stride the china relationship has had a huge flow on effect while we also cancel that 72300000 us dollar investment for research and development in australia in addition what ended its older sports bonser ship deal with the Australian Rugby Team all in all not everyone is happy with the australian governments maneuvering really really sad died as jeremy said that will stay. Will be still be appearing as a sponsor next year will be i am the very very lucky if we find another one as good as y. Y. With resistance in some parts of the world while way its been exploring other avenues to continue its growth the Company Plans to open its Flagship Stores in 40 smaller outlets across europe by the end of the year while way has also committed to deferring funds from the u. S. And investing more in russia in the words of why we see old friends in face after the us included us on the entity list we transferred or best made in the us to russia increased russian basement expanded the russian scientists t. V. And the increase the salary of russian scientists at a grander scale but somebody is set to take on american multinational google by developing a new operating system to replace googles android will by 000 s. Currently what we have 600000000 users in its ecosystem. Bus on outsmart of each. And i want to take a deeper look into this were bringing cohost christine an editorial director for the American Institute for Economic Research Jeffrey Tucker jeffery washington has been pushing governments around the world their allies to squeeze out wall way and barred u. S. Companies from supplying or even servicing them now this the intel has received permission to supply wall way one of the United States allow this license to be granted why not a smoker or even as next like alex said. What whats happening is that the chap administration is gradually realizing were living in a club with economic environment not easily disentangled by the nation state and this is an accurate and basically acquiescence to that to that reality and its a sign a certain amount of flexibility on the part of the chump administration they will not be able to drive this this iron wall between between china and the u. S. Its not plausible in a in a digital age and im i have to tell you im very impressed by the wall ways response here theres its clearly a company run by some very smart adults who are more interested in prosperity in technology than they are in Just National pride i think wa way gets a better into the deal here Trump Administration is going to lose this war with b. Could be part of a we know that back then when it while i was issued to the entity list the United States was still granting some of these licenses to American Companies to continue to do business with wally is that connected to this. Well yeah i mean it certainly is i mean this thing is that what you really do have here is trump whos trying to apply the old 19th century rules of protectionism in a in a digital age where everybody is connected no matter what the regulators are saying so this is some backroom dealing to keep the function and to keep to keep American Companies supplying weiwei in a way that trump liberal believes will benefit american jobs sort of course youre right its its intellectually inconsistent and a lot of its about whos paying whom to get their get their way in the Global Economy today well kristie the talk war continues obviously is beginning to take a toll on local economies such as us australia as alex mentioned in his piece United States ally who again joined the boycott against wa wait while we were veiled the 100000000. 00 local cost of this tech cold war how australias economy handle this. Economy is not going to handle this well at all as and im the analyst already estimated that this 5 g. Band on holland has already cost australia over a 1000. 00 high tech and highway jobs from the economy and from a revenue standpoint its gone from annual revenues of easily 1000000000. 00 with 5 g. To a situation where in the next few years revenue will be below 200000000. 00 so as a also suffered damages from being a casualty of this tech war it has reduced previous of planned investment endeavors in part due to the 5 g. Been set in place and also in part due to the rising tensions between china and australia so this is very harmful to economies like australia who was relying on these have the investments so holly abandoned its plans for large scale r. And d. Development in australia it closed another 60000000. 00 operational and Business Support Center it closed another 30000000. 00 National Training Innovation Center terminated in multimillion dollar funding on the internet of things lab which basically cost the entire economy thousands of local jobs so there was also previous plans were another 100 1000000. 00 investment in Western Australia for a global or indeed center for 5 g. Mining applications given that australia is the world leader in reeds in the resources sector but the 5 g. Band obviously killed that so local officials are worried now that australia will suffer greatly with the loss of current r. And d. Spending but more importantly the loss of future r. And d. As it will not be able to keep up with the quick pace and turnover of Technological Innovations and we know its really important in wa way there are in dispensing its as a company that spends the most amount of money in doing so Geoffrey Huawei is now now intends to enter this p. C. And monitor market so theyre kind of diversifying right why the sudden shift here are they abandoning their plans you think to be the Global Leader in 5 g. Is this a sign of defeat or are they simply just looking at other other departments to go into essentially this is called the law. Long game theyve got their eyes on apple and microsoft on google theyre not going to take this line down operating systems you can build them you can create your own ecosystems you can create hardware we know how to do it. Huawei