Transcripts For ALJAZAM Real Money With Ali Velshi 20140627

ALJAZAM Real Money With Ali Velshi June 27, 2014

Well tell you where and why. Im jen rogers, filling in for ali velshi, and this is real money. This is real money, and youre the most important part of the show. Tell me whats op your mind by tweeting at ali velshi, and at facebook. Ukraine thumbed its nose at russia by signing an great with european union. Two other blocs, moldova and georgia signed their own accords with the e. U. The sweeping and economic pacts promise to push all three closer to the west and pull them away from russias domination. The russians wont make them easy. Officials warn all three of serious consequences in the days and months ahead. Now, if you recall, this whole political crisis in ukraine started when the prorussian president backed out of signing this same e. U. Agreement under pressure from moscow, igniting months of protests that overthrew the government in march, angering the russians that responded by annexing crimea and fuelling violence in ukraine. The u. S. And e. U. Slapped financial sanctions on russian officials and companies and are expecting further sanctions. They held off for now, but warn that new sanctions are ready to go and can be implemented without delay if russia doesnt back off in ukraine. Now, for ukraine, the e. U. Accord gives it a chance to integrate with the e. U. s common market. That is 500 million people. Russia teamed up with two other soviet republics to create a eurasian union. Moscow was trying to pick ukraine to pick its e. U. Over the one in the west. Ukraine made its choice today, damn the consequences. In reality unfettered access to europe will boost opportunity in the west by opening up traditional markets next door in poland and hungary, but antagonising moscow is a problem for the industrial east which depends on russia, markets and supplies. Those local concerns explain why civil war threatens Eastern Ukraine. For more on the e. U. Accords and the situation on the ground in ukraine, paul brennan has this report. Reporter it came down to a flourish of a pen, a signature on a page. This will fundamentally alter the lives of people. Getting to this point cost hundreds of lives and strained diplomatic ties. It brouct ukraine to the bring of civil wore. President petro porashenko said his country paid the highest possible price to make his dreams come true. Of course, all of us would have wished to sign the agreement under different, more comfortable circumstances. On the other hand, the external aggression faced by ukraine is another strong reason for this usual step. By signing this agreement ukraine takes enormous commitment in terms of reform. But it is a document of joint ownership and responsibility. This treaty is not without cost. Ukraine now benefits from having access to the european market. But must make significant reforms to comply with e. U. Regulations. Full e. U. Membership is a long way off. Russia continues to express its anger, the kremlin predicting grave consequences if russias economy suffers as a result. In moscow Vladimir Putin said the kiev situation created a risk with the people. Translation the anticonstitutional coup in kiev and an attempt to impose a choice pushes society towards a split and painful confrontation. Reporter more than 100,000 fled from ukraine into russia fearful of the conflict and the future. An army ceasefire due to expire on friday may be extended. In reality it has been meaningless. Both sides exchanged fire, and on thursday separatist militia openly attacked guard units. Lets dig deeper no the newly inked deal for the e. U. And ukraine and moldova and georgia. Joining me now is a eurasia analyst, at a firm based in austin, texas. Thank you for joining us. Thank you for having me. How much of this is symbolic, and how much means that real reforms are ahead. Its not just simply symbolic, therell be opening of ties between the e. U. And ukraine. Theres a lot of work to be done. This is the beginning. In terms of real impact, we havent seep that yet. What do you think eventually over the coming years. This will mean for the ukranian economy . Well, i think another important point to consider is not only the changes that will come to the e. U. Relationship with ukraine, but also with russia, and russia has made it very clear that they will enact restrictions against the ukranian goods as a result of these deals. They will continue to support the separatists that are fighting in Eastern Ukraine. They have political and cultural tools to use. As long as the country continues its westward path, this is what the agreements will really affect. Obviously russia is barely opposed the deal, and you are talking about ukraine in russia, what about a reaction from Vladimir Putin, towards the west. Do you ipping therell be one. I think that Vladimir Putin is looking at the entire region, and how, from his perspective what he sees as a western encroachment. Not only in ukraine, but countries like moldova and georgia. Obviously the europeans have backed them. They are the ones that are pressing on russia in the form of sanctions that they are trying to pass. As we have seen today, they postponed further sanction, and i think russia knows the europeans are not likely to enact major jurisdictions. Ukraine has a lot of the headlines, but moldova and georgia are in the sphere of influence in part of this. Can you talk about that and if you see that as important. Obviously ukraine is the country that has been grabbing the headlines. Right fully so. There are notable things happening in moldova and georgia. What we see in ukraine is happening to a lesser and sudle extent in moldova and georgia, because russia has a lot of tools it can be using there in moldova. In moldova, we have russian troops, we have an autonomous reason favouring ties with moscow, and the breakaway areas in georgia, and other tools that russia can use there. These countries will see as much activity as ukraine will in the coming weeks and months. Can you address the ceasefire and how successful you think this will be . Well, clearly the ceasefire has not worked so far. I mean, they announced it last week. There has been fighting continuing on the same scale. Maybe a little less than usual, but we see major attacks happening by the separatists, and i think ultimately we will continue to see the separatists operate in Eastern Ukraine with backing from russia, as long as ukraine continues the western orientation, so we have the deals that have happened today. As long as the government continues the path we see the separatists continuing to operate. Thank you for joining us. Thank you. It looks like a federal investigation into General Motors is heating up. G. M. And parts supplier adelify handed over documents looking into the recall of millions of cars with faulty ignition system. The documents were turned over to the justice department. Delphi built the switch leading to the recall of 2. 