Transcripts For RT Boom Bust 20240712 : vimarsana.com

Software made in the usa however the u. S. Already seems to be boosting its hold according to a report from china intel has been granted a license by the United States to continue doing business while way which will help will always laptop division other companies have also suffered mission to work with the worlds Biggest Smartphone maker this includes China Semiconductor Manufacturing International corporation that uses u. S. Origin equipment to make chips as well as south korean chip maker escape hynix meanwhile the campaign against weiwei its also sees a holes in other parts of the world namely australia relations between china and the land down under have been tense since australia banned while way from supplying equipment for a 5 g. Mobile network back in 2000 and t. In response what were his cut jobs and investment in australia it was what was cheap Corporate Affairs officer in australia Jeremy Mitchell the reality is you know we weve gone from a 1000 stuff next year will be a 100 stop you know the impact on the 5 change band and the great strike to china relationship has had a huge flow on effect while we also cancel that 72 point 3000000. 00 us dollar investment for research and development in australia in addition huawei and its whole disport sponsorship deal with an Australian Rugby Team all in all not everyone is happy with the australian governments maneuvering really really sad died as jeremy said. Will be still be appearing as a sponsor next year will be im the very very lucky if we find another one as good as y. Y. With resistance in some parts of the world while way its been exploring other avenues to continue its growth the Company Plans to open its Flagship Stores in 40 smaller outlets across europe by the end of the year while way has also committed to deferring funds from the u. S. And investing more in russia in the words of wildly c. E. O. Renting face after the us included us on the entity list we transferred or best made in the u. S. To russia increased russian basement expanded the russian scientists t. V. And the increase the salary of russian scientists at a grander scale but company is set to take on american multinational google by developing an operating system to replace googles android will by 000 s. Currently while we have 600000000 users in its ecosystem. Us on what smart of each. And i want to take a deeper look into this were bringing cohost chrystia and editorial director for the American Institute for Economic Research Jeffrey Tucker jeffrey washington has been pushing governments around the world their allies to squeeze out wall way and barred u. S. Companies from supplying or even servicing them now this the intel has received permission to supply wall way one of the United States allow this license to be granted why not a smoker or even as next like alex said. But whats happening is that the chap administration is gradually realizing were living in a club with economic environment not easily disentangled by the nation state and this is an accurate and basically acquiescence to that to that reality and its a sign a certain amount of flexibility on the part of the chump administration they will not be able to drive this this iron wall between between china and the us its not plausible in a in a digital age and im i have to tell you im very impressed by wall ways response here theres its clearly a company run by some very smart adults who are more interested in prosperity in technology than they are in Just National pride i think wa way gets a better into the deal here Trump Administration is going to lose this war with be could be part of a we know that back then when it be while i was issued to the entity list the United States was still granting some of these licenses to American Companies to continue to do business with wa is that connected to this. Well yeah i mean it certainly is i mean this thing is that what you really just have here is trump whos trying to apply the old 19th century rules of protectionism in a in a digital age where everybody is connected no matter what the regulators are saying so this is some backroom dealing to keep the function and to keep to keep American Companies supplying huawei in a way that trump liberal believes will benefit american jobs sort of course youre right its its intellectually inconsistent and lot of its about whos paying whom to get their get their way in the Global Economy today well kristie the talk war continues obviously is beginning to take a toll on local economies such as us australia as alex mentioned in his piece United States ally who again joined the boycott against wa wait while we were below the 100000000. Countys not going to handle this well at all as and im the analyst already estimated that this 5 g. Ban on holland has already cost australia over a 1000. 00 high tech and highway jobs from the economy and from a revenue standpoint its gone from annual revenues of easily 1000000000. 00 with 5 g. To a situation where in the next few years revenue will be below 200000000. 00 so as a also suffered damages from being a casualty of this tech war it has reduced previous of planned investment endeavors in part due to the 5 g. Been set in place and also in part due to the rising tensions between china and australia so this is very harmful to economies like australia who was relying on these have the investments so holly abandoned its plans for large scale r. And d. Development in australia it closed another 60000000. 