Transcripts For RT Boom Bust 20240713

Increased. Act. And facebook with more than 2 percent today on more than earning even when today as it is on the. Entire tremendous buddhist trust probs senator Elizabeth Warren has called for the divesting of instagram to break up Facebook Senator Elizabeth Warren has called for the divesting of instagram to break up facebook but defended a new position as. Competition for competition from variety of sources such. As others. With more on these issues and what we should raise and more larry for we were bringing. The number of 3 of you to the fusion pleasure to see a hill or you tube because the 1st off facebook is attracting a lot of regulatory screwed. Both in the u. S. And in the e. U. In the. Us good to see you help us it are you to us our facebook there look is a tracking of a lot about this regulatory scrutiny both in the u. S. And in the e. U. In the e. U. Specifically theyre looking at those books online marketplace arcus. Competitive. Competitive enters competition in the competition. Theyre saying its in kill accounting put it on petition in the on the marketplace market and on and on that i dont like classified in particular scott asked if these people have a. Particular so do these people have a case or are these competitors who are concerned. Are they just. A loser thing do they actually have a case or with google they do search or do they actually have a case here where they do have a case on the i mean because you came out of the wood metal that you can bet embedded out of the wood out of the coffee is for the modest. Place which was discussing here to create here. Are created socially in the west but also across socially in the u. S. But also across the e. U. So the basic issue in the new though is they have to find a way to test in the e. U. So the basic issue in the new though is they have to find a way to Tax Companies because because of the sluggish economy so they look to the to bring up to look as if it is this book that as the discussion of discussion us and what theyre all you look at theyre also looking to increased taxation on the different and entities a look at of course horses a financial decision i think what youll see is having fun to do is just think the court. Too is just seeing the pressure in the Business Community because it is very biased and they do weight their content they even weight any kind of Cost Community because it is very biased and they do weight their content they even weight any kind of content you can google anything or you look on facebook for an. And there were only give you one but you can google anything or you look on facebook for anything and they were only give you one point to point to you view to the point of view that they get to choose yes there should be buyers and good it is i suppose theyre being biased and it is unfair practices. But. There are often fail existing as. Is the new and its being established in 2004 when craigslist was actually founded in 1905 their way ordering established in 2004 when craigslist was actually founded in 1905 their way although they shouldve. Been business as they should have adapted to to the new environments and so is it to facebook books whats fault that. Just still is just simply simply failed to their dad to the needle to adapt to the new environment meant a sort of social model that the bully really im going to point christine because youre absolutely right because if you have to innovate a tech expert friend of mine always always is to say he said i always would quote American Indians who always said look this was their lation but they didnt i always would quote American Indians who always said look this was their lation but they didnt innovate they didnt have the guns they didnt have the gun part of the fight back if you dont innovate you are taken of a they didnt have the guns they didnt have the gun part of the fight back if you dont innovate you are taken over and it happens in every cent and distract arena so you are absolutely right. It is a sort of a right yes craigslist is a sore loser they should have it all and no they were the worst spoken of that media market. He ever theres a. Book who i mean Mark Zuckerberg he isnt accurate when he says that they dont like to lie because lying is also theirs which is why they are there because lying is also. Why theres sort of like the white lie here which is that they only purport to report a certain kind of angle so not the white lie here which is that they only be. Port to report a certain kind of angle so now what would it actually take to break up facebook or even google well i think one of things is what would it actually take to break up facebook or even google well i think one of things is going to be very difficult to break up if youre looking at least the u. S. Going to be arming them if theres a different matter but if you do youre looking at least the u. S. Army in the e. U. Is a different matter but in the u. S. They have spent recently so far this year theyve also. Been recently released if its over this far this year theyve spent over are you ready for this. Campaign. 