Transcripts For RT News 20240712 : vimarsana.com

Former National Security advisor Michael Flynn loses his bid for the criminal case against him to be dropped. By broadcasting live coverage for our studios in moscow this is R T International and john thomas certainly glad to have you with us now residents of have staged a protest against the arrival of new migrants officials on the southern talian island state that the situation is not sustainable and some locals are taking matters into their own hands by trying to stop the newcomers from disembarking. I cannot we dont understand whats going on here in london do so this is a disaster for us the migrants arent leaving because theyre left alone were all in this together the early hours of sunday morning around 370 people arrived in the port of lampedusa on board a fishing boat now they received an angry reception from locals. Here were here for peace we just want the Illegal Migrants to go back because were fed up tonight limb produce assess enough while local government officials and lampedusa are saying the island can cope no more with the sheer number of people that are arriving on their shores in fact the mayor of lampedusa spoke to r. T. Saying this he wants to see a strike a general strike on the island to try and draw attention to whats going on in a situation he describes as overloaded. The situation in lampedusa is disastrous in the sense that we have a full Reception Center in addition to the norm because we have 1260 people and then tonight there was a landing of 300 67. 00 more people who can no longer be taken in here theyve been brought to a facility made available by the church we always carry out our job with the total indifference of the Italian Government but here the problem is objective we not in a position to host more people all on saturday around 50 people were processed by the Italian Coast Guard those migrants had been rescued from the Mediterranean Sea by the boat the luis michel. Is the vessel its funded financed by the street artist banksy it skip it by the german captain. She is credited with rescuing at least a 1000 people from the Mediterranean Sea between 20112017 but she was also charged with colluding with people smoke. By the authorities and its only in 2019 charges that she strongly denies however you look at the situation in the mediterranean though regarding migrants it doesnt look good were seeing calls from the United Nations and n. G. O. S operating in the area for the European Union to do more and for membership states to share the burden of migrants that are currently arriving on the shores of lampedusa other italian islands what we are saying though is the situation in lampedusa is really our breaking point. The mayor of the tiny mediterranean island has said he fails abundant and the island feels abandoned by both the governments of italy and the European Union. Is that before too i say that nothing has been done to solve the problem of migrants because in italy we speak only and exclusively from the point of view of differing factions but this moment is more of a Electoral Campaign than a solution to the problem we have 2 factions one that shouts yes and the other that shouts no but they never set out on paper how to solve the problem and therefore the problem both in easily and in europe is very serious we need to face up to it in a radical way and will continue to witness everything that is happening on the island i dont understand why transfers are not carried out with military ships what are these military ships for given that italy is not at war with anyone europe has done nothing for lampedusa on the problem of migrants no one listens and there is a deafening silence from the european and italian institutions even those who a task. With taking an interest in the phenomenon of basically left alone well numbers of migrants crossing the mediterranean is continuing steadily its a perilous crossing at the best of times as we head in to the autumn and winter months its only going to become more and more dangerous and require more and more people to muttley being rescued from the waters of the mediterranean the latest surgeon c. Crossings to italy from north africa comes 5 years after a landmark speech by german chancellor Angela Merkel almost exactly to the day back in 2015 she responded to the concerns over the influx of migrants by saying this if you are going to enforce this and i say very simply germany is a strong country the attitude with which we approach these things must be we have achieved so much we can do it we can do it and when something stands in our way it has to be overcome it has to be worked on. According to official data almost 5000000 people have applied for asylum in the e. U. In the past 5 years italy france sweden and germany have taken in the largest numbers officially added germany has accepted more Asylum Seekers than any other nation in the past decade according to the Un Refugee Agency we spoke with petter by strain from the alternative for Germany Party he believes the inflow of migrants has been devastating for the country. Everybody knows that the policy wasnt success if the target was not to destroy the German Society we are facing a very massive rise of criminality. Committed by didnt oh look at the both the brakes it was cost from a big part because of this migration krises and because of the migrants the European Union saw and breaks it is the beginning of the end of the you so does this was a big big problem and you see also the pensions now between countries in the European Union between entirely on one side and germany on the other side. Between the countries of the sugar our