Current currencies continue to disrupt the payments space governments are waking up to the risks christiane managed to catch up with matthew walk to get his view on the future of regulation in the thin tech space so much content to fit in just 27 minutes can we do it just watch lets go to the 1st strike in more than 10 years by the United Auto Workers union leads our global report today as 46000 workers at General Motors bring production to a halt at 55. 00 plants across the United States the current contract between workers represented by the u. A. W. And bosses at g. M. Expired saturday night and the decision to axe to not to extend the previous agreement and extend instead strike was made by a unanimous vote of the u. A. W. Regional leaders u. A. W. Workers are determined to draw the line on wages Health Insurance Cost Increases and management exploitation of temp positions the action by u. A. W. Workers does not affect their status under. Existing collective bargaining agreements w
Another know. You say we gave. Our to keep this Company Running and now this company is making record profits theyre making now our labor they dont want to even give any bag what they want to continue to take and thats not right this trade. Experts say both sides will feel pain from a long strike u. A. W. Workers have a strike fund of 850000000. 00 from which they will receive 250. 00 in weekly strike wages meanwhile Industry Experts say g. M. Will lose about 50000000. 00 each day the strike goes on General Motors stock fell more than 3 and a half percent in monday morning trading. And there was a dramatic though expected turn in the legal drama surrounding part Purdue Pharma the corporate career creator of oxycontin the drug experts place at the center of the u. S. Opioid abuse addiction an overdose crisis on sunday night Purdue Pharma filed for chapter 11 bankruptcy protection to shield that staggering profits from more than 2600 pending suits still pending over produce role in creat
Kaiser report while in the u. K. And ireland it is state. Skies are this is the kaiser report its back to school kids remember theres only 2 things you need to learn in life number one theres an insatiable demand for pancakes all over the world if you want to be an entrepreneur could ever go wrong with pancakes 2nd of all if you want to be rich learn how to become a scratch golfer. Ok stacy well with that i want to say in terms of educating yourself how do we watch in kaiser report instead of cable news instead of m s n b c s n b c right now what you would have learned is to cower under your bed and hide in fear of the world we have been preparing you for the paradigm shift that has been happening over the past 10 years weve told you about this and what do we get in return we get the d. N. I. Saying no bad guys a report but we told you about this we warned you that the likes of mark carney from the bank of england will be standing on us soil in jackson hole this last weekend and saying
This is boom bust broadcasting around the world and covering the 21st Century Global economy on danube radio in washington Christine Ali is on assignment in singapore weve got another special show on deck for you today 1st big task has found itself in the crosshairs of regulators on both sides of the atlantic and one prominent regulator has been given and 12 in europe all u. S. States turn up the heat. For the boy sometimes between aggressive Business Practices and illegal ones usually the line is very clear and again our investigation will determine whether google has crossed that line. At a mash of the ad a mesh rating group is on hand today to break what the future breakdown what the future could be for todays tech giants as regulators wake from their slumber plus. Always had markets going to continue to have bad. Markets until the end of. The war. Weve got more great content from chrystia in Singapore Today bringing you this 2nd part of our interview with world Renowned Internation
Something like that used to be easier when i was w w f and that was just easier so hes been on a tweet farm hes saying jay pallies to cut Interest Rates by 100 basis points because we have to compete with europe where they have negative Interest Rates and thats an unfair advantage for them in the euro is tanking and we want our dollar to tank he also said we need more quantitative easing remember weve said over the past few years that you cant taper a ponzi of course the Federal Reserve tried to do that they tried to taper the ponzi we said they they would have to reverse themselves and they are reversing themselves you know after they 1st started raising Interest Rates the 1st week or 2 under our kaiser report Episodes People like now and then are Rachel Maddow youre wrong because obviously you can taper a ponzi well we see that they cant because its all unraveling Rachel Maddow on the whole cable news corps in america. Gauged in defense of see the world as worldwide entertainment wre