[85] Cate Long on Puerto Rico's Bonds: "The smell is worse closer to the poop pile"
Our lead story: Sanctions Round 2 in US vs. Russia. Thursday morning US President Barack Obama announced further sanctions on Russian officials and a bank over the crisis in Crimea. President Obama also signed an order enabling the US to impose sanctions on sectors of the Russian economy. Tensions are HIGH as Moscow approves a treaty enabling to join Russia. Erin reports.
Cate Long, the author of Muniland, joins Erin to talk about the municipal bond market in Puerto Rico and Detroit. After the break, Erin brings you her discussion with John Mauldin of Mauldin Economics about Keynesianism.
In today's Big Deal, Edward Harrison sits down to translate Fed talk. Federal Reserve Chair Janet Yellen gave a much-anticipated press conference. Edward helps break down the message.
Protests rage on in the United States following the death of George Floyd in Minnesota, but what other factors are bubbling below the surface? We break down the uprisings and what has driven the unrest. This while the COVID-19 pandemic continues to sweep the globe. Now pharma companies around the globe are racing for a vaccine to fight the outbreak. Plus, we look back at the historic SpaceX launch to the International Space Station, and we ask - is the future of space exploration in the private sector?
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Our lead story: The National Retail Foundation surveyed 4,600 consumers between November 28th and 29th and concluded that holiday weekend sales were ‘estimated to have dropped 11%, from $57.4 billion last year to $50.9 billion this year.’” While a lot of headlines speculated this year’s Black Friday sales dramatically tumbled, there isn’t a lot of proof that this is anything new or something to be concerned about. Erin weighs in.
Then, Erin is joined by Peter Joseph – filmmaker and founder of The Zeitgeist Movement, which believes that social issues, like poverty and pollution, are the direct result of an inefficient social structure. Peter tells us what inspired him to start the movement and tells us about a recent project he made that focuses on the “market economy.”
After the break, Erin sits down with Cullen Roche – founder of Orcam Financial Group, LLC and author of “Pragmatic Capitalism.” Cullen gives us his take on the recently consistent drop in oil prices and how much student debt is holding back the millennial generation from adding to consumer demand growth. He also tells us to expect lower investment returns going forward with lower bond returns one large factor.
And in The Big Deal, Erin and Edward Harrison are continuing the discussion on the student debt crisis. Take a look!
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Miami is hosting a major bitcoin conference; Jeffrey Tucker talks to Bart Chilton from Miami to get the latest updates from the crypto-world. It’s a fight for DACA, Dreamers, and more; writer Todd Miller discusses the issues as America looks to solve the border problem. Diana Ramirez joins us as well, as we tackle the economics of sexual harassment in the hospitality sector.
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It’s the next part of our Best of Boom Bust shows! We’re looking back at some of our best interviews with some help of Bart Chilton.
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Theresa May met with EU leaders amid growing tensions as the Brexit nears. Plus, Wells Fargo is facing further scrutiny in California over its fraudulent practices. Edward Harrison has the details. Then, Bianca Facchinei takes a look at a potential boost for Greece as it gets funding to help with the refugee crisis that is further straining its budget. After, Trinity Chavez examines Germany’s quest to block Facebook from using WhatsApp user data.
After the break, Steve Hanke, professor of economics at Johns Hopkins University, tells Edward what he thinks of the Chinese Yuan’s inclusion in the IMF’s SDR basket, and what’s ahead for the future of US-UK trade. And finally, in The Big Deal, Manuel Rapalo breaks down the economic topics discussed in the third and final presidential debate between Hillary Clinton and Donald Trump.
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Federal Reserve Chair Janet Yellen testifies on Capitol Hill touting the nation’s growing economy, but the impact isn’t reaching everyone. Manuel Rapalo breaks down what Yellen had to say. And Lindsay France goes more in depth with CEO of Euro Pacific Capital Peter Schiff. Mexico might be taking a stand against Donald Trump’s talk on NAFTA, one senator from Mexico wants to start buying corn from South America as an alternative. Then after the break, Brigida Santos tells us about the dam overflowing in Oroville, California and why state officials may have known about the dam’s issues going back 12 years.
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The top story: Telecom giant Verizon is buying Internet portal Yahoo’s core business for $4.83 billion. Elsewhere, US companies are failing to make debt payments at twice the pace they were a year ago. Ameera David has details. Afterwards, Boom Bust’s Bianca Facchinei reports on the wave of violence hitting Germany. The attacks have put Chancellor Merkel in the spotlight. Then, RT Correspondent Ashlee Banks details how the best-paid CEOs in America actually run some of the worst-performing companies – at least as far as shareholders are concerned.
After the break, Ameera talks to Westwood Capital Partner Dan Alpert about what could trip up the bull market in shares given the underlying growth in the US economy. And in the Big Deal, Ameera and Edward Harrison continue the discussion on Yahoo-Verizon and what it says about Internet disruption.
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UK Prime Minister Theresa May is the first major foreign leader to visit President Donald Trump in the White House. The trading relationship between the UK and the US is set to change after Brexit, but what does Trump mean for Cuba? Investors are worried Trump may back track on a thawing of relations. The Eurozone is cracking down on cash, but they say it’s part of the larger fight against terrorism and money laundering, some privacy advocates disagree. Then after the break – the fight over the Keystone XL and Dakota Access pipelines are back on after Donald Trump’s approval to put them back on track. TransCanada is already back to work filling out the paperwork for the Keystone XL.
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Donald Trump and German Chancellor Angela Merkel meet face-to-face at the White House. Japanese court rules on the 2011 Fukushima disaster, Boom Bust’s Bianca Facchinei has more. How many times have you found yourself bored in an airport due to a layover? Well there are several cities offering you a free city tour, Boom Bust’s Manuel Rapalo has the details. After the break, manufacturing production is on the rise in America, but the retail industry will soon take a hit as J.C. Penny announces the closures of more than 100 stores. Carrie Lukas, Managing director of IWF joins us to discuss the GOP and women in the workforce. Finally, RT’s Alex Mihailovich joins us from Canada with the battle between PETA Canada Goose apparel.
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