Now include one of bitcoin dot coms founders on that side of the spectrum and the oldenburg c. T. O. And cofounder of the site recently said in an interview with break it investment in bitcoin right now i would say is the most risky investment you can make it is an extremely high risk he added ive actually sold all my bitcoins recently and switched to bitcoin cash although he only reverted to a cash spinoff his criticisms of bitcoin like the high transaction costs and amount of time it takes to complete them came as a shock to many and those surprising comments come on the heels of more bad news for crypto currency with one Major Exchange in south korea shutting down and filing for bankruptcy after suffering its second cyber attack in eight months yappy in which operates the sole based you but exchange ceased trading on tuesday in a statement yappin said the latest hack caused the company to lose seventeen percent of its total assets but didnt specify the financial value up. Its losses. And in the latest round of merger news were seeing big moves in the food and Health Care Industries the new jersey based campbells soup is spending four point eight seven billion dollars to pay North Carolina based Snyders Lance lance is known for its healthy snacks like snyders of hanover kettle brand and pop secret all of which will become part of campbells division that makes Pepperidge Farm and goldfish snacks meanwhile Hershey Foods located in pennsylvania is buying amplify snack brand of texas for one point six billion dollars amplify makes skinny pop and other non chocolate snacks that her she is hoping to integrate into its businesses but still the major changes in the Food Industry have not been able to outshine the mergers in health care at least not yet not long after we learned that c. V. S. Is buying aetna humana and two private equity firms announced their purchase of kinda health care for four point one billion dollars the deal mainly impacts kindred at home which employs forty thousand caregivers who serve nearly one hundred thirty patients per day. After disney announced its plan to acquire parts of twenty First Century fox questions about everything from competition to cable bundles quickly popped up but there are just as many if not more about the future of Sports Broadcasting here to talk more about that is Victor Matheson professor of economics at holy cross victor my main question is if the twenty First Century fox which is one of the most successful Media Companies in the world doesnt seem value in holding on to these Regional Networks why does disney think it could benefit from them. Well so one of the nice things about these Regional Networks so theres a twenty two what Regional Networks that are put into this deal is that. E. S. P. N. Which is part of the disney empire thing so there is some good synergy between them and these local companies so for example you could imagine the local companies benefiting from the branding of the of the big name like e. S. P. N. As well as access to National Talent from the european on on air talent pool on the other hand what u. S. Pm gets out of this is they get access to roughly fifty local teams and the broadcasting deals there and so you have this kind of nice deal where both sides benefit the local companies can benefit from the expertise of the National Company and the National Broadcaster e. S. P. N. Benefits from having all this additional content so as he has said disney went to e. S. P. N. Controls twenty two fox sports recent Regional Networks that have the rights to forty four professional baseball basketball and hockey teams so is saving e. S. P. N. The main reason why you think disney went after this acquisition. So i wouldnt say this is a primary piece but this is probably about half of the deal really is tied up in these the acquisition of these Sports Products one particularly important thing is in todays modern media world it turns out sports are one of the few things that people still watch live and so its still one of the things that you can actually sell commercial advertising to very well with so many people coming to cable and so many people watching all of their Television Shows either through streaming or by recording it on d. V. R. Those are things were tarred to get eyeballs and from the commercials we watch sports live which means its a lot easier to get people to actually stick around and watch those commercials which of course is where yes p. N. Makes all their money what do you think this deal long mean for consumers or consumers is there anything that you think could change drastically or will it stay the same pretty much. So consumers its hard to know whether theyre made better off or worse off with this certainly one thing yes p. N. Is thinking is if they control both the local sports fans local teams as well as the big National Package that makes it much more difficult for that local councillor to cut the cable completely e. S. P. N. Is typically the most expensive Single Channel a Single Channel in a persons t. V. Cab package pretty able. Yes pm is trying to figure out ways that they can make sure that those local watchers those local viewers that they stick around with the cable package and one way to do it is to make sure that look ive got all the big national t. V. Games on e. S. P. N. But i also have all of your local sports teams favorites of the of these new newly acquired local Regional Fox Sports Networks well on monday as panel president john skipper an announced his resignation and in the