British Citizens' Health Data Sold for Less Than $2
Privacy remains a concern in the age of COVID-19 as the UK discloses sensitive health data to a US firm owned by billionaire Peter Thiel. The tech company, Palantair, has access to private personal data belonging to millions of British citizens. Meanwhile, tensions are still high in the US following nearly two weeks of protests against racial injustice. Protesters are demanding that the US defund police departments and redirect funding to other social programs. Plus, markets continue to surge despite ongoing global chaos while companies are continuing to go public.
General Electric is planning to eliminate 6,500 jobs in Europe and General Motors raised its earnings projections by 5%. Ameera David weighs in. Then, Erin Ade sits down with Robert Neuwirth – author of “Stealth of Nations: The Global Rise of the Informal Economy” – to talk about the underground economy.
After the break, Bianca Facchinei takes a look at why the feds are investigating high-end property in New York City and Miami. Afterwards, Ameera and Erin discuss the record-breaking powerball lottery. And in The Big Deal, Ameera and Edward Harrison talk about what’s in store for the global economy.
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The U.S.-China trade war continues to ripple across global markets, and Chinese companies are looking for a way to divest their reliance their reliance on American technology. Boom Bust’s Christy Ai digs into the Alibaba’s latest development in the field of AI and what this could mean for American dominance in the tech sector. And as the waves of global trade continue to rock, many investors are betting that cryptocurrencies may be the safest bet in what looks to be the early days of a global slowdown. Boom Bust managed to catch up with Nolan Bauerle of Coindesk in Singapore to get his take on the chances for crypto in a crisis.
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Greece needs to strike a deal with its creditors by the end of the month to stay afloat. That’s what the Greek government has said despite the fact that the country has entered yet another week with no signs of securing a deal in sight. News emerged on Monday that Greece came close to defaulting on a €750 million repayment to the International Monetary Fund last week. Boom Bust guest host Ameera David weighs in.
Then, Ameera sits down with Steve Keen – head of the School of Economics, History & Politics at Kingston University. Steve tells us why one can’t divine exactly why yields all over the world (with the exception of Greece and Brazil) rose in the last month. Dr. Keen explains that even if yields do rise, they create a self-limiting dynamic by slowing growth, which lowers growth again. Steve also explains what happens to credit growth under such circumstances.
After the break, Bianca Facchinei gives us a look at other major business stories of the day including a potential $200 million Amtrak payout, suspicious civil asset forfeiture, Facebook news, and summer travel.
Afterwards, Erin sits down with Peter Schiff – CEO of Euro Pacific Capital and host of “The Peter Schiff Show.” Peter tells why Greece won’t become the “free-market paradise” of Europe, like Singapore or Hong Kong in Asia. He also gives us his take on China’s economy.
And in The Big Deal, Ameera and Edward Harrison discuss Saudi Arabia’s oil strategy targeting US shale oil producers.
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With more pieces of the scandalous puzzle fall into place surrounding the arrest of financier Jeffrey Epstein, but just how did he make his money? RT correspondent Michelle Greenstein joins the program to dig into the details of his worth. Plus, the big banks are boasting their earnings today, and the stocks are reacting. Adam Mesh of the Adam Mesh Trading Group and Angela Sloan of Sloan Financial are both on deck today to break down the reports.
Plus, as the U.S. continues to crack the whip on Huawei, one ally is bucking the trend. RT correspondent Sara Montes de Oca lends us a hand to see which tropic leader defying the Trump administration. And Libra is facing fire on Capitol Hill today as bipartisan bashing of the digital currency mounts; Raakhee Miller of Bitsian will join the show today to break down what lies in store for the social media currency.
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The EPA seems to have issues with their leadership so we’ve got Tyson Slocum from Public Citizen to make sense of the whole situation! Facebook faces a year of scandals; Hilary Fordwich examines what could happen next! Forest fires are devastating California; Natasha Sweatte takes a look at how devastated homeowners are reeling from their losses. Macy’s has been synonymous with retail since the early 20th century; Trinity Chavez gives us the retailers history. And a former US base is getting new tenants; Alex Mihailovich has the story. [1203]
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Computer programmers may no longer be eligible for H-1B visas if the Trump administration gets its way. Peter Joseph, author of “The New Human Rights Movement” joins us to discuss jobs, money, and consumer spending. After the break, we take a look at Brazil’s black market pipeline. Boom Bust’s Bianca Facchinei has an updated story on America’s auto industry. EpiPen maker, Mylan is making headlines around the world as the life-saving device is recalled, Boom Bust’s Manuel Rapalo has the full story. Finally, RT’s Alex Mihailovich talks fairness for Canadian workers as CEO’s cash-in.
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in The Big Deal, Edward and RT correspondent Manuel Rapalo discuss the federal probe into the practices of 5 major US airlines after allegations of price gouging following the deadly Amtrak train derailment in Philadelphia this May.
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On Monday, Apple rolled out its mobile payment platform Apple Pay. The new payment service will enable shoppers to buy items at more than 220,000 stores and has secured the six biggest card issuers, accounting for roughly 83% of credit card transactions. So are smartphones the new cash? Well, Apple is certainly hoping so. Erin weighs in.
Then, Erin sits down with Raoul Pal – founder of Global Macro Investor and Real Vision Television – to talk about his startup business network. Raoul tells us how he thinks the internet will change financial services demonstrably. He is big on the potential for Bitcoin in this context. He also gives us his take on the biggest retail investing pitfalls.
After the break, Erin talks to Jim Bruce, director of the documentary “Money for Nothing: Inside the Federal Reserve.” Following last week’s market selloff, there has been a lot of speculation about future of the Fed. Jim tells us what he thinks will happen next.
And in The Big Deal, Erin and Edward Harrison are discussing Amazon, where it derives its value and recent speculation that it has developed monopoly power in the Internet retail arena. Take a look!
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With two major hurricanes come and gone, scammers are moving into fleece the victims. Special guest host Simone Del Rosario sits down with Bart Chilton to tackle the problem. Correspondent Bianca Facchinei is tackling FEMA as she examines why so many people are having issues with their claims years after applying for them. Italy eyes a duel currency but Lenore Hawkins is only rolling her eyes.
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