A slightly more positive note japans lower house of parliament approved a limited trade deal with the u. S. But now there is uncertainty over progress regarding highly contentious tariffs on its cars and car parts japan and the u. S. Formally signed a limited trade deal to cut tariffs on u. S. Ag giving President Trump a moral victory but now theres fear about next steps as trump known for his flip flopping ways have not confirmed that the u. S. Would scrap tariffs on Japanese Cars and car parts despite giving jack assurances it will analysts cited these times as unfavorable as details were intentionally vague giving us leverage to win more concessions at a later date what was actually close to a trade deal with mexico and canada just last week House Speaker nancy pelosi said that a breakthrough on the new trade agreement called the u. S. In ca was this is her word imminent President Trump has been pushing for this new trade agreement but one of the groups pushing back or us labor unions the same labor unions whose workers were deeply her. By the way by the previous nafta trade agreement a. F. L. Cio president Richard Trumka told Union Members at a convention in maryland on monday evening that nafta had been a quote disaster for working people with maryland alone losing more than 70000 manufacturing jobs quote weve been lobbying the white house specifically on nafta for more than 2 years slowly but surely moving the ball down the field but we are not there yet he said quote let me repeat we are not there yet junko went on to say that getting the deal done right is more important than getting that done fast by the way the u. S. M. C. A. Was signed by all 3 countries the us mexico and canada but a year ago but it has to be passed by lawmakers in all 3 countries including the us congress joining us now to talk about this issue and what ultimately be good for workers is former u. S. Representative alan Grayson Allen thanks for being on. Q. So lets begin here with the concerns over the u. S. Embassy a really being nothing more than just well lets call it this nafta 2. 00 which cost American Workers millions of jobs so why should American Workers believe that the u. S. Isnt just really going to be more of the same well it is more of the same and theres no doubt about that if they believe theyre right its 2 or 3 ounces of nothing if we if you reach the point where the most important element of the deal is whether 62 percent or 75 percent domestic content is required the kind of cars being made in north america you are arguing over nonsense so there is only one thing in this deal that actually matters which is the fact that it gives you a path toward repealing that if youre willing to wait 16 years to do it. So now one of the biggest concerns over the u. S. M. C. A. Is whether or not its going to be enforceable and whether it will support stronger labor standards so what would the stronger standards look like. Simply enforceability right now the labor standards Environmental Standards and the after are not enforceable at all lets say a the u. S. Government decides to discriminate against canadian Forest Products well that company in canada can take the u. S. To court but lets say that mexico decides to completely were neg on its promises to have labor or Environmental Standards and by the way the minimum wage in mexico is about 0. 50 an hour so you can say were now use a good word to use theres nothing anybody can do to enforce that and thats been a flaw in nafta ever since it was created and thats one reason why our trade deficit which had never been one 140000000000. 00 in any year before nafta took place have been 140000000000. 00 or more every single year since the place the things that matter to workers labor protection of our own protection are completely on enforceable theres a group of would take a stab at making that forcible and i think back to i think it was 1993 that nafta officially really kicked in as the Ice Cream Truck goes by the background and so he kicked in a 993 but if you go back to ross perot he was a president ial candidate who spoke about this warning about all the jobs that were going to go away when President Trump got elected he spoke obviously a lot about nafta one of his major issues in running for the presidency was that he was going to repeal and fix nafta but heres the thing the u. S. It was a really doesnt change anything forget about you know the trade deficit and all that it really doesnt change anything either about jobs and that seems like that was the point the president was trying to make when he was running right he was going to bring jobs back does this trade agreement do anything to bring manufacturing back into this country it doesnt seem to only if you happen to make cheese because for the 1st time out of this agreement if it goes into effect we will be able to export cheese to canada assuming that the Canadian Dollar and lets that one go by they havent voted on this yet im guessing that ones going to be gone. But right youre right there i mean it created this enormous imbalance in the north American Economy that hasnt been fixed yet our trade deficit is now running about 2000000000. 