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tv   Venture Capital  RT  October 20, 2013 12:29am-12:46am EDT

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business round up in venture capital that's just around the corner. a pleasure to have you with us today.
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what content you got to watch this week are cool to us drama continue to play out the soap opera let's talk concentrate on all the facts on the show you've been inundated with and maybe perhaps i'll get sick of it all so we're going to get a call so until about the process i'm old and that is a course which looks like it would be to stand in the you. according to you prime minister and they can say i will become the first year as an country to exit an international bailout mr kenney's said that the era of the bailout will be no more all off to announcing plans to withdraw from the i.m.f. e.u. support by the end of this year although mr kerry did warn that the country's financial troubles on. so just turn my view back in twenty ten ireland was forced to take an eighty five billion euro bet out of the country's biggest banks collapse fall stored to twenty that eve and it's not just our men's league that is optimistic but in july ratings agencies down and pools upgraded islands credit
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outlook from stable to positive because the country's debts were forming faster than expected so let's get some analysis right now with irish economist david mcwilliams in dublin. so david good news for my bed. well it started too soon arctic the good thing not least because i was sitting in the i.m.f. e.u. troika bailout is regarded by the state or at least under ties and marketed by the states as being the sort of end of the crisis but. we will still be borrowing substantial amounts of money next year the growth rate of the economy hasn't increased in any material way i know typically exiting the bailout is only you only end up paying hedge funds by borrowing from pension funds because of means in proper english and clear english so my my sense is that what we have is a situation whereby in the last three years the irish government how has the
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opportunity to change the growth potential of the country to address some internal problems that we have with respect to gives and vested interests and trade union movements but ultimately did nothing so you know good tutor repeat a great expression the irish establishment never misses an opportunity to miss an opportunity and here's been one and so what a club we go we go back and issue bonds to. pension foams and to investors in london but it's hardly a sign of success what would you say that about the island on the face of it looks to be in a much better stick to a send than the likes of paul it's a goal cyprus greece would you say say what's island doing i mean it's a very very different economy to portugal or cyprus our greece in the sense that we have some parts of the economy which are probably the most productive in europe if not most of the developed world so i don't think it's fair to compare us to the
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others and say we're doing well we might matrix for doing well i don't know what yours is employment is income is immigration is the lives of ordinary people and the lives of ordinary people how to. totally affected negatively by the last couple of years but what we find rather bizarre is that the bond market which is largely dancing to mr derby's tune as long as he promises to do whatever it takes to save the euro bond yields remain low all around the periphery of europe . they are trumpeting their great success we've lived in the country and have children the country of relations in the country work here see a very very different picture one where domestic demand is entirely flush one where people's incomes are falling out attacks are rising and one where all sorts of what we would have regarded as normal normal social services are being cut so again
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you know if success is that my job servers teachers who are being forced let's say to work long hours in order to pay somebody in america whose money just speculate in our bond market then yeah but up doesn't seem to me to be success and certainly nothing excited about oh no no i don't think that's. coming out of amongst us and then you'll see what it's what the economy is really doing internally as opposed to reading writing reports from investment banks i thank david met william says speaking to us from dublin now someone that knows all about ireland. is and it's it just costs a highly hey i had to get you a because of a c. i have shown you know what's going on that what is going on so you agree with dave that yes i go i have i do i think david talked about a sense that what you say on their own what you read in the newspapers is not does
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not reflect the reality the grad who are living there let's take public transport and i don't for example headlines in the irish times will tell you that fares for dublin commuters are going up ten percent and i think all right well you know that's not terribly bad but what david also said was that there was a huge failure on the. to rein in some of the unions yes so the public infrastructure is affected by strikes on the one hand the what you don't know what you don't see is that the average length of a commuter train is called the darts that brings commuters in and out of them average length has been reduced so commuters being squashed right now into smaller trains right out which they're being asked to pay more yeah so the squeeze is calling for all so yeah this is what you don't see in market reports arise or as i say should because i mean i'm focusing on the data because the data is reasonably optimistic and we like i said about the prime minister's comments this week about coming away from this international bailout package found that to me that seems
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positive because they are going to stand around the good to be independent no longer reliant on international help now i read in this one of the i think in the great to use the cliche he would say i wouldn't get into kenny's the prime minister who's on the back foot he's just suffered a humiliating defeat in a referendum where he tried to abolish the upper house of the irish parliament this would reduce the number of checks and balances obviously in the political system i think people have been asked to pick up of a pretty heavy burden ok we'll leave it there i want to chat to you all day about this by car but across it thank you so much that you can insight that a little bit of irish charm here a venture capital today thank you. switzerland is famous for its call she is its banking secrecy and well most importantly in my view it's chock of course the walt largest offshore wealth sent to switzerland it's signed an agreement convention with the organization for economic cooperation and development otherwise known as the o.e.c.d.