is specialized in this and both both replication and innovation so this is an extra really ambitious view theyre looking at 510 years from now were kind of laptops are people going to be using what what is going to be the i o s whats going to be the operating system on peoples phones while away wants to be the Global Leader and theyre betting that they can do it and i i dont think its crazy i think its actually possible this is not you know 20 years ago this we know how to do this internet now weve seen a lot of cooperation now between while away and russia and some of the best Tech Developers in the world very very resentful about what the u. S. Has done to our way and have every incentive financial and intellectual and national to come up with technologies that can that can be made to us at its own game so really in a way us is really poke the bear and its i think theres going to be hell to pay sometime over the next 5. 00 or 10 years for us industry oh yes i seem to always actually very much at diversifying here obviously its about who can make the best products but also the most economic products so thats what companies are really looking for to save them some money earth on my least financially less than those that less are less financial level of a burden on these companies kristie the u. S. Continues to isolate and block wall way though and its increasingly turning now to russia transferring investment what does that look like. So the hallways c. E. O. Renton confirmed that after the us out of our way to the entities list it transferred over massive amounts of investments in the u. S. Now over to russia so as jeffrey just said huawei still intends to be global influence and its now recruiting developers and manufacturers to help to build a 3rd alternative to googles android and apples i os so while i says that there is room in the Global Market for another operating system and that it plans to take this opportunity now the u. S. Is looking at this development and seeing the huge risk that it presents to americas control of the worlds mobile ecosystem but then again it is kind of the u. S. Its all in the 1st place far backing away into the corner so this is the only logical are turning to the bear otherwise it would have continued on happily using android in the 1st place so after waging this war against the way for over a year now americas action against policy has left the door wide open for russia and so much of what i said before about australia is not only about the Current Investments its always about the future investments we talk about tech and are indeed because of the fast pace of Development Cycles these days the u. S. Lost out in r. And d. Of 5 g. Technology and its falling tragically behind and instead russias own tech sector and Industrial Base has gained gotten a huge boost so china is kind of racing to do a couple its apply change and industrial capabilities from the u. S. And now engage with russia who will benefit hugely now from these partnerships right and we think about at what point does the United States actually say you know this is enough that were seeing this a little bit by them loosening these these restrictions somewhat on actually supplying things or these these properties to to walk away so i guess time will tell but this saga continues it seems like it never ends but i must cohost christine an editorial director for the American Institute for Economic Research Jeffrey Tucker thank you both so much for your time today. In good. Time now for a quick break but hang here because well return u. K. Prime minister boris. Johnson well he announced new instructions and has a time to curb effect and wave of the coronavirus but how will this affect the already shattered economy. As we go to break the numbers up but. Now look forward to talking to you all. That technology should work for people. I robot must obey the orders given it by human beings except where such orders would conflict with the 1st law show your identification for should be very careful about official intelligence at the point obesity is too great a transfer of them shia. Might take on various jobs and with Artificial Intelligence will summon the demon. Must protect its own existence as a mix of. Cash cow and is drawing all forms over a long very hard theres cherishing page dard serves our heart. His 1st words were added i will see you are a challenging post youve got to use to me as. I have no doubt that what happened was scriven. Lets concentrate machiavellis 1000000000. 00 industry these companies have a huge financial motivation to solve these problems there are numerous talking. Doctors were keen to test concentrates for infectivity on the patient gives them doctors the raunch to play. Why they would keep me and secure those. People still i dont know which question michel are you being far too late where so many have. You know the stock market as a subset of the economy has undergone a transformation become a plaything for speculators fueled by incredibly egregious money printing by a rogue central bank and this is causing all manner of dislocations malinvestment societal changes. Americans are divided not to find its all white music you shouldnt resign today citizens are challenged ideologies become exclusionary engine color the supreme court. Charges to politics and worst of. The mentally is there a way out of this downward spiral. A new round of lockdowns has been announced by u. K. Prime minister Boris Johnson well after a warning by 2 scientists that the u. K. Could see 50000 new cases of corona virus by mid october when the u. K. Has imposed new restrictions to limit the spread of the virus the list of those new restrictions and clude Office Workers who can work from home should do so pubs bars and restaurants in england will be ordered to close by 10 pm each night patel of the sector will be restricted to Table Service only. Face coverings must be worn in taxis and private hire vehicles and buy