group on one side and germany on the other side said this this problem is making European Union falling apart. China has introduced a new restrictions on tech exports in a move that could block the sale of tick tocks operations in the u. S. Soccer taylor looks at why companies are vying to buy an app that until recently was the focus of spying allegations lying snooping and stealing if you believe the us these are chinas favorite hobbies that after years of targeting our industry and stealing our intellectual property you should know there is enormous risk to americas National Security as well thats left of american jobs and wealth. Has come to an end and deny the Chinese Communist party access to the private information that belongs to america but in a twist only 2020 could provide its no beijing hes getting touchy about its tack such an technologies will not be subject to export bans or restrictions meaning they have to be green that by the Chinese Government someone who would be doing a 15 2nd synchronized jig to celebrate this news byte daunts take talks Parent Company because all day rough couple of months involved a volatile in legal disputes talk about of an executive order were looking at at 6 we may be betting to bear that the use of tech talk by all federal employees i dont mind if theres microsoft or somebody else a big company has secured a company very very American Company by the Chinese Company has to sell off its u. S. Operations because donald trump said so on because there is 100000000 users new u. S. Company bond into that dominance the slip sinking free wild mess and given its basically a direct line to millions of young people right for odds research and Data Collection which dont worry is totally acceptable what america not the Chinese Communist party is doing at right facebook take talks about u. S. Tech giants chomping at the bit i mean who wouldnt want to piece of this pie. Bizarre as it may seem right that its a gold mine and for some it really is whilst its weight in gold. Juggernauts microsoft and oracle said to be leading the race in a potential deal i dont want him to take out a room at 20. 00 to 30000000. 00 bill to dogs that way to ownership of the outrageously successful op i need not gas is also eyeing up a piece of this pot are yours microsoft or somebody else or it was the chinese what what the price is the United States could should get a very large percentage of that price and we think we deserve to have a big percentage of that price coming to america coming to the treasury while chumps teaming take top treasury may not be such a sure thing if i dont find it still roadblocks by beijings new regulations even truman ties teenagers from new york to california straight to that photo as their identity either way it must be sad for a naing snooping and stealing app to talk sure how the knot of soup says and that willing to splash all kinds of casts to get it into bad you know there are many laws that are that have already been passed and so several more there are that are working their way through congress and certainly will be signed by the president that are banning chinese apps and chinese Tech Products but i think in one sense china wants to get ahead of that its embarrassing and so you know by passing their own ban on cells. Its a way of regaining some of their National Face what were seeing now from the chinese side might prevent tech talk from selling to an American Company like microsoft or walmart they see this as an attempt by the u. S. To basically force a fire sale of cutting edge attack that undercuts the value of the Chinese Companies but also gives chinese our u. S. Companies access to technology that they dont have. Another chapter in a long running saga Donald Trumps former National Security advisor Michael Flynn has. Lost an appeal for the criminal case against him to be dismissed flynn was convicted of lying under oath during the russia gate probe the charges were dropped on orders from the Justice Department but the latest ruling means that the case still has to go through the District Courts federal judges ruled 8 to 2 against flynn and his attorneys Sidney Powell called the decision disturbing split as expected a long line 7 from the tone and tenor of the judges said oral argument it is a disturbing blow to the rule of law some background to the case Michael Flynn was questioned by the f. B. I. As part of the investigation into alleged russian meddling in the 2016 u. S. Election he resigned after initially pleading guilty to misleading the f. B. I. But later claimed prosecutorial misconduct at that stage his new layer produced the documents revealing that the f. B. I. Had set out to entrap flynn and had no valid cause to interview him in the 1st place legal analyst and u. S. National security commentator jennifer to master believes the case against land should have been a nonstarter. Not only the exculpatory documents that Sidney Powell did provide that show that this case should never have been brought not just that but the entire reason that the judge is holding this case out is because glenn pled guilty to a document that he has never seen so we have to think about that a document he has never seen that the public has never seen that the court has never seen that his original interview what they called the original 3 which Sidney Powell has been asking for so in most legal cases theres a process of discovery we need to see all of these documents doc just an edited version they had never even produced that original interview and i think their plan is to pass about november but its certainly important hopefully theyre going to be ways or methods where they can go that doing this to make this go through faster this is an absolute travesty of justice. International still to come in the program the people of ecuador rise up and protest over the countrys economic collapse as it agrees to a huge relief package that story and much more after a short break. The world is driven by dreamers shaped by the one person. Who dares thinks. We dare to ask. What weve got to do is identify the threats that we have its crazy the informed patient let it be an arms race is on offer. Very Dramatic Development only. I dont see how that strategy will be successful very critical. To sit down and. Welcome back this is our National Ecuador has struck a deal with the International Monetary fund on a 6500000000. 