NAFTA negotiations are still going on but have we made any headway? Manuel Perez-Rocha and Alex Mihailovich joins Bianca Facchinei as they discuss the impact these talks have on the United States closest neighbors; Canada and Mexico. Ashlee Banks gives us an update as we take a look at the reaction to the net neutrality vote. And how can technology make our future better? Bart Chilton and Daphne Kis discuss it.
At the G20 summit this November, the Federal Reserve will announce new and broader capital requirements for US banks.
The market’s bet is that the Fed will require loss-absorbing capital -- which includes equity and debt --- to be somewhere between 20-25% of risk-weighted assets. Erin weighs in.
Then, Erin is joined by Anthony Randazzo, director of economic research at the Reason Foundation. According to new regulations (to be decided soon), too-big-to-fail US banks might have to issue at least $260 billion of senior unsecured debt as a buffer between equity capital and deposits. Anthony gives us his take on this and whether or not it’s warranted.
After the break, Erin talks to Reggie Middleton – CEO of Veritaseum and inventor of Ultracoin – to talk about banks and bank shares. Reggie also tells us how he thinks banks will respond to Bitcoin and what impact the Internet will have on financial services.
And in The Big Deal, Erin and Edward Harrison discuss European stress tests. Eleven firms will fail the exercise and need more capital as credit in Europe contracts. Edward and Erin discuss the implications.
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Erin Ade and Edward Harrison hot a special Boom Bust, looking at the world’s newest and most complex currency. Watch Wednesday, December 17 at 4:30 PM EST on RT America.
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Australia is feeling the strain of the COVID-19 pandemic as the island nation enters for its first recession in 30 years. And it appears Japan, India and Australia are launching an initiative to reduce reliance on China as part of the supply chain. Plus, amid the new normal of home delivery in the times of COVID-19, Amazon has won approval to blaze a new trail in the sector. The company has won FAA approval to deliver packages by drone.
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Saudi Arabia says it’s ready to cooperate on pulling back crude output and George Soros made some bearish comments on China. Ameera David weighs in. Then, Ameera is joined by Jim Rickards – author of “The New Case for Gold” – to talk about the Fed.
After the break, Bianca Facchinei takes a look at Sweden’s plan to deport at least 80,000 refugees. Afterwards, Ameera and RT correspondent Lindsay France talk about police surveillance. And in The Big Deal, Ameera and Edward Harrison discuss the latest in Brazil.
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2007 marked the beginning of a very difficult period in the global financial system. In the aftermath of Lehman's demise, our largest financial institutions were bailed out -- not just in the US, but globally. But many question the methods used to prop up these institutions.
Feature guest Yves Smith -- author of the finance book "Econned" and founder of the financial blog Naked Capitalism -- is still on the case -- probing into the machinations of governments' dealings with too big to fail institutions. She spoke at length to Boom Bust to explain her insights.
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According to the Bureau of Labor and Statistics, US nonfarm payrolls grew by 257,000 jobs in January. At the same time, data for November and December was revised to show a whopping 147,000 more jobs created than previously reported. Not only that, wages rebounded as well! The pick-up in wages is likely to combine with lower oil prices to provide a massive tailwind for consumer spending and keep the US economy growing at a healthy clip. Erin weighs in.
Then, Edward is joined by Dr. Pippa Malmgren – founder of DRPM Group and author of “Signals: The Breakdown of the Social Contract and the rise of Geopolitics." Dr. Malmgren gives us her take on the recent jobs report and tells us what impact policy divergence will have on stocks, commodities, and oil. She also breaks down some of the important points affecting the political outcome in the Greek crisis.
After the break, Edward sits down with Andrea Terzi – professor of economics at Franklin University Switzerland and research associate at the Levy Economics Institute. Andrea tells us what Greece needs to do to improve their economy and gives us his take on the effects of the ECB’s proposed quantitative easing on the economy and inflation.
And in this week’s Defining Moments, take a look at what our guests have to say on wage growth, Greece, net neutrality, and Japan. Take a look!
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Our lead story: On Sept 18, 2014, Scotland will vote on whether it wants to separate from the UK. About a third of the voting population in Scotland believe that it is time to leave the United Kingdom, and strike out on their own. However, perhaps a follow up vote should be cast on whether Scotland should issue its own currency. Erin takes a look.
It's Aussie day on Boom Bust! We start with John Quiggin, author and economist at the University of Queensland. We ask him about "zombie economics" and the Australian experience. Then we bring you part two of our interview with economist Steve Keen, who continues his discussion of endogenous money.
For today's Big Deal, Edward Harrison and Erin take a closer look at endogenous money and the information presented by the Bank of England on this topic. Tune in.
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Cuba saw a rebirth of private business in 2008 when President Raul Castro made the decision to enlarge the private sector as a means of absorbing the country’s bloated public sector. Ameera David of RT’s Boom Bust traveled to Cuba and spoke with the CEO of one company, a small packaging start-up called Adorgraf, to learn more about what it takes to make a business grow in the economically-evolving nation.
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