retail stuff while at work while customers in hospitality will also have to wear face coverings except while seated at a table to eat or drink other planned return of spectators to sports venue it will now not go ahead from october 1st and wedding ceremonies and receptions will be kept at 15 people from monday and the u. K. s Prime Minister says that while the lockdown will not be as severe as it was back in march these steps are definitely necessary i want to stress that this is by no means a return to the food looked down. March we will ensure that business is constrained in a cave compliant way however we must take action to suppress the disease. First we once again ask you Office Workers who can work from home to do so in Key Public Services and professions where working is no such as construction retail people should continue to attend their workplaces and like. This house will be free to take food its business. Secure way. Joining us now to discuss is board member with the British American Business Association hillary ford which hilary thanks for joining us today there has there has to be some a lot of anxiety rather from a Business Owners here that just as they thought that these are downs were actually over theyve been hit with a 2nd round what are you hearing yes im hearing what you wouldnt be surprised to hear both across the atlantic actually so in the u. S. Is purported that 85 percent of family owned restaurants are going to disappear and in the u. K. Its purported that about 50 percent of all travel related Companies Restaurants and sort of retail small retail owned stablish months are going to go out of business so i mean obviously this is something that is sort of a blow at the moment definitely however i will temper about with some optimism and that is in terms of the japan deal but as being just completed by the British Government in light of course of bricks that and also there are talks underway by the secretary of trade as trast with australia australia so couple of good things to look out if you referred to the think tank director robert odes hes a think tank director for the British Group hes actually pointed to the fact that there are Many Companies that are currently based in the e. U. That are actually thinking about relocating to the u. K. And this is a reason for optimism im hearing this from a lot of british leaders on the euna lee but just recently was discussing leaving the netherlands and moving to the u. K. A number of Car Companies are discussing moving their production facilities from spain to the u. K. So from Business Leaders to all. Question now in a nutshell im hearing a degree of tempered optimism i mean of course g. D. P. Fell by 20. 4 percent in august and it is reported by p. W. See that for every year that the lockdown continues a 15300000000. 00 is lost towards g. D. P. So of course its negative of course this isnt positive of business but actually sarah only 17 percent of the British Public oppose this so the support for the lock down in terms of whats right to do and yet of course concerns for those businesses that wont survive well the fact that theyre not doing a complete lockdown as we heard Boris Johnson say ben i want to bring in ben swan investigative journalist i want to talk about the science here patrick valence the British Governments chief scientific advisor and chris wendy chief medical advisor officer for england he said the number of krona various cases is doubling roughly every 7 days was there really any other choice but to reinstitute this sort of lockdown i think theres a lot of choice here 1st of all theres a lot of criticism over these numbers in fact theres a group of scientists who have come out against it saying that its implausible that they would actually get to the point of having 50000. 00 new cases per day they say yes were seeing this 7 day increase but they do not expect that to continue to go for a prolonged period of time and also in order to get to that 50000. 00 new cases a day the u. K. Would have to have such a significant jump it would have to vastly outpace both spain and france that have much higher numbers of cases the cases in the u. K. And so in fact there was one scientist in particular who came out against this and said that this should actually be examined by the way professor david paton hes with the university of nottingham and he said these figures may suggest an investigation from the office of statistics regulation which regulate regulates the accuracy of data given to the public so these numbers are completely off by the way i want to throw out one of their names Neil Ferguson remember Neil Ferguson. Was the scientist who initially started a lot of these models for lock downs and shutdowns saying there would be 200000 deaths in the u. K. And 2000000 in the u. S. Where hes been proven to be completely wrong in almost every model that hes put forward not because a lot of success but his models are just completely off and hes back at the forefront of this also saying this is a perfect storm ready for more you know absolute destruction if this doesnt happen so at some point i think you have to have a commonsense approach that says we have to stop believing people who put out these these eroni as models get it wrong and then they come up with another one and yet government officials heed their warning as if theyve been right there at a terrible truck still listening to them hillary lots of the talk about the business to use here that theyre demanding brags that you know you mentioned a little bit about the new japan japan deal the huge deal that the u. K. Made and the replacement now there is a replacement of the furlough scheme to safeguard u. K. Manufacturing firms and jobs and thats in response to the 1st lockdown are you thinking and do you do you see this 2nd lockdown only making the situation worse well i do and if i may sarah just actually given that ben race its an excellent point with regard to Niall Ferguson