00 operational and Business Support Center it closed another 30000000. 00 National Training Innovation Center terminated in multimillion dollar funding on the internet of things lab which basically cost the entire economy thousands of local jobs so there was also previous plans were another 100000000 dollar investment in Western Australia for a global or indeed center for 5 g. Mining applications given that australia is the world leader in reeds in the resources sector but the 5 g. Band obviously killed that so local officials are worried now that australia will suffer greatly with the loss of current r. And d. Spending but more importantly the loss of future r. And d. As it will not be able to keep up with the quick pace and turnover of Technological Innovations and we know its really important in wa way there are in dispensing its as a company that spends the most amount of money in doing so Geoffrey Huawei is now now intends to enter this p. C. And monitor market so theyre kind of diversifying right why the sudden shift here are they abandoning their plans you think to be the Global Leader in 5 g. Is this a sign of defeat or are they simply just looking at other other departments to go into essentially this is called the low. Long game theyve got their eyes on Apple Microsoft on google theyre not going to take this line down on operating systems you can build them you can create your own ecosystems you can create hardware we know how to do it. Huawei is specialized in this and both both replication and innovation so this is an extra really ambitious view theyre looking at 510 years from now were kind of laptops are people going to be using what what is going to be the i o s whats going to be the operating system on peoples phones while away wants to be the Global Leader and theyre betting that they can do it and i i dont think its crazy i think its actually possible this is not you know 20 years ago this we know how to do this internet now weve seen a lot of cooperation now between while away and russia and some of the best Tech Developers in the world very very resentful about what the u. S. Has done to our way and have every incentive financial and intellectual and national to come up with technologies that can that can be made to us at its own game so really in a way us is really poke the bear and its i think theres going to be hell to pay sometime over the next 5. 00 or 10 years for us industry oh yes i seem to always actually very much at diversifying here obviously its about who can make the best products but also the most economic products thats what companies are really looking for to save them some money or some i least financially less than those that less are less financial level of a burden on these companies kristie the u. S. Continues to isolate and block while way though and its increasingly turning now to russia transferring investment what does that look like. So the hallway c. E. O. Brenton fake confirmed that after the without a huawei to the end hes left it transferred over massive amounts investments in the u. S. Now over to russia so as jeffrey just said always still intends to be the new global influence and its not recruiting developers and then you factors to help a build a 3rd alternative to googles android and apples i os so while i says that there is room in the Global Market for another operating system and that it plans to take this opportunity now the u. S. Is looking at this development and seeing the huge risk that it presents to americas control of the world mobile ecosystem but then again it is kind of the us its all in the 1st place for backing while way into the corners so this is the only logical or turn out of this difference that you bear otherwise it would have continued on happily using android in the 1st place so after waging this war against holloway for over a year now americas actions against policy has left the door wide open for russia and similar to what i said before about australia its not only about the current methods its always about the future investments we talk about tech and r. And d. Because of the fast pace the Development Cycle the days the u. S. Lost out in r. And d. A 5 g. Technology and falling tragically behind and instead russias own tech sector and Industrial Base has gained and gotten a huge boost so china is kind of bracing to decouple its supply chain and industrial capabilities from the u. S. And now engaging with russia who will benefit hugely from now from these partnerships and we think about at what point does the United States actually say you know this is enough that were seeing this a little bit by them loosening these these restrictions somewhat on actually supplying things or these these properties to to while away so i guess time will tell but this the saga continues it seems like it never ends who must go host christiane an editorial director for the American Institute for Economic Research Jeffrey Tucker thank you both so much for your time today. And good. Time now for a quick break but hang here because well return u. K. Prime minister worth. Johnson well you know new instructions in his attempt to curb a wave of the but how will this affect the already shattered economy. Theyve got to brace for the numbers up. Cash calendar is drawing alfonzo among his darned his cherished unpaid change guard served our. Whose 1st words were added i will see youre a child of the post you got to use to me. I have no doubt that what happened was criminal. Offense concentrated market is a 1000000000. 