And forward looking indicators bode well for the new year and new orders rose at a near record pace purchasing growth hit a new peak as firms ready themselves for higher production and meanwhile job creation was maintained at novembers record pace with the Currency Union becoming the Success Story of last year so much so that the Economic Performance was outpacing that of its peers including the United States however upward price pressures may be returning as a Manufacturing Sector does appear to have balance higher input prices with a strong overall performance the Sticking Point raising some doubt as inflation remains stubbornly below the target in spite of record growth and those levels at the figure of two percent raising slight concern all for the European Central bank. David considering inflation and thinking about markets in the us i mean we had Something Like seventy record Dow Jones Industrial average highs in the market last year it was just on a tear and some people. Myself included maybe think were about tapped out although ive been saying that for six months so is this a place where in the e. U. The eurozone a place where people should be investing higher investment should help boost productivity and profits also job creation was maintained at a record pace and event combining that with new orders and rising that near record pace while purchasing growth and a new people are giving investors more confidence and inflected some of those fears when it does come to inflation david miller thank you so much appreciate your help. Now that there is a new tax reform law officials in higher tax states like new york and california are looking for ways to reduce the end packed on their side of the new law limits deductions from state and local taxes are discussed white what might happen is conservative t. V. And radio host Steve Malzberg steve happy new year and thanks for joining us again you were right that the tax reform bill would pass but a lot of people from these high stakes are high tech states say that it was so so wrong what did congress do on limiting the deductions at the end hows it going to impact people well first of all congrats happy new year to you it to ashley and congratulations to you on the position you know youre going to do wonderful things with the show and im glad to be a part of it ok so of course they call it salt state and local taxes and the deductions used to be you know a limitless whatever your property taxes were here state local taxes where you were able to deduct them in big states like new york and california for instance which are blue states by the way they have higher property taxes and higher state and local taxes so they had these big deductions and now theyre capped at ten thousand dollars so the governors of these states especially cuomo in new york and brown in california are trying to come up with ways to circumvent. All these what they consider to be penalties and that being picked on which i think is ridiculous now the theyve talked about a couple of different approaches that i might agree with you on the ridiculousness factor here a little bit but one of those is theyre going to go to court and the states would claim that the law unfairly singles them out is that is that one hiring your ridiculous scale. Yeah look i live in new jersey and im going to be burned by this but the fact of the matter is if this isnt specify szell set of rules for those states its these are the rules for all states and just because these high tax states on their own decide to be high tax states what are you going to say theyre punishing us theyre singling us out because we tax our people more i mean thats their problem and now my problem its not the courts problem or the countrys problem and i am magine that Chris Christie will not be leading the fight in federal court to change that for new jersey steve so what about the other option that states are reportedly looking towards and thats replacing state income taxes which as you explained were fully deductible and now the cap is only ten thousand with a new tax free form law on employers which are deductible what about that. I mean this is. A shell game or i want to say Money Laundering but you know youre the expert you tell its not money but it may be a shell game b. S. They have i have instead of you the president the president of the state paying what they owe in state taxes youre going to have the employer take it out of your paycheck so youll never have the money in the first place and theyll pay it to the government and then they say well now you can deduct it because were going to call it Something Else i mean i can see i i could see a judge who is a democrat liberal judge saying yes but when this ultimately gets to the highest court theyll laugh it out i mean i dont see how they could pull this all off well whatever the old phrase is one mans loophole is somebody elses something i mean what a ben franklin say theres only one thing in life that certain death and death and sadness tactics are now the most interesting of the scenarios that the state sees high stack tech states would consider steve is it would allow residents and you know this but i cant believe it for our viewers the residents of these high tech states to replace their loss of the deduction with a charitable contribution to the state so just like on the form where you fill out a blank there check the box if you want to contribute to the president ial public funding campaigns you would give a charitable donation to the states and therefore you can deduct that what your take on that one well i dont even understand that really see the way the way i interpreted it was that they would call these your whatever your tax bill was they would call it a charitable contribution otherwise youre going to be paying that charitable