30000 troops but 33000000 in terms of rule of law being for in this region a combination of the the fighting industries has have the other but if you. Look at our moms on my own microsoft and google 303033 between 1000000 between them so they know and so the. Coming down the pipeline to try to sleep its going to be very difficult is coming down the pipeline so i think its going to be very difficult to break them up because of the multitude of the. Now move that they are. Now moving on to the broader economy a growing one can continue to be another of officials for us right now you know our history are still under a lot of negative interest with negative Interest Rates areas as more and more are on our in Europe Europe although this was was essentially a monetary experiment but now its becoming i mean this massive map thats a Liability Law in your bill so the so what has your christine in the got so what has Christine Legarde 7. For and what she can do what she had to do as. Well as you well as you know crisscrossing the garden if shes got she starts tomorrow at the europeans in such a big 11 of the. Quotes i like i like to catch is she. Huge she said i am not of a fairy what shes actually encouraging is shes encouraging more Government Spending and shes in common what shes actually encouraging is shes encouraging more Government Spending and shes in common innovation and public works she cannot fix everything and yet her innovation and sort of public works she cannot fix everything and yes what the problem with the low Interest Rates are and negative Interest Rates you cant go any lower but see what the problem with the low Interest Rates are and negative Interest Rates you cant go any lower thats the issue one of the can sue what is it of the political. Fulfilling prophecy see there there is so smart. Blooming gloom and gloom and doom dissolution and despair caution a global. I think there should be if you look at that i dont think its if you look at the certain its also the uncertainty also the uncertainty to do it so he did not do it as she had private expose it was awful so remotely what does she should be having her doing spoke and more really what she should be doing and what has to happen in europe as it has been in the middle of the economy stimulate the meal glacial of the economies stimulation for growth which only which we can come from really really could get from a deal and theyre contradicting that with books and in that record that with looking at regulating Companies Like facebook exactly now that there is such as it is now that its not actually a listen now but such as as you said theres such a limited tool box and the european banks have essentially been couple of 5 years now of negative Interest Rates and the european banks have essentially been couple of 5 years now of negative Interest Rates theyve been crippled yes so what can so can the native Interest Rates actually spark the next financial crippled us so what can so can the native Interest Rates actually spark the next financial crisis seeing that the Financial System is already so weak what will this week is particularly we can europe if you look at prices seeing that the Financial System is already so weak what will this weakness particularly we can europe with. Look whats happened you look at probably the weakest one that shes been to spank and theyre looking at laying off over 22. 00 whats happened you look at probably the weakest one that shes been to spank and theyre looking at laying off over 22000. 00 employees they said bye bye year 22 and the new look also a 1000 employees they said bye bye year 22 and the new look also b. S. Obviously in the theyre also suffering and also h. S. B. C. Theyre just talking about layoffs it was the in the theyre also suffering and also h. S. B. C. Theyre just talking about layoffs in the u. K. Actually theyre talking about maybe even a emerge with about just the talking and banking about me maybe even a sort of time on the jail with that with the german Bank Santander as well as the usual and all that i think. Is all they can deliver you should that and cost cutting is all they can do they have to do just that to do them plan b. To complete that summit and without some of that money sitting in macau facing. Jobs. And seas and economies of scale and Technological Innovations thats all they can do and thats what we should be focusing our economies of scale and Technological Innovations thats all they can do and thats what we should be focusing on because yes youre right otherwise they could trigger the next Global Crisis on because yes youre right otherwise they could trigger the next Global Crisis or for worse thank you so much from a pleasure kristie. For which thank you so much from a pleasure kristie. Ukrainian president volodymyr. Ukrainian president Volodymyr Selenski on thursday criticized denmark decision to approve the north stream to Gas Pipelines alinsky on thursday criticised denmark decision to approve the north stream to a gas pipeline. During a joint briefing with nato secretary general and. Mr. She shared his his thoughts on the decision about that about. That i paddle. You risking the loss of billions of dollars in transit fees he offered this on thursday in kenya loss of billions of dollars in transit fees he offered this on thursday in kiev. We. Can in the direction of the north we are adults still understand that the construction of the nord stream too is not only an Energy Security issue but into. Energy security issue but it is also a geopolitical issue therefore i will sit there fully that if. We can convince your russia and weakens europe. About my Real Progress that i would. Get gas. And up 101230 kilometers and will double the capacity of the current. 