6 million cars and g. M. Is linked to 13 deaths. The documents show a highranking g. M. Executive knew of the problem in 2005. The executive, doug parks, was not among the 15 g. M. Fired after an internal investigation into the delay in recalling the cars. A g. M. Spokesman would not say if parks had been disciplined. The internet you know is always at your fingertips, where everything is a few key strokes away. Coming up we show you the net you dont know home to an underground economy you cant reach with a search engine. And an expensive surprise for one of the families we have been following as part of our coverage of americas middle class. [ music ] going, going gone. The federal government today auctioned off nearly 30,000 bitcoins seized after the fbi shut down the online marketplace silk road last year. The u. S. Marshall service ran the sale of current say that would be worth about 17 million. Bidders had to prove identities and deposit 200,000 much the winner will be notified on monday. The agency may sell more than 50,000 bitcoins it collected. The site allegedly allowed anonymous buyers to buy and sell Illegal Drugs and other items. It exists in electronic form and had wild swings and values since being introduced in 2009. The silk road bust tarnished itself with the public by being linked with criminal active i, but helped the deep web flourish. The little known region of the web has its virtuous. Reporter the internet searched with conventional engines like google and yahoo is the tip of the iceberg. Beneath is a web that cant be called, indexed and retrieved by standard search engines. Developed by the u. S. And norwegian developers to hide communication, the deep web holds mostly public databases accessed through a search box the the National Library of medicine, for example, and private networks locked behind fire walls and log inns. Making online communication invisible. Reporter there are Hidden Services, pages, forums, accessed through browsers that use onion routing, wrapping sites through encryption. You take something and rack encryption around it and transport it to three different places before you come out somewhere else that is not your location. The ability to operate anonymously makes the web attractive to criminals trading in illegal firearms, child pornography and other content. The most notorious is silk road. Shut by the federal bureau of investigation following the arrest of its creator, it hits and is resurfaced as silk road 2. 0. Silk road became a haven for criminal activity. While vises grabbed the head lines, the deep web is used for virtuous activities. Activists from the Green Movement used the deep web in 2009 to circumvent government restrictions and organise protests and educate citizens. Hidden services are used by all kind of people. Deep web Hidden Services are used by law enforcement, investigative journalist, the military and ordinary people who dont want the online activities monitored by the government or other outside parties. I think the deep web is a force for good. I think the future will bear that out, like it has with any technology. Bitcoins problems are not limited to being linked to criminal commerce. Doubts about the security of exchanges where people by and sell bitcoins were raised when the premiere exchange was hacked, resulting in a loss of half a billion. It is now defunct, as in gone. Our next guest is not put off by that track regard. He runs a new york city base kurps si Exchange Currency exchange for bitcoin, thank you for coming in. Its interesting, taking the deep web, which scarce a lot of people, that people have reservations about, and showing the good sign of it. With bitcoin, what will it take for it to overcome its reputation. You have Companies Like ours that are working to legitimize bitcoin and use it for other purposes that we think it within be helpful for. For example, luring remittances for consumers sending money to families overseas. You know, also we belief na we can cut the fees involved with credit carriage transactions by a 10th of what they are. Given you are an exchange, and we talked about mt goth, theres an exchange, how can you make sure you dont go down the same path . What protections are there . Its a long conversation to talk about the Security Platform that we have. It keeps us up at night and we think about all the time to make sure we do things the right way, following best practices. Every time in the past that you see a bit copy exchange get hacked. They werent following best practices, and it was an oversight on their part. Mt goth is a huge name. Do you thing it was an anomaly. Companies come down to people. I think the people involved were the cause of attack. Last august a u. S. Regulator subpoenaed your company and others. Is the regulatory hurdle the biggest that you face. The regulatory hurdle is the biggest challenge. That is what i spend all of my time on, obtaining regulatory licensing in the u. S. For the companies that are more established in the space and have been around for a while, we are seeing light at the end of the tunnel. Its a lot of work to get there. How do you convince people to take the step into a digital economy. Its volatile, theres not the same protections, or maybe you can