00 relief package the lifeline comes with Strings Attached though including spending cuts and tax reform ecuador is in the grips of a long running economic crisis and the i. M. F. Has already provided several loans to secure them quito has had to slash funding for Vital Public Services including health care and critics say that has left the country defenseless in the face of the coronavirus ecuadors among the hardest hit nations by covert 1000 in latin america. Oh i think the everyone in the entire population had this corona virus but we did not have medical help because the doctors did not come here you know they are only in the city and we had to go and look for them so people use home remedies. Like. In the hope you can you cant imagine how bad the hospitals were they didnt want to admit anyone else so instead they took my parents to kill me but my father and my mother both died there. In principle receiving that sum of money for a country in crisis sounds like good news well did they believe that detail these agreement is not a free lunch for it whether it comes with the start condition imposed by the i. M. F. Which continues to promote these us through the story. These policies are raking how book on the countrys economy as well as its Health Care System leading to systematic by lesions of the economic and social rights that the other your constitution and the national protect. Public anger over austerity has seen people take to the streets even during the pandemic students Civil Servants and Police Officers are mungos at voicing their anger over budget cuts Sergio Aguero hernandez again says that the i. M. F. Intervention needs reassessing. Really wanted to support it but. They got these. Following measures 1st its probably says this human rights in bugs that can eat its loans and impose a coast on them must be said dentists theres including Indigenous Peoples must be absolutely. It should respect democratic processes for economic Decision Making agreements must be negotiated. And this means refraining from any influence over the scope of easy decisions in the country. Donald trump has cut into joe bidens lead in the polls in the wake of last weeks Republican Party convention the latest survey gives the democratic nominee a 6 percentage point lead down from 10 a week earlier both candidates are hoping to reel in africanamerican voters ahead of novembers election because i have a great Vice President at my side. Senator kamel iris she knows about all the obstacles thrown in the way of so many in our country women black women black americans south Asian American immigrants the left down to the left behind and i have done more in 3 years for the black community than joe biden has done in 47 years. And when im reelected the best is yet to come. Bidens efforts to win black votes include choosing kamel harris as his running mate she is the 1st black woman on a major partys president ial ticket biden also gave an interview to robert carr to be at a time when he has been criticized for sidestepping other media requests and some of his remarks about black people have been widely ridiculed. Youve got a moral question of god so if you have a problem figuring out where youre from mere trump and you aint black unlike the African American community with notable exceptions the Latino Community is incredibly Diverse Community with incredibly different attitudes about different settings bidens approach to criminal justice has also alienated some of the black lives Matter Movement who wanted the police funded in june around 50 liberal groups sent a letter to biden disappointed over his pledge to help fund a federal Community Policing program his policies would also see an increased Police Presence in some black communities we heard from a human rights activist who says this all gives the impression that biden doesnt really understand the black voters. It was quite clear that the. Troll forces. Targeting black voters they believe that some sectors of the black population is in fact in play that is they can be persuaded to support. It and it may be successful because of the fact that the democrats dont appear to be. Different than the National Security<\/a> advisor Michael Flynn<\/a> loses his bid for the criminal case against him to be dropped. By broadcasting live coverage for our studios in moscow this is R T International<\/a> and john thomas certainly glad to have you with us now residents of have staged a protest against the arrival of new migrants officials on the southern talian island state that the situation is not sustainable and some locals are taking matters into their own hands by trying to stop the newcomers from disembarking. I cannot we dont understand whats going on here in london do so this is a disaster for us the migrants arent leaving because theyre left alone were all in this together the early hours of sunday morning around 370 people arrived in the port of lampedusa on board a fishing boat now they received an angry reception from locals. Here were here for peace we just want the Illegal Migrants<\/a> to go back because were fed up tonight limb produce assess enough while local government officials and lampedusa are saying the island can cope no more with the sheer number of people that are arriving on their shores in fact the mayor of lampedusa spoke to r. T. Saying this he wants to see a strike a general strike on the island to try and draw attention to whats going on in a situation he describes as overloaded. The situation in lampedusa is disastrous in the sense that we have a full Reception Center<\/a> in addition to the norm because we have 1260 people and then tonight there was a landing of 300 67. 