summer Jamie Horowitz president of Fox Sports National was fired and they both left for Different Reasons but does it matter that both of them are now gonna mean what do you think this might mean for the industry moving forward in a general sense. Well so i think the really interesting question from kind of a National Broadcasting landscape is what happens to all of the you national Fox Sports Networks so what is not included in the disney deal is the National Fox Sports the fs one fs two. Other whether those remain as a big competitor to us p. N. Or not one thing that we believe thats happened we dont have all the financials but we believe that the national t. V. Contracts for for fox sports the National Channels were being highly subsidized with the money they were making from their local channels so itll be interesting to see whether fox sports as a National Channel can survive without all of its local people shinners buter channels bringing in all that revenue is pianos constantly criticized as being too political so do you think by joining forces with fox sports which has been operated by the same people that run fox news and cox Business Network well help that at all so i find that pretty hard to believe again there will be a pretty strong break here again fox news is not part of the deal so with it when we say that disney has acquired twenty First Century fox theyre actually acquiring most of the stuff except for fox news as well as the National Fox Sports so i would suspect that doesnt do a whole lot for e. S. P. N. Sports little image because i think you know again fox news and that very conservative political arm thats going to stay active and is going to stay so i want to ask you now to be worried and its summer is separating himself from happened at art weinstein a payment had expired as the team what would happen. So the idea is that look as they started as oh no rival Football League it is only when the other end up. That has conquered our next guest thank you for having me fold and. Any job there is one Business Model helps to run a prison now we just do or dont like it nobody obeys the taste and they dont no one comes anymore we dont have to serve them anymore its Cost Effective thats what they want to do that knowing they dont give a damn if you do the chores or not there are actually paying enough to put it back into. The louisiana incarceration rate is twice as high as the u. S. N. Preach what secret is behind such success. Hey everybody im stephen paul. Collingwood guy the suspect every proud american first of all im just george bush and r. V. This is my buddy max famous financial guru just a little bit different. You know what with all the drama happening in our country im sure the brood have fun every day americans. Start to bridge the gap this is the Great American to. The worlds biggest emitter of Greenhouse Gases is trying to train in pollution now leaders in china announced on tuesday. But they approved a plan for a Carbon Trading system initially it will cover the countrys Power Generation plants but the intent is for it to spread to other sectors like iron and steel aluminum Petro Chemicals and so on according to the plan power plants will be issued in allowance to emit a certain amount of Carbon Dioxide that plants undershoot their targets and they can sell their excess permits to other generators by having the government put a price on emissions that prevents companies from passing on the environmental costs to the public currently chinas power sector releases three point three billion tonnes of Carbon Emissions per year and this plan might not be in place for at least another year. Back in may an infamous cyber attack known as want to cry hit hospitals banks and institutions all over the world and now the Trump Administration believes they know who did it in an op ed in the wall street journal Homeland Security adviser tom boss or said that it was north korea that was responsible wrote we do not make this allegation lightly it is based on evidence we are not alone with our findings either other governments and private Companies Agree the United Kingdom attributes the attack to north korea and microsoft traced the attack to cyber affiliates of the north korean government he then called on the private sector to quote increase its accountability in the cyber realm to stop north korea and other bad actors from having the ability to launch these types of attacks and applauded microsoft for investigating want to cry on its own. Despite Rising Interest Rates or a jump in crypto currency prices a new report from the World Gold Council says gold prices will continue upwards in two thousand and eighteen to talk more about this were joined now by peter schiff c. E. O. Of Euro Pacific Capital and chairman of schiff gold peter in the World Gold Council report chief Market Strategist john reid points to increasing Global Income as a reason we could see gold rise but where exactly is income rising enough to make that much of an impact. Well number a lot of the income is a function of more money right if people earn more money because Central Banks create more money they use to additional incomes to bid up prices for everything so i think a lot of prices are going to be rising not just the price of gold but i do believe as more people perceive the and the threat of inflation and see the dangers of what the Central Banks have been doing i think the price of gold will rise faster than a lot of other prices as people have braces as a hedge against inflation as a