130 kilometers and will double the capacity of the current north stream pipeline to 110000000000 cubic meters which will account for more than 50 percent of russias gas into 110000000000 cubic meters which will account for more than 50 percent of russias gas exports to europe. On our exports to europe. Own r. P. S. They are planning a merger with a 5050 share split that will make the resulting company the world yes they are planning a merger with a 5050 share split that will make the resulting company the worlds 4th largest automaker the 2 Car Manufacturers said thursday that they hope to the 4th largest automaker the 2 Car Manufacturers said thursday that they hope to come to terms on a deal within the next to come to terms on the drizzy. When the right next to create. The resulting conglomerate will create a company with the revenue but im going with the red 89. 100000000000 enough that i had of more the 1000000000 and a profit of more than 12000000000 and. A 1000000000 nearly hit. On the units on the news. Point of 9. 55 percent percent in their stock price while p. S. A. Felt 12 percent on the. Exchange. After now the answer now of the pent up to deal italian prime minister. Minister said it is up lets create contracts to keep it off and said it meant it was crucial to keep jobs and manufacturing and italy if on the back door and it will all of them which are. Going to be the government is pushing over. There for the companies that are you know we. Are economies of scale that is welcome to everybody so if there are economies of scale that is welcome if youre. Going to continue these go to what is and what is important and i want to say. To guarantee you guarantee the level a level of company to company invest in here in very good here you know eager to go that is what we are we are pushing. Time for a quick pas but straight on the other side of the break we head south. Time for a quick pas but straight on the other side of the break we head down to australia where ali mahadeo the blocking found us on londons in hand to begin his own to australia aware of the clock and found us londons on hand to dig into some major break around my mining and as we go to break here the numbers are some major breaks around my mind and as we go to break here are the numbers at the close of. The cloud. If these banks like j. P. Morgan are dead. If these banks like j. P. Morgan or Deutsche Bank are unable to settle trades because they dont have the cash to settle the troika bank are unable to settle trades because they dont have the cash to settle the trade then when the end of the quarter comes theyre going to have to by law if they then when the end of the quarter comes theyre going to have to by law if they if there is the rule of law anymore and thats an open question announced that they are insolvent if there is the rule of law anymore and thats an open question announce that they are insolvent and therefore theyre going to set off a cascade in a contagion. And therefore theyre going to set off a cascade in a contagion. Will be a continuation of the 2008 crisis but much much worse. Could be a continuation of the 2008 crisis but much much more. To. See him do you see if you can. See him do you see. Well look at with a showing of the blue chips going to see his last one the church. He looked at with a showing of the blue chips going to see is lost when the chip. In his nickel ship. Youre pushing 30. Both think it will ship. Your fishing 30. Boat up shipping. You up and most of the book hit the wall with up shipping. You up and most of the book hit the wall with the books and you will have still mostly no i do now with a look at the books in your book still missing notes i dont know what the movie. Was or. Who is the latest movies in the puss. Stuff no worries and the latest movies in the puss. Stuff no worries and rights so yeah ive put this list of those to. Look right there yet ive put this list of those. Lyrics are students are in the store the social. Research students are in the store oh yeah. It doesnt. Say ah. Ha ha. Ha ha. Ha ha. While give easy while find this us. T. V. Has evolved find this us. And. The union once last night. And. One union. Crashed in a south and. Rational a south. Designer a lot of need a thief. Designer a lot of needy thief. Zoom. Zoom. Zoom. Zoom. To get into your. Fortune for. More than a financial. Morning after. All. All all all good. Today there are good tennis. Today there are good. Terrorists and bad debt is the bad news in yemen the United States deems to madjid its the bad news in yemen the United States deems to be a threat the looked at it is those who are in syria the cia and us the looked at it is those who are in syria the cia and the u. S. Military were engaged in covert actions really throughout the world. Its military were engaged in covert actions really throughout the world. Where they were assassinating populist leaders they were backing up right away military juntas where they were assassinating populist leaders they were backing up right away military windows funding and arming death squads theres no phones anymore he was funding an army of death squads theres no phones and more customers always a small people for a really good. Customer is always a small people for one really good thats good for profit. And for profit. With the rise in bitcoins price again miners are flocking to abandon soviet era with the rise in bitcoins price again miners are flocking to abandon soviet era factories in eastern siberia and open coal mines in northern china to take advantage of factories in eastern siberia and open coal mines in northern china to take advantage of cheap hydro electricity and cold temperatures china is now the undisputed world leave cheap hydro electricity and cold temperatures china is now the undisputed world leader in Bitcoin Mining who keep the networks the care by approving transactions and ensuring fairness there and Bitcoin Mining who keep the network secure a by approving transactions and ensuring fairness now as of july 29th bitcoin miners generated about 6000000000. 