Boom Bust: AB InBev cutting 5,500 jobs, yet payday for lawyers and bankers
The AB InBev-SABMiller deal will yield $2 billion in fees and taxes, a boon for bankers, accounts, lawyers, and PR professionals. Meanwhile AB InBev is believed to be planning 5,500 job cuts after the deal goes through. Ameera David has details. Then, Boom Bust’s Bianca Facchinei reports on Finland’s flirtation with a basic income as the country plans to give out cash to create jobs. Afterwards, RT Correspondent Anya Parampil explains how an Israeli startup firm allegedly manipulated the iPhone to allow government spying.
After the break, Ameera sits down with Valance Inc.’s Warren Mosler to talk about how resilient the US economy is right now. And in the Big Deal, Ameera and Edward Harrison discuss the American and Japanese economies.