00 more people who can no longer be taken in here theyve been brought to a facility made available by the church we always carry out our job with the total indifference of the Italian Government<\/a> but here the problem is objective we not in a position to host more people all on saturday around 50 people were processed by the Italian Coast Guard<\/a> those migrants had been rescued from the Mediterranean Sea<\/a> by the boat the luis michel. Is the vessel its funded financed by the street artist banksy it skip it by the german captain. She is credited with rescuing at least a 1000 people from the Mediterranean Sea<\/a> between 20112017 but she was also charged with colluding with people smoke. By the authorities and its only in 2019 charges that she strongly denies however you look at the situation in the mediterranean though regarding migrants it doesnt look good were seeing calls from the United Nations<\/a> and n. G. O. S operating in the area for the European Union<\/a> to do more and for membership states to share the burden of migrants that are currently arriving on the shores of lampedusa other italian islands what we are saying though is the situation in lampedusa is really our breaking point. The mayor of the tiny mediterranean island has said he fails abundant and the island feels abandoned by both the governments of italy and the European Union<\/a>. Is that before too i say that nothing has been done to solve the problem of migrants because in italy we speak only and exclusively from the point of view of differing factions but this moment is more of a Electoral Campaign<\/a> than a solution to the problem we have 2 factions one that shouts yes and the other that shouts no but they never set out on paper how to solve the problem and therefore the problem both in easily and in europe is very serious we need to face up to it in a radical way and will continue to witness everything that is happening on the island i dont understand why transfers are not carried out with military ships what are these military ships for given that italy is not at war with anyone europe has done nothing for lampedusa on the problem of migrants no one listens and there is a deafening silence from the european and italian institutions even those who a task. With taking an interest in the phenomenon of basically left alone well numbers of migrants crossing the mediterranean is continuing steadily its a perilous crossing at the best of times as we head in to the autumn and winter months its only going to become more and more dangerous and require more and more people to muttley being rescued from the waters of the mediterranean the latest surgeon c. Crossings to italy from north africa comes 5 years after a landmark speech by german chancellor Angela Merkel<\/a> almost exactly to the day back in 2015 she responded to the concerns over the influx of migrants by saying this if you are going to enforce this and i say very simply germany is a strong country the attitude with which we approach these things must be we have achieved so much we can do it we can do it and when something stands in our way it has to be overcome it has to be worked on. According to official data almost 5000000 people have applied for asylum in the e. U. In the past 5 years italy france sweden and germany have taken in the largest numbers officially added germany has accepted more Asylum Seekers<\/a> than any other nation in the past decade according to the Un Refugee Agency<\/a> we spoke with petter by strain from the alternative for Germany Party<\/a> he believes the inflow of migrants has been devastating for the country. Everybody knows that the policy wasnt success if the target was not to destroy the German Society<\/a> we are facing a very massive rise of criminality. Committed by didnt oh look at the both the brakes it was cost from a big part because of this migration krises and because of the migrants the European Union<\/a> saw and breaks it is the beginning of the end of the you so does this was a big big problem and you see also the pensions now between countries in the European Union<\/a> between entirely on one side and germany on the other side. Between the countries of the sugar our group on one side and germany on the other side said this this problem is making European Union<\/a> falling apart. China has introduced a new restrictions on tech exports in a move that could block the sale of tick tocks operations in the u. S. Soccer taylor looks at why companies are vying to buy an app that until recently was the focus of spying allegations lying snooping and stealing if you believe the us these are chinas favorite hobbies that after years of targeting our industry and stealing our intellectual property you should know there is enormous risk to americas National Security<\/a> as well thats left of american jobs and wealth. Has come to an end and deny the Chinese Communist<\/a> party access to