00 now as of july 2900. 00 bitcoin miners generate about 6000000000. 00 in revenue from mining rewards and transaction fees on an annualized basis but they listen revenue from mining rewards and transaction fees on an annualized basis but they werent always this good during the crypto winter we saw daily mining revenue for the industry plus werent always this good during the krypto winter we saw the daily mining revenue for the industry plummet from 53000000. 00 in december of 2017 to just under 5000000. 00 it from 53000000. 00 in december of 2017 to just under 5000000. 00 in december of 2018 but now activity is back and on auto in dollars in december of 2018 but now activity is back and on october 30th big coin has achieved an important milestone just reach one were 30th big coin has achieved an important milestone just reach 1000000000. 00 in cumulative transaction fees this is a really important 1000000000. 00. In cumulative transaction fees this is a really important milestone as it shows just how much people value the block space that they are one milestone as it shows just how much people value the block space that they are willing and dont mind paying fees in order to secure their transactions to help us willing and dont mind paying fees in order to secure their transactions to help us celebrate this accomplishment we bring back ali mahogany managing partner of the black teens founders celebrate this accomplishment we bring back managing partner of the blockades Founders Fund so ali klein miners have made almost 15000000000. So ali miners have made almost 15000000000. 00 as of the middle of this month securing the Network Since big ones inception in 20. 00 as of the middle of this month securing the Network Since big points inception in 22009 but as of 2018 cumulative fees havent been growing us about 2009 but as of 2018 cumulative fees havent been growing as fast as cumulative rewards so just how are minors adjusting as block subsidies grass as cumulative rewards so just how are minors adjusting as block subsidies gradually decline. A decline. So cumulative fees just 1000000000. 00 you. So cumulative is just 1000000000. 00 yesterday and that actually is next to the 14000000000. 00 of day and that that actually is next to the 14000000000. 00 of block awards or new bitcoins mine and so as you can see it hasnt been picking up lock awards or new bitcoins mind and so as you can see it hasnt been picking up or hasnt been keeping pace with it and over the next 10 years the weakening up or hasnt been keeping pace with it and over the next 10 years though we can still anticipate fairly large block rewards or subsidies how i still anticipate fairly large block rewards or subsidies however moving forward miners are going to have to adjust to not have are moving forward miners are going to have to adjust to not having all of their value coming from subsidies and moving more to transaction having all of their value coming from subsidies and moving more to transaction based fees and so as we see transactions volume pick based fees and so as we see transactions volume pick up over the growth of bitcoin we can continue to see that growth. Over the growth of bitcoin we can continue to see that growth however for now subsidies are a very important part of the equation because the income however for now subsidies are a very important part of the equation because the in it increases hash power which hopes to secure the network from bad actors it increases hash power which helps to secure the network from bad actors do you think were going to see any sort of m. N. A. Activity within the mining space as they move to decrease their cough do you think were going to see any sort of m. And a activity within the mining space as they move to decrease their costs. There will definitely be a mini activity Going Forward expression when you start there will definitely be a mini activity Going Forward expression when you start seeing different regions with different sorts of prices per kilowatt hour for it seeing different regions with different sorts of prices per kilowatt hour for their mining facilities so you will start seeing synergistic values come from having more there mining facilities so you will start seeing synergistic values come from having a larger player start taking over some of the smaller players we have a larger player start taking over some of the smaller players we havent seen to too much of it in very recent terms but over the last few years you have seen havent seen too too much of it in very recent terms but over the last few years you have seen quite a few mining facilities shut down sell their equipment theres been along in quite a few mining facilities shut down sell their equipment theres been a lot of secondary equipment on the markets over the last few years and thats all been sort of a lot of secondary equipment on the markets over the last few years and now its all been sort of a bought up as prices continue to recover and big coin mining is as prices continue to recover and big coin mining is is a more and more profitable again now can then just filed to go i. P. O. Now this is a more and more profitable again now can then just filed to go i. P. O. Now this is the 3rd time that theyre trying to go i. P. O. After plans fell through this previously in china or time that theyre trying to go i. P. O. After plans fell through this previously in china and hong kong so why was it unsuccessful before and