Transcripts For ALJAZAM Real Money With Ali Velshi 20140926

Transcripts For ALJAZAM Real Money With Ali Velshi 20140926

This is real money. Now are the most important part of the show, so tell me what is on your mind. The United Nations and its arab allies struck targets in syria for a third day in a row, reportedly killing at least 14 isil and five civilians. Todays strikes pounded isils economic assets including its trade in oil that helps pay for isils fighters, weapons and provides services in the territories it has seized. But degrading their oil trade is going to take more than a day of bombing, and stopping the stream entirely may be impossible. Thats because the oilsmuggling area have been decades in the making. A development that he u. S. Is at least partly to blame for, because back in 1991 when iraq invaded kuwait, the u. S. Lead the campaign. And they triggered sanctions that triggers a boom in smuggling that flur flourishes to this day. They move products at steep discounts through syria, iraq, to turkey, lebanon and jordan. Here is where it gets tricky. Some of those people are the iraqi kurds, the very people fighting isil on the ground. In recent months that oil trade has become a lifeline to the kurds as iraqs Central Government holds back budget payments. But its difficult for the kurds to crack down on this trade now, because they run the risk of doubling or tripling local gasoline prices at a time when the Kurdish Regional government is nearly bankrupt. So iraqi kurds are potentially putting money in isils coffers at the same time they are battling this group. For more, Patricia Sabga has this report. Reporter hitting isil where it hurts. Wednesday u. S. And arab allied aircraft bombed 13 isil targets inside syria, including 12 rebelcontrolled Oil Refineries in remote parts of the east. They provide fuel to run isil operations, money to finance their continued attacks throughout iraq and syria, and they are an economic asset to support future operations. Reporter the u. S. Military estimates they produce up to 500 barrels of products per day, contributing to an estimated 1 to 3 million in daily isil energy sales, the goal was to commission. We want to keep some infrastructure available in the hopes that it can be these refineries can be used again one day by the moderate opposition. Reporter illicit sales of seized oil are believed to be isils biggest money maker. While crippling isils Refining Capacity is a blow to the group, it can still profit from sales of raw crude. Crude oil is still valuable and smuggleable. They need to get it into a big truck and sell it to somebody who is willing to take the risk of driving it to a refinery. Reporter it sells plundered oil and Refined Products on the cheap directly to Truck Drivers who move it through the smuggling networks. The most heavily border is believed to be turkey. So far turkey has been reluctant to crack down hard on the black Market Networks that move isil oil, but with nearly 800 miles of border to police with iraq and syria, crushing the trad will be difficul no much they effort. Turkey is damned if it does and damned if it doesnt play ball with the usld coalition. Thats according to this man, he is the author of political islam in the age of democratization. Why do you ta turkey is damned if it does and damned if it doesnt . The problem is ali that the turks see a fire burning on their southern borders. They want to be able to deal with it, but then there are too many players dealing with it, starting with the United States, saudi arabia, qatar, and everybody has a significant difference. I mean the qatars are completing with the iraqis. Its a mess that the turks have to handle. If they join the coalition, they dont simply want to be a member or partner, they would like to be in the driver seat, but they cant be, because you have the United States leading the effort. And at the end of the day everybody can walk away from the mess, but turkey cant. I would imagine that people in america would welcome turkey running this operation. What is stopping them from need . I think there are serious differences in terms of how both sides want to process this, move it forward, the military campgn. There are a lot of fault lines that the turks are more sensitive about than the americans. The United States can work with proiranian ak no, sir iraq, while working with antiiranian actors in syria, both with the goal of defeating i. S. The turks dont want to get into this sectarian conflict, thats number one. And there is the kurdish issue, how do you control that border . U are under pressure to say, okay, you need to stop the oil flow, but the turks say we need to worry about kurdish separatists moving across the border, and the jihadist if this war against i. S. Metaphors into a war against assad and you have a collapse of the regime. I was speaking in new york to this man, and he was saying categorically turkey is not buying isil oil. The allegation isnt that turkey the country is buying isil oil, its that brokers in turkey are buying isil oil and perhaps the turks can do something to stop this. Is that true . They can, definitely. But at the same time, it requires this process will require first acknowledging that it is happening, and that will contradict from e line of the president. And then its not easy that you lay out how do y control these smuggling networks. That requires a whole lot of investment and resources, and already its as if the turks have their hands full. They are trying to create a buffer zone to manage the flow, the kurder separatistsism, from the point of view of the turks, they have to come up with a mechanism in order no not end up like pakistan today after 35 years that began against the soviets that war still continues, albeit in a