the private information that belongs to america but in a twist only 2020 could provide its no beijing hes getting touchy about its tack such an technologies will not be subject to export bans or restrictions meaning they have to be green that by the Chinese Government<\/a> someone who would be doing a 15 2nd synchronized jig to celebrate this news byte daunts take talks Parent Company<\/a> because all day rough couple of months involved a volatile in legal disputes talk about of an executive order were looking at at 6 we may be betting to bear that the use of tech talk by all federal employees i dont mind if theres microsoft or somebody else a big company has secured a company very very American Company<\/a> by the Chinese Company<\/a> has to sell off its u. S. Operations because donald trump said so on because there is 100000000 users new u. S. Company bond into that dominance the slip sinking free wild mess and given its basically a direct line to millions of young people right for odds research and Data Collection<\/a> which dont worry is totally acceptable what america not the Chinese Communist<\/a> party is doing at right facebook take talks about u. S. Tech giants chomping at the bit i mean who wouldnt want to piece of this pie. Bizarre as it may seem right that its a gold mine and for some it really is whilst its weight in gold. Juggernauts microsoft and oracle said to be leading the race in a potential deal i dont want him to take out a room at 20. 00 to 30000000. 00 bill to dogs that way to ownership of the outrageously successful op i need not gas is also eyeing up a piece of this pot are yours microsoft or somebody else or it was the chinese what what the price is the United States<\/a> could should get a very large percentage of that price and we think we deserve to have a big percentage of that price coming to america coming to the treasury while chumps teaming take top treasury may not be such a sure thing if i dont find it still roadblocks by beijings new regulations even truman ties teenagers from new york to california straight to that photo as their identity either way it must be sad for a naing snooping and stealing app to talk sure how the knot of soup says and that willing to splash all kinds of casts to get it into bad you know there are many laws that are that have already been passed and so several more there are that are working their way through congress and certainly will be signed by the president that are banning chinese apps and chinese Tech Products<\/a> but i think in one sense china wants to get ahead of that its embarrassing and so you know by passing their own ban on cells. Its a way of regaining some of their National Face<\/a> what were seeing now from the chinese side might prevent tech talk from selling to an American Company<\/a> like microsoft or walmart they see this as an attempt by the u. S. To basically force a fire sale of cutting edge attack that undercuts the value of the Chinese Companies<\/a> but also gives chinese our u. S. Companies access to technology that they dont have. Another chapter in a long running saga Donald Trumps<\/a> former National Security<\/a> advisor Michael Flynn<\/a> has. Lost an appeal for the criminal case against him to be dismissed flynn was convicted of lying under oath during the russia gate probe the charges were dropped on orders from the Justice Department<\/a> but the latest ruling means that the case still has to go through the District Courts<\/a> federal judges ruled 8 to 2 against flynn and his attorneys Sidney Powell<\/a> called the decision disturbing split as expected a long line 7 from the tone and tenor of the judges said oral argument it is a disturbing blow to the rule of law some background to the case Michael Flynn<\/a> was questioned by the f. B. I. As part of the investigation into alleged russian meddling in the 2016 u. S. Election he resigned after initially pleading guilty to misleading the f. B. I. But later claimed prosecutorial misconduct at that stage his new layer produced the documents revealing that the f. B. I. Had set out to entrap flynn and had no valid cause to interview him in the 1st place legal analyst and u. S. National security commentator jennifer to master believes the case against land should have been a nonstarter. Not only the exculpatory documents that Sidney Powell<\/a> did provide that show that this case should never have been brought not just that but the entire reason that the judge is holding this case out is because glenn pled guilty to a document that he has never seen so we have to think about that a document he has never seen that the public has never seen that the court has never seen that his original interview what they called the original 3 which Sidney Powell<\/a> has been asking for so in most legal cases theres a process of discovery we need to see all of these documents doc just an edited version they had never even produced that original interview and i think their plan is to pass about november but its certainly important hopefully theyre going to be ways or methods where they can go that doing this to make this go through faster this is an absolute travesty of justice. International still to come in the program the people of ecuador rise up and protest over the countrys economic collapse as it agrees to a huge relief package that story and much more after a short break. The world is driven by dreamers shaped by the one person. Who dares thinks. We dare to ask. What weve got to do is identify the threats that we have its crazy the informed patient let it be an arms race is on offer. Very Dramatic Development<\/a> only. I dont see how that strategy will be successful very critical. To sit down and. Welcome back this is our National Ecuador<\/a> has struck a deal with the International Monetary<\/a> fund on a 6500000000. 