how will this one be different and hong kong so why was it unsuccessful before and how will this one be different. Yes it can and has had 2 failed i. P. O. s in hong kong and china yes it can and has had 2 failed i. P. O. s in hong kong and china and so this is actually the 3rd time around and so its really interesting to watch have and so this is actually the 3rd time around and so its really interesting to watch how this plays out one of the important things to know is that how this plays out one of the important things to know is that there has been recent turmoil with bit maine and so they may be able to there has been recent turmoil with bit maine and so they may be able to take advantage of that however also a bit mean did announce last week take advantage of that however also a bit mean did announce last week of a new 50 megawatt for the Crypto Mining facility in rockdale of a new 50 megawatt for the Crypto Mining facility in rockdale texas with also plans to expand that to a capacity of 300. 00 texas with also plans to expand that to a capacity of 300. 00 megawatts which makes it the largest mining facility in the world for big 100 megawatts which makes it the largest mining facility in the world for bitcoin and so it will be interesting to see how that plays out with cant and so it will be interesting to see how that plays out with canon as prices continue to recover it looks like a mining asset and as prices continue to recover it looks like a mining assets might gain more favor and maybe this time will be different for canada that might gain more favor and maybe this time will be different for canada. Now as you mentioned but maine is the other giant in this space and bernstein and unless they can see a mention bit maine is the other giant in the space and bernstein analysts they conservatively estimated that bit may made between 3. 00 to 4000000000. 00 in operating so mentally estimated that bit may made between 3. 00 to 4000000000. 00 in operating profit profit in 2017 now this is more than even the us profit profit in 2017 now this is more than even the u. S. Semiconductor giant video but in a video is 28 years old it may manage to be conductor giant video but new video is 28 years old it may manage to accomplish this after merely 4 years in the business so what does this tell you about the future accomplish this after merely 4 years in the business so what does this tell you about the future of the space and is this kind of growth sustainable and if so like how much longer future of the space and is this kind of growth sustainable and if so like how much longer. So a bit man is enjoyed huge growth off of the growth of crypto. Minas enjoyed huge growth off of the growth of crypto currency in bitcoin and as one of the leaders in mining the currency in bitcoin and as one of the leaders in Mining Equipment as well as mining they continue to sustain that advantage wittman as well as mining they continue to sustain that advantage what is going to be changing is the fact that mining subsidies are going to continue to what is going to be changing is the fact that mining subsidies are going to continue to decrease and so it will be interesting to see how bit me can decrease and so itll be interesting to see how big. I mean i can deal with that and perhaps as maybe new consensus mechanisms games pop in deal with that and perhaps as maybe new consensus mechanisms gains popularity bit made may look to diversify its core Revenue Streams be a liberty bit made me look to diversify its core Revenue Streams and try to you know take advantage of some of that growth having said and try to you know take advantage of some of that growth having said that big coin and crypto arent going away and theyre continuing to grow in popularity big corn and crypto arent going away and theyre continuing to grow in popularity and so with there will be increased transactions and it looks ready and so with there will be increased transactions and it looks like a bit mean well be able to maintain that advantage and enjoy large chunks like a bit mean well be able to maintain that advantage and enjoy a large chunk of that increase growth in transactions now there was this power clock of that increase growth in transactions now there was this power clash a bit man that you referred to earlier and it was mainly between visionary founder would lash out a bit man that you referred to earlier and it was mainly between visionary founder would you hon and cofounder. So what happened there and is the hon and cofounder. So what happened there and is there a likely a turn for. There are likely a turn for. So it still uncertain. So it still uncertain on exactly all of the details of what happened and whether or not it was a friend on exactly all of the details of what happened and whether or not it was. A friendly sort of takeover or whether it was a hostile takeover by just the sort of takeover or where there was a hostile takeover by john woo and the board what is important to note is according to and the board what is important to note is according to their last prospectus in their hong kong i. P. O. Filing john had their last prospectus in their hong kong i. P. O. Filing john had 37 percent of the company while. 