Transcripts For RT Boom Bust 20240712

September 15th the u. S. Banned companies from supplying for servicing while waiting arguing that the tech giant was being used by the Chinese Government to spy on other countries a big ticket item in the band is chips what weighs 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 weasel laptop division other companies have also suffered mission to work with the worlds Biggest Smartphone maker this includes chinas Semiconductor Manufacturing International Corporation that uses u. S. Origin equipment to make chips as well as south korean chip maker escape hynix meanwhile a campaign against well wait its also sees the poles and 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 2008 in response what were his cut jobs and investment in australia it was 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 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 huawei and its whole disport sponsorship deal with an Australian Rugby Team all in all not everyone is happy with the australian governments maneuvering really really sad died as jeremy said. Will be still be appearing as a sponsor next year will be im 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 bring funds from the u. S. And investing more in russia in the words of huawei c. E. O. Renting face after the us included us on the entity list we transferred or best made in the u. S. To russia increased russian basement expanded the russian scientists t. V. And decreased the salary of russian scientists on a grander scale the company is set to take on american multinational google by developing an operating system to replace googles android will by 000 s. Currently what we have 600000000 users in its ecosystem. Us on whats more of each. And i want to take a deeper look into this were bringing cohost chrystia and editorial director for the American Institute for Economic Research Geoffrey 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. But 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 as a sign a certain amount of flexibility on the part of the Trump 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 be could be part of a we know that back then when it be 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 wa is that connected to this. Really 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 while away in a way that trump liberal believes will benefit american jobs sort of course right its its intellectually inconsistent and 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 below the 100000000. 00 local cost of this tech cold war how australias economy handle this. Joe county is not going to handle this well at all as and im the analyst already estimated that this 5 g. Ban 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 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 highly abandon 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 desponding 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 on 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 involves 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 is 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 erythema least financially. But those that less are less financial level of a burden on these companies kristie the u. S. Continues to isolate and block while way though and its increasingly turning now to russia transferring investment what does that look like. So the hallway c. E. O. Renton say confirmed that after the without a huawei to the end hes left it transferred over massive amounts of investments in the u. S. Now over to russia so as jeffrey just said always still intends to be the new global influence and is now recruiting developers and then you factors to help a 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 for backing all way into the corners so this is the only logical or turn out of this effort that you bear otherwise it would have continued on happily using android in the 1st place so after waging this war against probably for over a year now americas action against policy has left the door wide open for russia and similar to what i said before about australia its not only about the Current Investments its always about the future investments when you talk about tech and r. And d. Because of the fast pace the Development Cycle days the u. S. Lost out in our india 5 g. Technology and its falling tragically behind and instead russias own tech sector and Industrial Base has gained and gotten a huge boost so china is kind of bracing to decouple its supply chain and industrial capabilities from the u. S. And now engaging with russia who will benefit hugely from now from these partnerships 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 while away so i guess time will tell but this the saga continues it seems like it never ends who must go host christiane an editorial director for the American Institute for Economic Research Jeffrey Tucker thank you both so much for your time today. Thank you. Time now for a quick break but hang here because when we return u. K. Prime minister Boris Johnson will you know new instructions and has the time to curb effect that wave of the coronavirus but how will this affect the already shattered economy thats got a price for the numbers up but. Please. Please. We are segregated anywhere by social class. People also in poverty by 1st name if youre born into a poor family off youre born into a minority family if youre born into a family that only has a single parent that really constrains your life chances people die on average 15 years old if youre born into generational poverty. Its a tough fight every day so you meet your needs and the needs of your family. Is youll be a reflection of reality. In a world transformed. What will make you feel safe from. The isolation full community. Are you going the right way or are you being led so. Direct. What is true what is faith. In a world corrupted you need to descend. To join us in the depths. Aura made in the shallowness. Canas calendar is dark alfonzo rain monday is dark theres changing page hes dard servo or. His 1st words were how long a cd or a challenging post youve got to use to me as. I have no doubt that what happened was scriven. Sites concentrate market is a 1000000000. 00 industry these companies had a huge financial motivation to solve these problems there are numerous stocking showing that doctors were keen to chest x. Ray concentrates for insights of its own that patients wont give them doctors the wrong ones to quite long term from the start why they would keep me from secure those years day. And people still die i dont know which question or so i dont like being allowed to live so many have. 