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the agreement means sharing banking information with dozens of other countries so i'm now joined by hans our kauffman swiss politician and economist for more information on this particular topic do you think that this is a good thing for the global economy do you think that this is more transparent say . less kind of black market. activities going on do you see this as a positive move. you know i'm still ready martin brave little ferry to see. privacy has no necessary to do we start acceleration because of a newly introduced a banking secrecy between good tools both wars. immediately also introduced to growth hairiest at least holding so for thirty five percent so in sweets and. really cheat taxes all income for all involves or shares because
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thirty five percent. of all the sort of in use are directly going through to state parks to probably start you are off for instruments from the e.u. from the united states where you do not tire of we told in taxes that step program so one could also have solved the problem by introducing globally substantial beef holding taxes do you think it's far as switzerland's economy is concerned it could be a bad thing and negative impacts come hard for an impact because we are quite unclear on. saying goodbye to another hundred thousand to two arms of thousand foreign customers and especially us customers are an old. and accepted their legal notice it's mostly spanx and i fear to direct we. may be two billion in revenues has called. thank you for your
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time. live a corporate news now than and it's not as rough as tame that's going to be like its place of brazil but also i brought some foam since coal company the piece is based fired had a pharmaceutical company will i think a forty million dollars facility to produce generic functions of account supplies into all conceivable medicines in the south of brazil. taking advantage of brazil to get spending on medicine the public health program. just opened up so we'll hold an i.p.o. in the next three to five years the communications minister made the announcement on his office says in the u.k.'s boil mal jumped almost eight percent on the day of trading on the london stock exchange. legal metals dispute a swiss school which has ordered to tadic company tell quite to pay roussel
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subsidiary investing limits its a two hundred seventy five million dollars legal see the cool to tell his claim that the tactic company had breached supply agreements made in two thousand and three ok it's time for the seven to speak to mr thomas all in-house investor and see what he's been up to and i go and you know i'm really impressed with your dedication so i like it your way and all of that you'll still try eating but i wasn't asked last week when our business and it's one o'clock in the morning here in phoenix arizona but that's not going to stop me i am dedicated to venture capital and you know what got to make some money i have to break even so i'm going to keep on working until i make ground zero that is the altitude we like it so how you doing that and how you putting that into practice well the good news is i'm up over but let me tell you i would not over let me tell you how this happened last week if you remember three quarters in financials and that's spirit bank specifically going gangbusters it went below one percent again for
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a third straight week in a row and so i made money the bad news is that governments remember sparkly or should i mean that's i mean i don't. know right but they didn't do me any good so i'm going to have to dump a diamond because they traded flash didn't make any money on them so overall my portfolio. i made eighty five dollars this week to a grand total of nine thousand nine hundred seventy five. twenty five dollars shy of the big ten thousand to break even so i need to keep at it and yes you do well done i k. so you made it but you don't quite that yet all you know i that well it's not nice to leave arizona a lot come a baby what if you got right is going to work in fact this is unfortunately the diamondbacks a very very very here i'm going to have to dump the diamonds i'm going to go all in financials it may seem boring but three weeks in a row getting one percent each we i can't deny that logic so i'm going to go all in
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with spirit bank to see if i can at least break through that ten thousand mark because if i do if you remember we have a deal we do have a deal we're going to bring you some profit from the united states if i actually break even but that's that's what's going to have to happen ron and i so i get my talk if you break. in the business are waiting for you all the way back from. down one part of the all right so i'm not so so how i feel about this dumping the diamonds. we're going to go with the financials are i have are i mean i reside out play halt that is what we got from that capital mr tom i saw in house invest right that succeeding this week well my time is up today so it's on and did i even to yourself i said we have i really hope you come back next week by.
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deliberate torch is on a big journey to such. one hundred twenty three days. through two hundred cities. really fourteen people or sixty to one. in a record setting trip. milan. motors face. olympic torch relay. on r t r two dot com. it's a quick fix for a long and increasingly intoxicating addiction the u.s. may have avoided but it keeps dragging the world into an ever deeper debt. is it still possible to break this vicious cycle.
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is real journalism a thing of the past and much of the western world in the name of security challenging the official media message of elites is often met with serious threats and reprisals whistleblowers are damned in need to feel severe consequences what remains is a deafening echo chamber warning all to get in line or arms. according to the behind center's numbers we have more than two thousand political prisoners i'm behind right now of course if you look at the system what the bahamian government is trying to do is they're trying to label many of these prisoners us terrorists.
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when is the new bush will close. coming up and shores refuse public liability for cellphone. the warning buried deep inside jumbo but. the next casualty catastrophe after tobacco and as best. i would tell myself on here and the tumor was right there and i was you know with all my right side the industry should have put these warnings on the so long time.


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