21 percent 37 percent of the company while just 21 percent and so even if it was a hostile takeover or and so even if it was a hostile takeover or some sort of negative situation there is still the potential that john karr some sort of negative situation there is still the potential that john comes back in the future if circumstances of his terminations. In the future if circumstances of his terminations change having said that there was a memo and change having said that there was a memo circulated according to reports by john woo that basically stated circulated according to reports by john woo that basically stated if employees were to seemingly take orders or if employees were to seemingly take orders or listen to listen to john that there may be terminations or listen to listen to john that there may be terminations or prosecution and so there does seem to be some sort of negative sentence or prosecution and so there does seem to be some. Sort of negative sentiment to me and it will be it will be seen until just watching she was smarter such as the 47 and i will it is an impact i wish but it didnt expect me and for the border on the broader outer industry street as a whole whole full fast and they start fascinating story will definitely keep up ali mojave the block chain Founders Fund thank you so much for being here i will definitely keep up ollie mojave the block chain Founders Fund thank you so much for being here. As the future of this to use us as the future of the u. S. M. C. A. Better known as the new nafta is up in the air the United States neighbors to the defense e. A. A. Better known as the new nafta is up in the air the United States neighbors to the north and south are reporting Economic Data in canada economic output was pago earth and south are reporting Economic Data in canada economic output was positive but barely as global trade uncertainty wrecked havoc on the World Economy and the barely as global trade uncertainty wrecked havoc on the World Economy canadas Gross Domestic Product climbed just point one percent in august from the previous month to an account of the Gross Domestic Product climbed just point one percent in august from the previous month to an adjusted 1. 00 trillion dollars Statistics Canada as reported on thursday adjusted 1. 00 trillion dollars Statistics Canada as reported on thursday the economy grew at just over 1. 3 percent year over year canada the economy grew at just over 1. 3 percent year over year canada saw growth and Factory Production and professional services with a decline in wholesale transaction and oil and gas extraction the mexican economy witnessed an increase of point when i saw growth and Factory Production and professional services with a decline in wholesale transaction and oil and gas extraction the mexican economy witness an increase of point one percent. In the 3rd quarter of the year and analysts had expected growth of point 2 percent over the some percent in the 3rd quarter of the year and analysts had expected growth of point 2 percent over the timeframe there was positive growth of 3. 5 percent in the sector that covered farming time frame there was positive growth of 3. 5 percent in the sector that covered farming fishing and mining mexicos economy strength 5. 4 percent year over year fishing and mining mexicos economy strength 5. 4 percent year over year according to Statistics Agency of i and a. G. I. According to Statistics Agency of i and a. G. I. Chinas manufacturing p. M. I. Dropped to 49. 3 in october from 49 chinas manufacturing p. M. I. Dropped to 49. 3 in october from 49. 8 clocking in just below expectations the decline was led by the cheer and point 8 clocking in just below expectations the decline was led by deterioration in new orders and a decline in exports which fell to the lowest level since generation in new orders and a decline in exports which fell to the lowest level since july nonmanufacturing p. M. I. Also disappointed coming in at 52. 00 why nonmanufacturing p. M. I. Also disappointed coming in at 52. 00 as sentiment remained in negative territory for the 6 months in the row this is a sentiment remained in negative territory for the 6 months in the row this is in spite of the news that china and the u. S. Agreed on the outlines of a small scale trade in spite of the news that china and the u. S. Agreed on the outlines of a small scale trade deal indicating that chinese manufacturers and businesses doubt the pa a deal indicating that chinese manufacturers and businesses doubt the possibility of a trade deal with President Trump chinese officials have warned that they will not ability of a trade deal with President Trump chinese officials have warned that they will not budge for. And they remain concerned about quote trumps impulsive nature and other and they remain concerned about quote impulsive nature and the risk that he may back out even though the with the limited deal us in the risk that he may back out even though the with the limited deal us in dixies wiped out most of the full mag ains even with the continued slowdown in asia spook and nixies wiped out most of the full mag ains even with the continued slowdown in asia speaking markets all major indexes pulled back despite big earnings beats from facebook in markets all major indexes pulled back despite big earnings beats from facebook and apple. And apple. Following a new lawsuit alleging that jewel shipped at least 1000000 contest following a new lawsuit alleging that jewel shipped at least 1000000 contaminated pods to its customers marble maker altria has cut the value of its stake in them in a pause to its customers marble maker altria has cut the value of its stake in the electric Cigarette Company by 4500000000. 00 r. T. Is rachel love an electric Cigarette Company by 4 point 5000000000. 