different form, and we know this is going to be a generational struggle. So the turks when all is said and done, they want to be process. That puts it in stark relief that that is the danger that turkey faces. Thank you so much for being with us. The author of political islam in the age of democratization. Coming up the f22 finally sees some action. Im going to look at why takeoff look so long. Money continues. On tech know, i landed head first at 120 mph every saturday, Al Jazeera America brings you controversial. Both parties are owned by the corporations. Entertaining its fun to play with ideas. Thought provoking get your damn education. Surprising oh, absolutely . Exclusive oneonone interviews with the most interesting people of our time. Youre listening because you want to see whats going to happen. I want to know what works what do you know works . Conversations you wont find anywhere else. Talk to al jazeera. Only on Al Jazeera America. Oh my the f22 is considered one of the most sophisticated jet fighters ever built. But it has been essentially just collecting dust for ten years. Today it finally made his debut. The pentagon said it was a success, which raises the question what took so long to use it. Ali this is one of the most expensive and certainly one of the most sophisticated airlines to ever take flight, and this was its first true test. Lets first talk about the money. It is built by Lockheed Martin and boeing, and paid for by you. One of the most expensive fighter jets in history, the program cost 67 billion. But according to some reports the cost was as much as 678 million per plain. One of the planes it replaced cost a fraction of that. And the high price tag fuelled controversy of why the plane was built in the first place. But for the cost you get quite a punch. The f22 is 62 feet long, a wingspan of 44 feet, and can reach an altitude of more than 50,000 feet. It is virtually undetectable. And then theres the speed. It can go faster than 1. 5 times the speed of sound, beyond 1,000 miles an hour. As for armaments, consider the weaponry. Six radar guided air to air missiles, a 20millimeter barrel cannon, and 1,000 pound bombs. Plus it can fire its missiles even while the plane is rolling over rapidly. Ali as i say it is really a tremendously sophisticated plane, but it is just the strangest process getting one of these off of the grown yeah, were in this world of sequester and budget cuts. Yeah, there is this whole Cottage Industry built around building these black budgets. This classified budget that the air force has is 12. 6 billion, and thats just for the little projects that we know about. The individual line items are staggering. They have a line item for pencils and one for pencil sharpeners, and all the air force has to do is call something aurora. The whole project is in one line item. Money. What is the conclusion one should draw about this aircraft. Its crazy expensive, but thats pretty impressive. It is an extraordinary thing. It is one of the last manned aircraft that is this good. Human beings almost shouldnt be flying it. Can it turn a lot faster than the human body can handle. So theres a sense that the same scary place that this was built, this top secret manufacturing facility is also where people have built the x47b which is an unmanned Fighter Aircraft that some day will be flying off on combat missions like the f22 did. So i think its the last generation of this incredibly sophisticated very expensive manned aircraft. Fascinating. Jake its great to have you here. It has been fantastic to have you here, you are on the show anyways, great to see you. Listen when he is talking about these Unmanned Aircraft, lets talk about drones. Six Movie Companies received permission to use Unmanned Aircraft. It marks the first exceptions to the ban on drones. They say the drones dont pose a threat to air traffic or national security. The Unmanned Aircraft can be used only on closed sets, fly only up to 400 feet, and a certified pilot has to operate the drones. The resignation of eric holder did his Justice Department let the banks off easy in the wake of the financial crisis. Well delve deeper into holders complicated legacy. Thats coming up next. We pray for the children in the womb a divisive issue god is life , so its his to take see a 10 Year Old Girl whos pregnant, and you tell me thats what god wants. A controversial law where were you when the babies lives were being saved . Are women in texas paying the price . Whos benefiting from restricting access to safe abortions . Fault lines. Al jazeera americas hard hitting. Ground breaking. Truth seeking. Breakthrough investigative documentary series access restricted only on Al Jazeera America weekday mornings on Al Jazeera America we do have breaking news this morning. Start your day with in depth coverage from around the world. First hand reporting from across the country and real news keeping you up to date. The big stories of the day, from around the world. These people need help, this is were the worst of the attack took place. And throughout the morning, get a global perspective on the news. The life of doha. This is the International News hour. An informed look on the nights events, a smarter start to your day. Mornings on Al Jazeera America i got another car recall to tell you about involving, guess what, faultsy ignition switchers. Its chrysler this time. Its recalling 350,000, 2008 vehicles to repair defective ignition switches. Sound familiar . The recall includes dodge sedans, and station having a gones. It says it is aware of one accident and no injuries. It is similar to the recall of the gm cars that have been linked so far to 21 deaths. Eric holder announced his resignation today, president obama accepted it, praising holder for his situation