Deflation is a favorite topic of the financial media, but are they overstating its threat? Edward Harrison discusses. Then, David Beckworth, assistant professor of economics at Western Kentucky University, joins Edward to talk about Wednesday’s much anticipated decision by the Federal Reserve on whether or not to raise interest rates.
After the break, Edward takes a look at the potential for an emergency OPEC meeting as oil prices continue to flounder, and Warren Mosler, president of Valance Co. Inc, offers his analysis of the oil cartel.
Finally, in The Big Deal, RT Correspondent Simone Del Rosario breaks down the government’s ongoing anti-encryption escapades as it tries to gain access to consumer smartphone data.
Our lead story: The European Central Bank has introduced a number of different measures aimed at stimulating the Eurozone economy such as negative interest rates, and cheap long-term loans to banks. What does all of this mean? Erin takes a look.
Then we sit down with economist Dr. Thomas Palley to get his view on the ECB decision and explore distinctions between New Keynesian economists and Post Keynesian economists. After the break, we check in with Ladar Levison of Lavabit to discuss his run in with federal authorities on the one year anniversary of Snowden's revelations on the NSA.
In today's Big Deal, Edward Harrison and Erin continue the discussion of government surveillance, digital privacy, and encryption. Take a look.
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New borders in Europe amidst the refugee crisis could cost $20 billion and the US added 242,000 jobs in February; Ameera David weighs in. Then, RT’s Marina Portnaya reports on the Brazil real rallying after former President Lula da Silva was detained by authorities. Afterwards, Bianca Facchinei takes a look at how major tech companies are supporting Apple in their fight against the FBI.
After the break, Ameera sits down with Pavlina Tcherneva – research scholar at the Levy Economics Institute and associate professor of economics at Bard College – to talk about the US economy. And in The Big Deal, Ameera and Edward Harrison discuss the chances of another recession.
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The bid to buy Starwood just got a little more interesting and US consumer spending rose moderately in February; Ameera David weighs in. Then, Bianca Facchinei takes a look at California’s bid to raise the minimum wage. Afterwards, RT’s Marina Portnaya reports the latest on Puerto Rico’s debt crisis.
After the break, Edward Harrison sits down with Steve Hanke – professor of applied economics at Johns Hopkins University – to discuss Cuba. And in The Big Deal, Ameera and Edward talk about Japan.
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Turbulent tariffs threats against Mexico that have riled markets have been averted for now, but what could be the impact of such a move? Lauren Fix, the car coach, takes us on a spin through just how the move could have caused the auto industry to slam on the brakes. Plus, we get a bird's eye view of Brexit and its impact on business in Great Britain. Hilary Fordwich of the British-American Business Association lends us a hand to wade through the choppy waters of U.K. trade and their newest shipping endeavor. And finally, defense stocks are on the offense again as Raytheon and United Technologies strike a deal that would make them a behemoth in the sector. Mollye Barrows of America's Lawyer is on hand to give us an aerial take on the newest player in the aerospace sector.
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Japanese Prime Minister Shinzo Abe is heading to America to meet President-elect Donald Trump. Plus, the Bank of Japan today announced an unexpected bond buying program. Ameera David has the details. Then, Bianca Facchinei takes a look at a warning from French Prime Minister Manuel Valls, who said its time to stop being naïve about the threat of the far-right in Europe. After, Manuel Rapalo breaks down a $264 million settlement between JP Morgan Chase and three U.S. federal agencies over alleged corrupt practices.
Following the break, Chris Versace, CIO of Tematica Research, examines Federal Reserve Chair Janet Yellen’s remarks to congress, in which she made the case for a likely December rate hike. And finally, in The Big Deal, Edward Harrison provides further insight on France’s presidential election race and the threat Marine Le Pen poses to establishment politics.