00 r. T. Is rachel love and has the latest. While the United States government is considered has the latest. While the United States government is considering a ban on flavored east cigarettes the popular company jewel is facing even warning a ban on flavored east cigarettes the popular company jewel is facing even more back watches causing them billions months after investing 12. 00 per back watching news causing them billions months after investing 12800000000. 00. As for a 35 percent stake in its rival jewel all true group was cut 1000000000. 00 for a 35 percent stake in its rival jewel all through a group thats cut the value of its stake by 4500000000 citing an expected changes in the market and the value of its stake by 4500000000 citing unexpected changes in the market and the possibility of future government regulations that could include a federal ban all to the possibility of future government regulations that could include a federal ban on the tree of wrote down its investment in july by more than a 3rd and now holds at a price that grew out of roe down its investment in july by more than a 3rd and now holds it at a price that values the cigarette maker at about 24000000000 this comes as jewel confirmed values the cigarette maker at about 20 4000000000. 00 this comes as jewel confirms plans to layoff around 500. 00 employees or as much as 15 percent of its plans to lay off around 500. 00 employees or as much as 15 percent of its workforce by the end of 2019 the company is also losing 4 of its executive force by the end of 2019 the company is also losing 4 of its executives and one filed a lawsuit this week accusing jewel of rampant corruption and one filed a lawsuit this week accusing jewel of rampant corruption a former Senior Vice President of Global Finance is claiming the popular easy direct company a former Senior Vice President of Global Finance is claiming the popular easy direct company shift at least 1000000 contaminated with us leader must 1st want to remember this year you can but never emanated prods to his customers earlier this year but never issued a recall and he alleges that when asked about the problem the c. E. O. At the time were issued a recall and he alleges that when asked about the problem the c. E. O. At the time said quote how far customers are drunk and beeping like low for those who the blank said quote how far customers are drunk and beeping like low for those who the blank is going to notice the quo. All of our pods jewel has responded by calling the lawsuit is going to notice the quality of our pods jewel has responded by calling the lawsuit baseless and former c. E. O. Kevin burns who stepped down last month released a baseless and former c. E. O. Kevin burns who stepped down last month released a statement saying quote i never said this or anything remotely close to this here statement saying quote i never said this or anything remotely close to this period as the i have the company make huge investments in product quality as the i have the company make huge investments in product quality and the facts will show this claim is absolutely false and pure fiction while the trend and the facts will show this claim is absolutely false and pure fiction while the trend of using flavored you cigarettes is taking off in the United States among millions of teenagers and young and using flavored you cigarettes is taking off in the United States among millions of teenagers and young adults reports of 34. 00 deaths from beeping related injuries sparked fears a problem jolts reports of 34. 00 deaths from beeping related injuries sparked fears across the country well as traditional cigarettes killing more than 480000. 00 in the country well its traditional cigarettes killing more than 480000. 00 americans every single year it raises the question of whether there is really if they bring up the down americans every single year it raises the question of whether there is really of a thing epidemic some scientists and researchers are working overtime to debunk the very things scare a minute some scientists and researchers are working overtime to debunk the very thing scare and they argue that the reaction to injuries from the cigarettes is emotional in a rational has and they argue that the reaction to injuries from the cigarettes is emotional in a rational hysteria saying traditional cigarettes are still much more dangerous meanwhile more the area saying traditional cigarettes are still much more dangerous meanwhile more than 50 health and. You see groups are calling for the trombone ministration to follow through with plans to 50 health and advocacy groups are calling for the trumpet ministration to follow through with plans to force the Cigarette Companies to take their favorite products off the market which would effectively to force the Cigarette Companies to take their flavored products off the market which would effectively create a new black market for vaporing in the u. S. In washington rachel glove and create a new black market for vaporing in the u. S. In washington rachel glove and r c. The fashion world is no stranger to fetching high priced artsy. The fashion world is no stranger to fetching high prices for famous clothing but a pair of auctions has seen some pieces go for pretty penny as for famous clothing but a pair of auctions has seen some pieces go for a pretty penny for fans of the 1970 blockbuster griese lead actress Livia Newton John for fans of the 1970 blockbuster grease lead actress Livia Newton John will be auctioning off several items from the set of the film but most notably her eye could well be auctioning off several items from the set of the film but most notably her iconic black outfit that includes a Leather Jacket and pants which is likely to haul in between on a black outfit that includes a Leather Jacket and pants which is likely to haul in between a 100200000. 