contribution to offset what youre lost in addition to so i dont know im not sure if im right maybe im wrong maybe youre correct but either way its just again its a shell game its i just dont see how its going to fly. At the i. R. S. Is not going to allow this for quite a lot of the i. R. S. Is already cracking. And on some people who prepaid their mortgage interest and state local taxes. All seventeen to circumvent zero eight hundred so that that that never going to go for this is to be a law in court battle and thats what the democrats want heading into the away team elections is it only democrats steve well no i mean by that its only democrat governors its only blue states so theyll be the ones involved in this yeah i dont see a red state governor you know jumping on with this because its the blue state liberals that spend that have the higher taxes and i got a solution for them its a three letter word cut. Thank you so much when i have you back talk about the shutdown sometime steve conservative commentator Steve Malzberg thank you again my pleasure. Chocolate is a big business and mars the Candy Company behind m. And ms is worth over thirty five billion dollars and Global Consumption of chocolate is expected to hit over seven point seven million tons by twenty nineteen nations that actually produce the most chocolate are the United States germany switzerland and belgium that belgium chocolate in twenty seventeen switzerland consumed more chocolate than any other country on the face of the planet more than seventeen pounds of chocolate per person however all of that could come crashing down if things dont change by twenty fifty currently almost half of the word worlds kickout beans from which chocolate of course is derived are grown into african countries the ivory coast and gonna on a narrow strip of rain forest land that is twenty Degrees North and south of the equator however the global rise in temperature puts these plants in a precarious position as warmer climates cause the plants to rot sorta like a cavity in your tooth and by the way while many parts of the nation have been experiencing a real chill and cold in recent days remember that Global Warming is about the averages its not about a few days this way or that way on temperatures it is a fact that last year twenty seventeen was the hottest year on record without an n l l nino effect and by a huge margin twenty fourteen previously held the record so whats a Candy Company to do about Climate Change and chocolate well you turn to science of course currently scientists in conjunction with mars and some other Candy Companies are trying to develop a cow plant that can survive in warmer drier climates while reducing the companys Carbon Footprint so cooperation has never sounded so sweet will wish them luck. Thanks for watching be sure to catch boom bust on Youtube Youtube dot com slash boom bust art to the next time. Hello my names peter and ive been living in bushnell for about seven years and this is a film about just some of the crazy things ive got to look through in the time. I get up yet. The new cars are just punished or due to the pilots. License is not the same if. I had a great education a good job and a family that loved me. I never had to worry about how i would be somewhere i would sleep. But im facing christmas alone out on the streets of london. To be. A cut above the glory like going to school you know disappointed to still give up food for the same. As you dont really feel like a human being you know. And then. The guy just came over to me saw me and gave me this book. Getting. Rid of this my. Nothing wrong. With. Headlines an r. T. Washington threatens more sanctions against iran if the government violates human rights while trying to suppress the ongoing protests also to come after muslims across the middle east over jerusalem status the u. S. President threatens to cut eight the palestinians not wanting to talk peace and the slanging match between donald trump and the north Korean Leader dissent and team barbs about the size and power of their new clear buttons just as south korea tries to calm the situation and the upcoming talks to kill me. So i welcome you watching r. T. International this wednesday morning where its just gone night oclock here in the russian capital. Now the trumpet ministration could impose sanctions on iran if its not satisfied with irans response to the ongoing protests in the country. We dont get ahead of sanctions but that is one to look at a couple things that we have in a very broad and wide toolkit so there are a range of options that we certainly have Going Forward and thats why i say we are watching reports very carefully of any potential human rights abuses of these protesters who are protesting peacefully well iran has seen its sixth consecutive day of unrest with at least twenty one people thought to have died in the clashes the demonstrations started in december in protest over the sluggish economy and a jump in prices then transformed into a political uprising with some chanting antigovernment slogans the unrest turned violent and several times with police posts attacked by the protesters in the last three days there have been more than four hundred fifty arrests in toronto alone we asked people in toronto what they thought about the protests. But. I feel that if peoples economic problems were addressed these accidents would never happen if someone from the government came and spoke to them and these incidents would not escalate. The cost of living unemployment a lack of attention to people Authorities Say that this problem started with a surge in the prices of basic food supplies. They need to. Assess time for a change shes seen and be worried about their own country and the ring and should think about their country everybody should start