store of value well then lengthy the founder of echo bay partners said that we could see gold prices hit seven hundred dollars per ounce in two thousand and eighteen which would be a four hundred fifty dollar increase from the current price we see now that you think hes right i dont know i mean i dont know how quickly the price of gold is going to rise he could be right but it might go a lot higher than that but it might not quite get that high i mean i think its going higher i think eventually its going to take off but its hard to know exactly when that is going to happen whether it happens in twenty eighteen or twenty nine hundred twenty twenty but i dont think you have to know in order to profit from it i think you just have to buy it because i think that the path of least resistance for gold is up and its been creeping higher ever since the fed first started raising Interest Rates back in december of two thousand and fifteen everybodys been expecting the price of gold to go down yet it continues to climb a wall of worry but its some point youre going to get more buyers coming in off the sidelines of the price is going to take off but before that happens you know just by now well earlier this year we saw gold rally after the fed and now next increases in the short term Interest Rates and the fed has signaled a rate rise of two percent for twenty eight teen two point five percent and twenty nineteen and three percent by two thousand and twenty so going into twenty eighteen with that in mind what kind of Price Fluctuations should we expect in gold or silver. Well what regardless of what the fed is posturing its hard to know if theyre going to deliver on those rate hikes but even if they do is going to be against the backdrop of rising inflation or where real Interest Rates are actually declining even as the fed is nudging up nominal rates much too slowly you know if you look right now at the yield on u. S. Treasuries in euros hedged back to the euro its at an all time record low you know not too long ago you could get two hundred fifty basis points of yield in europe buying u. S. Treasuries and hedging your currency risk today if someone in europe buys the u. S. Treasury the yield is about negative sixty basis points so despite these rate hikes the yield on treasuries is lower not higher and i think that you know those who go even lower as the dollar continues to fall against not only the euro but just about every other currency on the planet while the dollar is down as congress is pushing hard to get a bail in front of president before the holiday break so do you think investors eyeing the dollar in gold are starting to maybe worry over the actual impact of the new tax bill. Well they should be worried in taxes there are some tax cuts here cuts but to take advantage of the loopholes that they are opening up a lot of people who are now employees are going to become independent contractors and theyre actually going to pay twenty percent lower taxes than what is being assumed when they are judging the impact and i also think a lot of the states are going to change the way they tax their citizens i think they are going to lower their income taxes on wages and salaries and instead have taxes on employers who pay wages and salaries the impact on the employee is the same but what it means is that now the employer can deduct those costs on their taxes and so the government is not going to raise anywhere near the revenue they think from the limitations on the salt adoptions so youre going to see a huge impact on the deficits which are going up anyway so rising budget deficits are very bearish for the dollar because they mean the fed is going to have to print a lot more money to buy up all the bonds that the treasury is going to have to sell to replace the tax revenue it lost some have suggested that bit coin has been responsible for golds depressed returns but others say that it can be a bit well i think youve got the tail wagging the dog i think one of the reasons that bitcoin has been so successful is because gold has done nothing really is spend so quiet the last year and i think a lot of people maybe who might have bought gold have bought bitcoin but i dont think that has done much to depress the price of gold but i think that has done a lot to coin to skyrocket and i think probably one of the most Dangerous Things for big quite if youre involved in that bubble would be a big increase in the price of gold because once the price of gold starts to move now people want to own real gold they dont need to own what they believe to be digital gold but what i believe is is nothing more than fools gold so gold going up could really be the pin that pricks the coin bubble peter schiff c. L. And theyre a Pacific Capital and chairman and chip called thanks so much for your time today. My pleasure. Canada and britain are at a critical point in a battle with u. S. Aerospace giant boeing on thursday the u. S. International trade commission spent the day listening to testimony with both sides accusing each other of reaching trade rules arties alex and hell that is in toronto with more for us alex whats the latest from the tribunal. Well weve been awaiting a decision all day but nothing yet this tribunal is going on the hearings are still going on but look lets break down whats going on what is boeings complaint here now the main complaint with bombard j. Is they basically are saying that bombards dumping planes into the u. S. And were talking specifically about seventy five c. Series jets that were