00 according to julians auctions the auction house behind 800200000 dollars according to julians auctions the auction house behind the sale a portion of the proceeds will benefit ms nunes johns Cancer Charity and the sale a portion of the proceeds will benefit ms nunes johns Cancer Charity and at the same auction house they just sold off an iconic cardigan worn by the late nirvana and at the same auction house they just sold off an iconic cardigan worn by the late nirvana from and kurt cobain that brought in a whopping 334000. 00 from and kurt cobain that brought in a whopping 334000. 00 topping even the highest at. 300000 the famed green sweater has topping even the highest estimate of 300000 the famed green sweater has worn by the singer during the bands 1903 m. T. V. Unplugged performance and according to a worn by the singer during the bands 1903 m. T. V. Unplugged performance and according to Rolling Stone it has yet to be washed since the concert the card again was i get a Rolling Stone it has yet to be washed since the concert the card again was then given to a family friend after cobains death in 1904 who has it had ever had sense into a family friend after cobains death in 1904 who has it had ever had since. Thats it by this time you can catch who must directives. Thats it by this time you can catch who must direct t. V. Channel 321 dish network and up to 80 or streaming 247 channels 321 dish network and up to 84 streaming 247 on t. V. The free t. V. Optional to 79 or as always get us up that you tube dock t. V. The free t. V. Optional 279 or as always get us up at youtube dot com boom bust r t c n x time. R t c n x time. Believing weird things by the way was called sugar station or magical things you. Believe weird things by the way this culture for station or magical things you believe we. Things like that is not a bug in the system its in believing weird things like that is not a bug in the system its a feature comms equipped in the software of our program mean to feature comms equipped in the software of our program mean to try to connect things in the environment just in case theres a real connection. Try to connect things in the environment just in case theres a real connection. Cooked additional. Cooked additional supposed to get something to linger some of these its inconsistent with what youre looking its not. Something to linger some nice its inconsistent with what youre looking is no no. No. C m do you have seen him if you can also post me. See him do you have seen him if you can also post me. Look with a showing of the blue sky. He looked with a showing of the blue sky in the church dont you think it will show. Your bishop standing. Well what i think it will show me. Your bishops only. Welcome of shipping. You up and most of the book hit the wall with them of shipping. You up and most of the book hit the wall with the books and you will have still to say no i dont know what that for the 1st thing you will have still to say no i dont know what the war. Was the latest news in the us. Boys in the war. It was the latest news in the pulse. Or easy thing right there yet ive put. The for you out of pocket. Listeners through some really strong social. Justice through some really strong. Stuff. Find this us. Find this us. And. For unions. And. For unions. Rational. Rational. Desire for love need the feet. Desire for love need the. Zoom. Zoom. Yeah. Im. Watching in the beginning to your. Watching in the beginning to your good. Fortune for the outnumbered a lot about a. Fortune for the outnumbered a lot of both. Spend. More than spend in that sort of. You know world of big partisan movies. You know world of big partisan movies lot and conspiracy its time to wake up to dig deep and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the path and shout to be smarter we need to stop slamming the door on the back and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for walking past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. Closely watching the hawks. Forces backed by the cia in afghanistan have committed atrocities forces backed by the cia in afghanistan have committed atrocities including summary executions according to a damning report by Human Rights Watch including summary executions thats according to a damning report by Human Rights Watch theres really no question that conduct like this violates the laws theres been no accountability for that theres really no question that conduct like this violates the laws theres been no accountability for this type of conduct and certainly not for the actual cases we documented in this new report this type of conduct and certainly not for the actual cases we documented in this new report. Also this hour as california residents suffer from raging wildfires its all for this hour as california residents suffer from raging wildfires its alleged that a malfunction at a local Power Company could have started part of the inferno allege that a malfunction at a local Power Company could have started part of the inferno. Plus an israeli soldier who disobeyed orders and. Plus an israeli soldier who disobeyed orders and fatally shot a palestinian teenager is sentenced to 8 months of Community Service. A palestinian teenager is sentenced to a month of Community Service we speak to the boys family. The soldiers didnt get to play punishment so his colleagues would do the same to. Speak to the boys family. The soldiers didnt get to perform punishment so his colleagues would do the same