say there are. I want to hear what you say about having a sovereign or central bank being involved. How do you convince people to do it . It depend who you are. If you send remittances overseas, take a look at bitcoin. You can cut your cost from 10 of what you are sending to less than 1 . Theres a huge Value Proposition for the market. Companies like ours were building up the networks to cut credit card fees, theres a lot that they can do. They are very complicated. I think that over the lopping run, as we legitimize bitcoin we see a tonne of these cases and make everyone in the world wealthier because of the technology. What about about volatility, thats a challenge. Is that something that will be hard to stomach if its changing. Its an issue for some people. Most people use bitcoin, but dont know it. You will be able to send dollars to me, or take them and send euros to your family in europe, and youll never know that you utilize the bitcoin protocol. Thats where we see things going. Its early stage, everyone has to hold a bitcoin to fund it. C. E. O. Of copyseter. Thank you for explaining this, its a complicated issue, lots to take in arts and craft retailer michaels is proving to be no go pro. It made a trading debut, barely pulling ahead of 17, closing up 0. 02. Not even pricing shares at the low end could compel buyers to scoop up shares. Go pro gained 14 in its second trading day for middle class families with a mortgage and mouths to feed, both parents have to work. That means paying someone to look after the kids. Theres something wrong when an associate professor with a partner making some salary cant make end meet. Coming up, the challenges of child care and how some families are trying creatively to meet that plots of land for sale in a major American City for 100. Well take you there. Tonight on Al Jazeera America, at 8, primetime news, what concerns you the most . Bringing you the latest headlines from around the world you can really feel the tension here. Then at 9, its america tonight in depth reporting from coast to coast would it be dangerous for you go about three blocks that way . I wouldnt go by myself. At at 10, consider this its the latest push for reform. Antonio mora brings you unique perspectives on the news of the day tonight starting at 8, only on Al Jazeera America on tech know, the system is paying attention. Life saving technology. I definitely slowed down as a result. Transforming the way you drive. Maybe crashes wont happen any more. Smart cars of the future. Whoa. I would have driven straight through that. Tech know, every saturday go where science meets humanity. This is some of the best driving ive every done, even though i cant see. Tech know. Were here in the vortex. Only on Al Jazeera America. [ music ] over the year we have been following the financial ups and downs of three families of part of or series americas middle class rebuilding the dream, we here from the sabino family, burdened with high taxes and unforeseen expenses. The long island couple cant seem to catch a brab. Look at that. Unbelievable. Thank god it didnt kill someone. My neighbours tree fell, and what happened was the tree split, it broke our fence, our shed. Stuff in the shed was ruined. Stuff in the shed was ruined. Power washer. Power washer got ruined. The tree removal guy wanted 1,000. Im trying to do this myself. Its 1,000 deductible off the bat. Were going to lose. Its an inconvenience. It doesnt stop, it keeps going and going and going. I have a rip in the liner. Now what . Man, i got get someone in here to repair this. I cant win. I dont have the pool. The one thing i was looking forward to for the summer. Well get it fixed. Not rite away. We dont have the money to put the liner in. We are waiting for insurance. I feel like theres a joke. Im totally being tested. How much more can we take. Theres times im afraid to wake up because i dont know what to expect. Like oh, my god is my car going to start. The car is not turning over. I dont believe it. Is this going to break, is that going to break. We dont have the money to fix it. Its a struggle. Then again. By hook or crook well get there. The one constant about unexpected costs, you should expect them. An emergency stash of 36 months of income is suggested. Thats not always possible. Next week we check with the Williams Family weeks after their wedding they find a new job comes with a price. Well, the list of Financial Burdens squeezing middle class families includes rising rents, property taxes, transportation and health insurance. Tonight we focus on another major cost childcare. In 31 states and washington d. C. Annual Childcare Costs more than a year of instate public college. As mary snow reports, finding quality affordable childcare is not just a problem affecting working class parents any more. Reporter for working parents taking care of this 9monthold baby and 4yearold desza up and ready can be nothing short of a miracle. Not yet. But jug lipping the cost of jewingling the juggling the child care is the reel struggle. A third goes to childcare, the next third for rent. When i go to the Grocery Store i check that i havent overdrawn. Reporter carla is a tenured professor. Todd runs a music nonprofit and taxis teaches parttime at columbia university. Apart from a combined income of 110,000 they can barely pay day care fees. It moons trading time off at home. Its stuff. Theres something systematically wrong when an associate professor with a partner making some salary truly cant make ends meet. Its middle class, we fall in between. Childcare is the highest household extent, exceeded on the west coast bay housing. Reporter annette is the director of a nonprofit studying the cost of childcare. Massachusetts ranks as the most expensive at 29,000 for two Young Children in daycare, with mississippi the lowest, at 9,200 a year. Nationwide Childcare Costs have been growing at a rate five times that of family incomes. We are seeing a time in the United States of america where people are having babies literally off an economic cliff. Christen cofounded mums rising, a Grassroots Orga

© 2025 Vimarsana