he was actually caught having an extramarital affair visiting this woman without any kind of protection whatsoever and his facts actually were totally and utterly off base so i do think a lot of this is blown out of proportion and also a lot of doctors have been pressured to actually report desk where really the deaths were due to preexisting conditions i mean deaths are always sad and were not downplaying desk but lots of deaths are due to this preexisting conditions like cancer and leukemia as well as a lot of obesity and thats the cause of a lot of this so there are lots of factors and the numbers are necessarily accurate now to answer your question with regard to the 2nd follow yes thats not something the Business Leaders and this is so really look forward to theres been a lot of pressure mostly actually to get the brakes it deal don going back to my earlier point because then the u. K. Is freer to make global negotiation. Particularly with the impending deal with the trade deal with robot lighthouses in the u. S. So businesses want the focus to be brecks it to be completed and yes they do not want to have their businesses shut down and its making it harder been one right left theres a lot of concern the the u. S. Could soon follow the u. K. In terms of this krone virus resurgence are we looking at the same the same type of issue that we face here. I think we could be if we continue to listen to the kind of nutty scientists like what theyre listening to in the u. K. Very quickly the bottom line is when you listen to these socalled experts you need to look at where their funding comes from many of these experts are funded by either Vaccine Companies or people like bill gates who are pumping money into these organizations and they are touting the line that does not match the data involved and i would challenge people look at the numbers for data for the u. K. In terms of new cases and numbers of deaths just are way down right new cases and a lot of the cases are up and actually a lot of the cases up just because people actually have the testing that also is i was alone all the more about that iris now than we did months ago so definitely a better situation now hillary for it which has been swan thank you both for breaking this down for us. Now to new york where a team of mathematics may have finally unlocked the secret of how point of rock formations known as dawn for have have gotten their shapes and what they may have discovered that may be sweeter than you think turning tavis has more on the story. The stunning razor sharp tips in stone forests have long fascinated scientists but no one team of researchers here in new york are setting out to discover exactly how these magnificent structures are actually formed and theyre doing it with a new sugary experiment and a new study researchers from n. Y. U. Investigated the formation process behind these jagger pillars by simply using candy to test their simulations in the lab the Team Combined granulated table sugar corn syrup and water in molds. To make blocks in single pillars of solidified candy using sticks of the sugary treat the team discovered that cylindrical shapes can naturally sharpened into a point in still water as they dissolve and no complicated flow is needed the simulation shows the sharpening effect occurred as the candy dissolved making it heavier than the surrounding water therefore the sugary water sings downward almost like a skin coming off the candy the coauthor said in a statement we 1st discovered the spikes formed by dissolution when we left candy in a water tank and came back later to find a needle like speier this year was into the problem and we were very excited when we realized the connection to stone pinnacles and stone forests which have been quite mysterious in their development we hope our experiments tell a simple origin story behind these landforms the phenomenon could explain why sharp stone pinnacles are often found were easily dissolvable limestone rock dominance like the stone forests found in china or malaysia well it might take years and sometimes even centuries for an actual stone forest to blossom the researchers were able to prove that same trick by simply using candy reporting in new york Trinity Chavez r. T. Thats it for now catch you must on the man on the portable t. V. App available on your app on every devices or simply check it out of portable t. V. And will leave you with todays closing numbers will see you next time. Time after time called gratian to repeat the same mantra sustainability very important to accelerate the transition to sustainable transport sustainability space where many more equitable and sustainable world. They claim their production is completely harmless. Lets. Go. Bunnies want us to feel good about buying their products while the damage is being done far away theres a 2nd eldest must be going to an imminent i mean look. This is the mills and news limited and the name and im stunned seemed i mean the best understood look at who is going in. The world is driven by shaped by the person with those words. The dares thinks. We dare to ask. Anyone else to show small seemed wrong all right old clothes just dont all. Get to shape out this day comes to educate and in gains from it because of the trail. When so many find themselves worlds apart. Just to look for common ground. Up. Join me every. Time im sure and ill be speaking to guests of the world. Im sure. Ill see you then. The british Prime Minister announces tough new coronavirus restrictions with large fines for Rule Breakers a surge in case number. Gets ready to start a nationwide Clinical Trials of another 1000. 00 vaccines. And the u. N. Begins its 1st ever remote General Assembly World Leaders deliver video speeches with the pandemic and global conflicts at the forefront. And the psychiatrist who has examined doing the song says the wiki leaks founder has Severe Mental Health problems and extradition to the u. S. Would please him