years of service. Randall pinkston joins us from the white house. Eric holder addressed some controversial issues, he was a lightning rod for republicans. They never liked him. Was this a scheduled departure or was he forced out. Well, actually he had been talking to the president for sometime now, several months at least about the resignation that was announced today. Back in february holder had a health scare, some sort of fluctuating heart beat that went away, but at that time, reportedly holder decided to take a real close look at his life and family. So there is no indication of a forceout, this was his decision. Eric holder may have been one of the most despised attorney generals by by republicans ever, possibly. And there was a lot of talk that it might have been because he was black. Reporter you know, ali it is difficult to know the truth of that. What we can say is that at the point that eric holder went before the Senate Judiciary committee for his confirmation hearing, the Senate Judiciary hearing with republicans and democrats the Committee Approved him by a vote of 172. Then when he went before the full senate, he was approved by a vote of 7525. So he had overwhelming approval coming into office. He is a former judge, appointed by president region, a republican. So there was a lot of goodwill support, by partson support. The republican from california did all he could to give holder a rough time ever time he went in front of his committee. Yeah, and the relations were never repaired and eric holder never get got that kind of support from congress. Randall good to see you. Thank you so much. Reporter you bet. A big part of his job was dealing with banks. On that he has a mixed record that drew plenty of criticism. Mary snow has the story. Reporter in the last year, u. S. Torn general, eric holder reached record settlements with banks for their role in the financial crisis, the most recent coming just last month. The department of justice has reached an agreement with banc of america. Reporter but those billion dollar fines, say observers mark a dramatic change. There is a big difference between the early holder and the later holder. Reporter the 1. 9 billion settle with habc saw the bank fined while no individuals were held responsible. Critics said he wasnt aggressive enough. Im concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy. Reporter comments like those still controversy, but holder distanced himself from them. No institution is too large to prosecute. Reporter but individuals of the banks at the center of the banking prosecuted. If you go back to the savings and loan crisis of the 1980s, several hundred executives were indicted and went to prison. Here we dont have a meaningful criminal conviction of a single executive. I want to tell you about another story today, u. S. Stocks took a tumble. The dow jones shed 1. 5 , and the nasdaq lost 1. 9 . The losses were lead by apple, which lost 4 . That is the stocks biggest singleday drop for the year. Blame its snafu over bending phones, but it was much broader than that. 80 of the stocks traded closed lower. No one thing to point to for this market tumble. But invet fors cited a stronger dollar that has been hurting exports. Coming up next, tensioned between ukraine and russia are making some Baltic States very nervous. Coming up, youll hear why the president of estonia says the stick around. My name is Shaquan Mcdowell im a 17 year old teenager. I go to a Public High School outside of the city limits of atlanta. Its 99 African American we do get a quality education. You know we have teachers that really care about us as far as the African American stereotypes, all the music they listen too is rap, they only use ebonics, they dont know how to speak proper english, theyve never read a book in their life, all they do is get high, smoke weed, no. Ive never been exposed to anything like that. Coming from a mom who as a single mother, had her first child at 16, who is the ceo of her own company, me being someone who is about to graduate, who is the recipient of a full scholarship, the stereotype is absolutely flawed. Did it ever cross your mind that. Being a single mother that, your children may end up like the statistics say theyre gonna fail being a single mom. Raising five kids, ive always said you guys, you be 100 the best that you can be i would like to run for the senate in 2032. Then it leads to the great big goal in life, to run for the office of the president of the United States of america catch more stories from edge of eighteen on Al Jazeera America president obama was at the United Nations General Assembly earlier today calling on the International Community to do more to stem the spread of the ebola virus in west africa. He called the virus, quote, a growing threat to regional and global security. And said the world was doing too little to fight the disease. Virus has claimed nearly 3,000 lives in west africa. And the president warned it could hundreds of thousands more. Russian supports for rebels in ukraine has a number of nato mens, like estonia, concerned over their own situation. Vladimir putins insistence that moscow has the right to intervene in nearby countries has governments deeply worried. A quarter of the people in estonia are ethnic russians. The president claims that russias interference in ukraine effectively collapses the security system. I asked him why hes so dismayed by the wests response to russias medaling. Im not worried about countries in nato abrogating their agreements, im worried about a world in which you can no longer assume that all of the other agreements work. We have seen this dramatic increase in air incursions throughout europe and even in the United Sta

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