sold or a deal was made with Delta Airlines the planes were sold at twenty million a pop at the list price is thirty three million and what boeing is saying is that this just is not fair its because the budget gets subsidies from the canadian government that they can bring the prices down so low now we know that back in october the u. S. Commerce department ruled in favor of boeing putting a three hundred person but this is what theyre discussing right now and of course this could be overturned but as it standing that is uncommon like weve see it usually is usually about a fifty Percent Discount was uncommon here with a little bit different thats a big difference so thats i think really what put this on the radar now from the other side help from the u. S. Government jobs on the line not only in the u. K. As well and give you a quick quote from the canadian ambassador the next step up and he sort of of the trump agenda is if the United States at the present moment and im not just referring to one source of rhetoric im talking broadly about the n. T. Trade rhetoric its given us companies the permission to take action they wouldnt have taken before and thats a canadian ambassador to the u. S. So really this is a big picture thing and hes saying that boeing is brave enough to do this right now just because of sort of the trump policies in the way theyre moving so it sounds like there is a lot going on here and we need to sort of touch on this this could mean a lot from jobs in both countries but what else could this mean for about side song soured. Well really look at it and i think you just hit the nail on the coffee or the last in the coffin right there maybe its in a coffin actually lets take the auto company out of their question but you hit it right on the head there were saying that it really comes down to the jobs there are thousands of jobs in the u. S. Alone were talking about twenty five thousand jobs that rely on bombards itself and when you see jobs think about what happened now recently with the canadian government it was going to buy Super Hornets from boeing and because of this trade dispute it pulled back on the deal thats a lot of jobs in the United States both companies can be harmed by this and like it said a little bit earlier theres really no proof that what bombard jay is doing the sale to delta that is harming boeing at all so really this is just an emboldened company right now trying to make its way elbows up push its way into the market in a bigger fashion than it would necessarily if the trumpet ministration was not in place are actually correspondent alex and how thats thanks so much thank you. A Cheating Website is accusing a new rival of cheating by Trademark Infringement Ashley Madison is a self described married dating website and app that uses the slogan life is short have an affair Ashley Madisons Parent Company ruby life is suing a new site casual x. For using the slogan life is boring desire a fling really lifes lawyers also say that casual exs use of an image of a masked woman pressing a finger to her lips is too similar to their services branding a representative from casual acts told a british tabloid that while their slogan quote took inspiration from Ashley Madison pitch quote our image and their trademark are quite different he said madisons marketing targets married people while his Company Targets a Broader Customer base while casual x. Insists they are not infringing on ruby lifes copyrights they do worry that they may not be able to match the Larger Companies legal firepower and that changing the image for the app in the apple store as lawyers demand would undo some of their success and branding thats all for now but be sure to catch boom bust on you tube at youtube dot com boom bust or thanks for watching well see you next time. With your. Across europe municipalities are taking their water supply back from private companies to meet people themselves with simple song alone even some company else with oh they invite private companies to take over the utilities anybody tell us that opel. Allowed for mr guess who got the going to go. This is us to quote them out. Of more you know and of the left bill brought up locals are ready to stand up for the basic human right of access to water its about water but its also over much more than water its about the hurt and the redistribution of all of. This. Debt downwards we want are. The single most important social equalizer of our time the internet is under great threat the decision by the federal Communications Commission essentially gives Internet Service providers the keys to the internet without Net Neutrality will be Economic Opportunity divide only widen for all. Apply for many flips over the years so i know the game and so i got. The ball isnt on the pitch to the final school its about the passion from the fans its the age of the super money. And spending to twenty million. Its an experience like nothing else going to because i want to share what i think what i know about the beautiful guy great chance with. The base. The headlines on r. T. International German Police publish wanted photos of members of the movement the Left Wing Group responds. With a gallery of officers claims of crossed the line. Austrias new government enters into world. After its passports to people in the south to roll opens old wounds. To combat hate speech is accused of being rather selective over the profiles. Of the polish. Oxford in the u. K. People from east
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