00 a day and thats the real issue with regard to trade doesnt have so much to do with tariffs or car manufacturing or anything in particular its the fact that we are borrowing borrowing borrowing at this point about 14 trillion dollars worth of borrowing from other countries simply to create jobs in those countries including mexico including canada including china and that is an imbalance that this agreement doesnt address in the least you have and by the way i want to correct as i said 1903 my producer says it was 94 want to make sure i had that right but look i think whats frustrating about this is when you see all the issues that need to be dealt with in this country and republicans and democrats keep calling this something bipartisan they can work on but from everything that ive seen about it it doesnt as and as youre saying it doesnt seem to really do anything so how is it that the only bipartisan thing that can get done in washington is something that ultimately doesnt change anything give you the last word here well in fact what trump wants out of this is simply the ability to say that he said he was going to renegotiate and he renegotiated no matter that it ended up being the same what palosi wants is something fundamentally different she wants to see a road map to end nafta she wants to see labor agreements and environmental begin to be enforceable she wants to make the thing better and shes going to trump as little Victory Party for the sake of doing that i respect. Representative alan grayson appreciate your time and your expertise on this thanks. Ali baba will close its order books early as a secondary listing in hong kong have been multiple times oversubscribed the economist it will be issuing 500000000. 00 new shares plus a 75000000. 00 green shoe option and a 13 below. In dollars sale so why is it pushing through with a secondary listing now basic level this fresh capital injection is dry powder to sustain growth and drive User Engagement at a time when both the chinese and the u. S. Economies are slowing down on another level heightened tensions between beijing and washington have increased concerns that ray dollars prediction of an imminent couple to war could be on the horizon earlier this year there were rumors about a delisting of chinese stocks at u. S. Exchanges and ali baba shares have also remained undervalued and discounted to amazon the local favorite on the u. S. Market despite having comparable bottom lines amazons 2800. 00 net income reported 10 point one 1000000000. 00 versus ali babas 9200000000. 00 just a difference of 1000000000. 00 however amazons capitalization is almost double that of 880000000000. 00 versus 490000000000. 00 its decision to push ahead with hong kong listing despite the increasingly violent riots have surprised bankers that appetite remains healthy the i. P. O. Has also attracted Significant Interest from asian sovereign wealth funds and institutional and that helps to send the message that hong kong is still functioning as an Asian Financial center the offering could potentially put hong kong back on track to retain its listing crown for another year beating out new york who year to date raise 32500000000. Really do you think wins that i mean obviously is much larger but it was not it seems like branding was has just been more successful well that goes to show that they have 2 very different markets amazons primary market is more so b. To c. B. To b. In manufacturing so thats also 2 very Different Things and ali baba is making tremendous progress in the Cloud Computing front and thats pretty much where you see the big difference amazons net margins the margins are probably only about 7 percent. Margins are at 20 percent and thats what accounts for the huge difference and thats a big big difference there so i know for a quick break but dont go away because the privacy protocol middle wimble you should stick around just for that name should no longer be considered a viable all turn. Catcher minera when it comes to privacy were going to tell you what one research analyst. And what it means ultimately for privacy and he continues over to the wildly popular app is now pivoting to other countries weve got that report straight ahead and as we go to break here are the numbers of the quotes. Efforts to impeach and remove donald trump from the presidency have clearly divided the country this should not surprise anyone trump is probably the most divisive public figure of our time however all this division over a Single Person is changing and even damaging institutions is impeachment the normal. Tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been only implement from the inside venezuela things are different were going to announce sanctions against. Venezuela associated. Famously have a supplemental. Get out. The. Moment. The whose story isnt new nixon called Henry Kissinger to tell him that it would not be tolerated in latin america an alternative economic and social system could take hold and therefore the policy would be to make. The chilean economy scream so wants to make the economy of venezuela screed. You know world of big. Law 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 be smart we need to stop slamming the door. 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 watching closely watching the hawks. This is a story about what happens austria stray bullets kills a young girl in the streets. What happens to her family daughters in florida the mother is very serious and terry is dealing this is with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pen this than him and what happens in court be. Shocked shocked as far as i feel. We dont know this is from. The end of this unfortunately you. Know children. Remember when a privacy protocol has been broken by Research Analysts i. B. M. Bogey who publishes by names were feeling how he was able to anonymize 96 percent of all grant transactions i havent concluded that number one goal should no longer be considered as a viable alternative to z. Catch on. Minera when it comes to privacy now to quines have implemented this protocol grin and being so