00 relief package the lifeline comes with Strings Attached<\/a> though including spending cuts and tax reform ecuador is in the grips of a long running economic crisis and the i. M. F. Has already provided several loans to secure them quito has had to slash funding for Vital Public Services<\/a> including health care and critics say that has left the country defenseless in the face of the coronavirus ecuadors among the hardest hit nations by covert 1000 in latin america. Oh i think the everyone in the entire population had this corona virus but we did not have medical help because the doctors did not come here you know they are only in the city and we had to go and look for them so people use home remedies. Like. In the hope you can you cant imagine how bad the hospitals were they didnt want to admit anyone else so instead they took my parents to kill me but my father and my mother both died there. In principle receiving that sum of money for a country in crisis sounds like good news well did they believe that detail these agreement is not a free lunch for it whether it comes with the start condition imposed by the i. M. F. Which continues to promote these us through the story. These policies are raking how book on the countrys economy as well as its Health Care System<\/a> leading to systematic by lesions of the economic and social rights that the other your constitution and the national protect. Public anger over austerity has seen people take to the streets even during the pandemic students Civil Servants<\/a> and Police Officers<\/a> are mungos at voicing their anger over budget cuts Sergio Aguero<\/a> hernandez again says that the i. M. F. Intervention needs reassessing. Really wanted to support it but. They got these. Following measures 1st its probably says this human rights in bugs that can eat its loans and impose a coast on them must be said dentists theres including Indigenous Peoples<\/a> must be absolutely. It should respect democratic processes for economic Decision Making<\/a> agreements must be negotiated. And this means refraining from any influence over the scope of easy decisions in the country. Donald trump has cut into joe bidens lead in the polls in the wake of last weeks Republican Party<\/a> convention the latest survey gives the democratic nominee a 6 percentage point lead down from 10 a week earlier both candidates are hoping to reel in africanamerican voters ahead of novembers election because i have a great Vice President<\/a> at my side. Senator kamel iris she knows about all the obstacles thrown in the way of so many in our country women black women black americans south Asian American<\/a> immigrants the left down to the left behind and i have done more in 3 years for the black community than joe biden has done in 47 years. And when im reelected the best is yet to come. Bidens efforts to win black votes include choosing kamel harris as his running mate she is the 1st black woman on a major partys president ial ticket biden also gave an interview to robert carr to be at a time when he has been criticized for sidestepping other media requests and some of his remarks about black people have been widely ridiculed. Youve got a moral question of god so if you have a problem figuring out where youre from mere trump and you aint black unlike the African American<\/a> community with notable exceptions the Latino Community<\/a> is incredibly Diverse Community<\/a> with incredibly different attitudes about different settings bidens approach to criminal justice has also alienated some of the black lives Matter Movement<\/a> who wanted the police funded in june around 50 liberal groups sent a letter to biden disappointed over his pledge to help fund a federal Community Policing<\/a> program his policies would also see an increased Police Presence<\/a> in some black communities we heard from a human rights activist who says this all gives the impression that biden doesnt really understand the black voters. It was quite clear that the. Troll forces. Targeting black voters they believe that some sectors of the black population is in fact in play that is they can be persuaded to support. It and it may be successful because of the fact that the democrats dont appear to be. Different than the Campaign Events<\/a> in 2060 minute reasons that support is you a black person the bits of you like a member of the working class but they also admit it resists that use give you a vote to the democrats if you are a black person and in particular a member of the black working class so you know this notion that by now understand is black folks that he. Has some kind of understanding of what blake people need in particular the black working class is never a slave to. His policy. And his positions over the course of his 47 years in congress. Take a look at the world a look at some headlines making news this hour on sunday hundreds gathered outside a Johannesburg Police<\/a> station to demand justice for the family jewels a 16 year old died last week after being shot in what the police say was an exchange of fire between officers and gangsters local residents though claim that he was gunned down by the police. Situation in Portland Oregon<\/a> has been flaring up in the United States<\/a> again over the weekend as a caravan of from supporters drove through the city counter protesters were seen trying to push back against some of the pickup trucks while on saturday one person was killed in the shooting incident of the drivers you can see in the footage were allegedly just charging pepper spray while demonstrated just pelted the convoy with missiles and other objects. Sicking in the United States<\/a> in boston where theres a growing concern over mandatory flu vaccines the governor has ordered that students under the age of 30 must have them it is believed that the move will help relieve pressure on the Health Care System<\/a> which is already stretched due to the covert 1000. 