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European Union governments have formally approved a 1.8 billion euro loan for Ukraine, in an effort to save it from bankruptcy. Ukraine is welcoming all the money it can get right now. After all, it’s cash-strapped, and suffering from an economic crisis. This year, government debt to GDP is expected to peak at 94 percent, according to the International Monetary fund.. Boom Bust guest host Ameera David weighs in.
Then, Boom Bust Host Erin Ade is joined by Paul Craig Roberts, chairman of the Institute for Political Economy. Roberts talks about the complexion of the US economy given the continued positive non-farm payrolls data juxtaposed to weak GDP data. He also tells us whether he thinks the decline in the US dollar will take pressure off of the US economy and what takeaways we should have from the weak US export data.
Then Ameera and Erin talk about a subject we’re quite familiar with here in the U.S. -- the rising cost of living. But it’s not just folks in the U.S. experiencing this. Britons are struggling with the cost of living as well, particularly rent increases. Erin breaks down for Ameera where the problem is and what solutions ordinary Britons are coming up with to deal with it.
After the break, Erin sits down with Marin Katusa, the Hedge Fund Manager and Director at Copper Mountain Mining Corporation, to discuss the shale sector and the technology that's changing the oil industry. Marin tells us that the Saudis are trying to break the competition by resisting output cuts as shale oil floods the North American market. He also talks about the prospects in natural gas and why liquefied natural gas may not fare as well as a future market in North America as some believe.
And in The Big Deal, Ameera and Edward Harrison continue the discussion on oil, with a particular emphasis on the Canadian economy.
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Our lead story: According to a report by the Center for Effective Government, thirty of America’s largest corporations paid their CEOs more than they paid in federal income taxes last year. While corporations are quick to point out that the US tax rate is the highest of industrialized nations in the world at 35%, they neglect to mention that between 2008 and 2012 that the average large corporation in US paid almost half that rate at 19.9%. Erin weighs in.
Then, Erin sits down with Frances Coppola – associate editor at Pieria and blogger at Coppola Comment – to discuss Europe and the UK. Frances tells us where she thinks Europe is headed and gives us her take on the London housing market.
After the break, Erin talks to Arnold Kling – blogger at AskBlog and adjunct scholar at The Cato Institute. Arnold explains the meaning of basic income and gives us his take on whether it’s better than our current unemployment safety net.
And in The Big Deal, Erin and Edward Harrison discuss privacy and the movement toward end-to end encryption in the Internet. Take a look!
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Just a month after Time Warner’s deal with Comcast went bust, it seems the company may have found a deal that can boom! This time it’s with Charter Communications, which announced that it will acquire the cable giant for $55.3 billion. Including debt, the transaction values Time Warner at $78.7 billion. And it enables Charter to expand, gaining customers in key cities like New York, Los Angeles, and Dallas. Boom Bust guest host Ameera David weighs in.
Then, Erin sits down with Ray Rothrock – CEO of RedSeal. Ray tells us what makes RedSeal better than other cybersecurity companies and explains how regular people are affected by major cyberattacks on companies.
After the break, Bianca Facchinei gives us a daily news roundup of other major tech stories, including the CareFirst cybersecurity hack, Google Maps vandalism, the worldwide smartphone market, and m-commerce.
Afterwards, Ameera and Erin discuss how smartphones are changing “infotainment” systems in cars as Android Auto debuts to positive reviews. Korean car giant Hyundai has released the first car with an integrated Android Auto system.
And in The Big Deal, Ameera and Edward Harrison talk about Senator Rand Paul’s filibuster of the renewal of the Patriot act due to his concerns about NSA surveillance and Amazon’s move to taxing at the EU country level instead of running its taxes through low tax jurisdictions like Luxembourg. Other American tech companies are taking it on the chin in Europe. So Edward and Ameera break down why.
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On Wednesday, media companies and distributors indicated that more people were cutting the cord and ditching expensive TV cable packages all together. Analysts much of it was sparked by Walt Disney, whose shares tumbled 9.2% on Wednesday – just a day after the company reported it would be trimming its forecast for TV subscriber fee profit growth.
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