to simplify middle wimble works like one big question join a crustless method for combining multiple payments from multiple spenders into a single transaction before adding it to the new block like a big mixing pot this purportedly ensures anonymity and all transactions that end up on the same block but i havent found that if you attack the transactions as theyre being broadcasted to the big queen joined mixing pot to be mixed you can unwind the aggregation grid was apparently aware of this law already and have been working on a solutions that have not been yet released on the report green is down 10 percent and being down 6 percent ive been further suggest that mim wimble could be combined with another part of the protocol that conceals the transaction graph altogether that seeks to integrate and establish privacy features for the likely network. And thats really where it has the Biggest Issue right now right is because as it develops for like when you say privacy it has to be able to truly be private but at the same time it cant just be private at the final point when when the transactions done the coin as you mentioned it has to be able to be private all the way through and thats difficult to accomplish exactly so there are inherent flaws in all the privacy quines that are currently in existence or the largest ones are going to be cash dash and minera. Dash thats being very centralized power is the cash so far is the best but what it does what it what it is so strong in this Computing Power and its aggregation system makes it very expensive and it makes the network very slow so thats kind of like the downside of the cash dash being very centralized other than that dash is a fine option and if you like. That and then the now does have a couple issues with their network as well because they they run in the same pounds of coins and its not entirely anonymous we can argue about that more later because im sure we will global taxes on big tech companies. Level its coming right but in the meantime a number of European Countries are creating their own digital taxes for tech giants one of the latest the Czech Republic which is looking at a tax on companies that have more than 750000000. 00 euros in global revenue and reach more than 200000 User Accounts we know who were talking about the tax still needs to be confirmed in parliament but if it goes through the Czech Republic would join other e. U. Countries that are trying to rein in International Tech giants because already both italy and france have started implementing their own digital taxes after attempts at putting together an e. U. Wide tax filled last year and joining us out of discussions hillary for which board member with the British AmericanBusiness Association hillary glad that youre here today because that is your so there is obviously this increasing push right to really resolve taxation in texas tech giants were talking about facebook and amazon and apple google part of the reason for that though is because of the way these companies shift profits around the world. In order to minimize their tax bill correct yes absolutely in fact its so common that its actually known as double irish sandwich. For the fine so what they do and google is a good example of what theyve done actually is they set up a subsidiary in the netherlands writes about the dutch part of the sandwich but the double irish is then they send some of those revenues go to through an irish google island subsidiary which then has an affiliate in bermuda where theres no taxation now this is 100 percent legal google has said well we pay 2726 percent taxes worldwide and its legal 100 percent correct it is 100 percent legal 26 percent taxes overall how well it actually comes down to a single digit rate when you look at how they have been taxing those offshore royalty accounts because if you look at the no tax the none of the taxes from the sort of maneuver that i just mentioned overall globally its more like Single Digits was little companies or Midsized Companies like mine in the rest of us you know were paying 50 percent and i dont have an offshore affiliate. Program so its now some of these proposed changes they wouldnt actually result in much more revenues for the stimulation performed by the French Council of Economic Analysis which they currently have the role of vising the french government found that a change in the Corporate Tax receipts would not be substantial for france germany the u. S. Or china so why is that well actually its very interesting to see that you mention particularly that instance because of course being french what are they doing are we always wonder whatever i read any single study i always wonder who originated this and where did it come from and maybe im cynical always think like im one of their motives just think about this should there be a global minimum tax which has been proposed extensively both in the e. U. And actually in the us should there be one think about 2 countries that would be adamantly opposed one would be the french and you might say why because they certainly would benefit from all the taxation the stocks the facebooks amazon. Netflix and google why because the its the the french have of course they have no way hennessy they have louisville on the way hennessy the l v m h and thats then they derive huge amount of taxes that says luxury Global Company from. Hennessy and Louis Vuitton so they dont want it and also the dutch dont want it because of all the subsidiaries there so youve got 2 countries pushing back instantly and thats why the study comes out of france and says that you know the dutch dont want you to mess with