00 industry these companies how does huge financial motivation to solve these problems there are numerous stocks showing that doctors work keen to test facts right concentrates free in fits of its own that Patients Want gives them doctors the wrongs to play golf our Current System why they would keep me from security procedures day to day people still die and im always question michaud all right being on our own to live so many have. Now look forward to talking to you all. That technology should work for people. I robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification for should be very careful about Artificial Intelligence and the point of view is see is to face transfer everyone of them shia. On various jobs and with Artificial Intelligence will summon the demon. Robot must protect its own existence as a mix of. Americans. If its all the white shouldnt resign. Or challenge ideologies exclusionary color the supreme court. And were being told. Is the only way out of this downward spiral. Were segregated. By social class lower middle class people also in poverty by 1st name if youre born into a poor family if youre born into a minority family if youre born into a family that only has a single parent that really constrains your life chances people die on average 15 years younger if youre born into generational poverty. By every day so you meet your needs and the needs of your family. A new round of walk downs has been announced by u. K. Prime minister Boris Johnson well after a warning by 2 scientists that the u. K. Could see 50000 new cases of coronavirus by mid october when the u. K. Has imposed new restrictions to limit the spread of the virus the list of those new restrictions and clued Office Workers who can work from home should do so pubs bars and restaurants in england will be ordered to close by 10 pm each night ptolemy sector will be restricted to Table Service only face coverings must be worn in taxis and private hire vehicles and by retail. While at work while customers in hospitality will also have to wear face coverings except while seated at a table to eat or drink other planned return of spectators to sports venues will now not go ahead from october 1st and wedding ceremonies and receptions will be kept at 15 people from monday the u. K. s Prime Minister says that while the lockdown will not be as severe as it was back in march these steps are definitely necessary. I want to stress that this is by no means a return to the food looked at. March we will ensure that business is constrained in the code compliant way however we must take action to suppress the disease. First we are once again asking Office Workers who can work from home to do so in key Public Service is a new profession as well working is not possible such as construction retail people should continue to attend their workplaces and like government this house will be free to take food its business in a secure way. Joining us now to discuss is board member with the British American Business Association hillary ford which hilary thanks for joining us today there has there has to be some a lot of anxiety rather from a Business Owners here that just as they thought that these are downs were actually over theyve been hit with a 2nd round what are you hearing yes im hearing what you wouldnt be surprised to hear both across the atlantic actually so in the u. S. Its purported that 85 percent of family owned restaurants are going to disappear and in the u. K. Its purported that about 50 percent of all travel related Companies Restaurants and sort of retail small retail were owned by stablish months are going to go out of business so i mean obviously this is something thats sort of a blow at the moment definitely however i will temper about with some optimism and that is in terms of the japan deal but as being just completed by the British Government in light of course of bracks that and also there are talks underway by the secretary of trade as trast with australia australia so couple of good things to look out if you referred to the think tank director robert odes hes a think tank director for the British Group hes actually pointed to the fact that there are Many Companies that are currently based in the e. U. That are actually thinking about relocating to the u. K. And this is a. Reason for optimism im hearing this from a lot of british leaders and euna lee but just recently was discussing leaving the netherlands and moving to the u. K. A number of Car Companies are discussing moving their production facilities from spain to the u. K. So from business latest on seo question now in a nutshell im hearing a degree of tempered optimism i mean of course g. D. P. Fell by 20. 4 percent in august and it is reported by p. W. See that for every year that the lockdown continues a 15300000000. 00 is lost towards g. D. P. So of course its negative of course this isnt positive of business but actually sarah only 17 percent of the British Public oppose this so the support for the lock down in terms of whats right to do and yet of course concerns for those businesses that wont survive well the fact that theyre not doing a complete lockdown as we heard Boris Johnson say ben i want to bring in bus cohost ben swan investigative journalist i want to talk about the science here patrick valence the British Governments chief scientific advisor and chris wendy chief medical advisor officer for england he said the number