00 pandemic. That is back in about 35 minutes 36 minutes in fact of the International Community<\/a> with. 6 guys are financial survival. When customers go by to reduce the price. To now well reduce and lower. Thats undercutting but whats good for market is not good for the global economy. Join me every thursday on the alex simon show and ill be speaking to guest of the world of politics sports business im showbusiness ill see you then. Is your media a reflection of reality. In a world transformed. What will make you feel safe. Isolation or community. Are you going the right way or are you being led to. Direct. What is true what is faith. In the world corrupted you need to descend. To join us in the depths. Or remain in the shallows. Hello and welcome to cross top where all things are considered on people about economics as. The dismal science for reason it is often imprecise and almost always open to seeing what you want to see in many ways economics remains in our however the Economic Situation<\/a> that sets us all now is much more than about our politics its about the way we will live for this foreseeable future are we witnessing a recovery if so what kind of. Discussing the economy and more im joined by my guest daniela de martino booth she is an daoist she is the c. E. O. And chief strategist for Quill Intelligence<\/a> a research and a linux firm she is also the author of fed up an insiders take on why the Federal Reserve<\/a> is bad for america as well as they call mr Bloomberg View<\/a> and in new york we cross to marshall are back is a Research Associate<\/a> for the Levy Institute<\/a> at our college and contributor to independent Media Institute<\/a> as well as a member of america compass or a newly established think tank form to restore an economic consensus that into sizes the importance of Family Community<\/a> and industry to the nations liberty and prosperity right across up rules in effect that means you can jump in if you dont want and i always appreciate ok let me go to our national 1st in new york last week we came out with some new jobs numbers and it was quite surprising for a lot of people that was a row of jobs growth probably over 2000000 though there seems to be some all of the issues now which used interesting in itself. Which gives people a reason to believe that there is some kind of recovery and i would really would like in this program to be politicized that i dont want to talk about who whose advantage it is ok because thats its turned into a political football and we may be dealing with something that is it came to the Great Depression<\/a> so i think we have to take it very. Seriously so marshall i mean we in some kind of recovery or is it too early to same her recovery in some sectors and not others kind of you know unpack it for us you know without getting too political the look that the idea is if you if you go if you if you stop a car you know youre going 100 miles an hour then you stop a car then and it goes to 0 and then you break celebrate and it goes 20 miles an hour of course you know the car is moving again and. And so course it you that thats progress but you are still far from seeing that automobile move operated at maximum efficiency so leaving aside this is the goal legend and there are there is about and im sure well get into that yes theres been some recovery but you are still dealing with some youve still got some profound long term structural issues which i think are far from being resolved your opinion i mean its one of the things that you know 2 a situation like 2 very sudden because this was this was selfinflicted it the heart of it was turned off it was a it was it a choice ok but as we come into this recovery it if you know the word recovery is. The a trying to reveal some of the structural problems that were in the economy in the 1st place and i think that thats something that we need to look at is well because ive long lamented people talking about these really big Macro Economic<\/a> numbers that doesnt really always tell you very much about the economy or what how the markets are you know i mean you know you come out with you know these different various job reports and then the markets are soaring and they seem so disconnected because it really doesnt have much to do with the average working family. You know thats exactly right and i think that the reason that the economy was kind of on a weak footing coming into this year is why weve had the rebound in the. Stock market that we have and that is that the Federal Reserve<\/a> kept Interest Rates<\/a> at artificially low levels for so many years that nonfinancial business debt in this country was allowed to double so it was an accident waiting to happen so to speak and once that accident did happen you know that the blackest of black swans then we saw a much faster underground filling in the Corporate Bond<\/a> market and what would have been expected and that was just it was just a by product of them being as over levered as they were which prompted the fed","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia801709.us.archive.org\/35\/items\/RT_20200901_000000_News\/RT_20200901_000000_News.thumbs\/RT_20200901_000000_News_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}