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 include 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 ptolemy sector will be restricted to tables. 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 plans or turn of spectators to sports when you know it will now not go ahead from october 1st and wedding ceremonies and receptions will be kept at 15 people from monday 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 code compliant way however we must take action to suppress the disease. First we are once again asking Office Workers who can work from home to do so in key Public Service is a new profession as well working is no such as construction retail people should continue to attend their workplaces and like government this house would be free to take food its business in a secure way. Joining us now to discuss is board member with the British American Business Association hillary ford which hillary thanks for joining us today just as there has there has to be some a lot of anxiety rather from a Business Owners here that just as they thought that these off 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 sarah 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 were owned by stablish months are going to go out of business so i mean obviously this is only the sort of a blow at the moment definitely however. Room temp about with some optimism and that is in terms of the japan deal that as been just completed by the British Government in light of course of bricks and also there are talks underway by the secretary of trade liz trast with all straight australia so couple of good things to look at if you refer to the think tank direct to 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 union leader 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 answer your 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 15. 3 1000000000. 00 is lost towards sheepy so of course its negative of course this isnt positive for 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 reasons that wont survive well the fact that theyre not doing a complete lockdown as we heard Boris Johnson say i want to bring in bus cohost ben swan investigative journalist i want to talk about the science here patrick valence a British Governments chief scientific advisor and chris witty chief medical advisor officer for england he said the number of coronavirus 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 to sell. The new cases per day they say yes were seeing the 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 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 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 saying 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. In 2000000 in the us well 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 theyve been right there at a terrible track record to them larry lots of talk about the business teams here that theyre demanding brags that you know you mentioned a little bit about the new japan japan deal the huge deal that the 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 the 1st down are you thinking and do you see the 2nd lockdown only making the situation worse well i do and if i may say i just actually given that ben race the 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 flat 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 covert deaths were 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 arent 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 breakfast deal done going back to my earlier point because then the u. K. Is freer to make Global Negotiations i particularly with the impending deal with the trade deal with robert lighthouses in the u. S. So businesses want the focus to be rex 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 deaths are way down by new cases right and a lot of the cases are up and actually a lot of the cases up just because people actually have the testing that that also is and its not all there are about that iris now than we did months ago so definitely a better situation now hillary for which events one thank you both for breaking this down for us. Now to new york where a team of mathematics may have finally unlock the secret of how point of rock formations known as stone for ists 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 now a 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 and 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 stimulation shows the sharpening effect occurred as the candy dissolved making it heavier than the surrounding water therefore the sugary water sings downward only 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 all my 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 a portable t. V. And well leave you with todays closing numbers well see you next time. The boy. Seems wrong. To shape our lives just to get out of it and engage with it was betrayal. When so many find themselves worlds apart. Just to look for common ground. Canas calendar is drawing alfonzo along doing his darned was chasing page change dard served an old fart. His 1st words were added i will see youre a challenging post youve got 2 years to live. I have no doubt that what happened was scriven. Sites concentrate market is a 1000000000. 00 industry these companies have a huge financial motivation to solve these problems there are numerous talking showing that doctors were keen to cast facts or a concentrate straight infectivity on the patients wont give them doctors the wrong ones to play golf or turn to stone why they would keep me from secure those years day to day and people still die and im always question michel all right being on our way to live where so many have the full. The world is driven by a dream shaped by phone person. Or dares thinks. We dare to ask. Max keiser financial Survival Guide stacey lets learn us out fill out lets say im not sure i get any earthly response based. The fight well street fraud thank you for taking. On the story 6 thats right if you looked at slavery. In the days headlines russian Opposition Leader in the only in discharged from hospital and berlin after his alleged poisoning. Its still waiting for data on the case from the Global Chemical weapons watchdog. Also this hour Alexander Lukashenko is inaugurated for a 6th term as belorussian president in a month early after more than 7 weeks of protests against him calling the disputed election. Brochure it is ready to provide you with with top notch assistance free of charge a lot of good and offers United Nations staff to try a brand new russian. Adding that the country has already received requests from u. N. Colleagues at