17/02/2016 The Papers


17/02/2016

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Cardiff that eventually cost Shaun his place. -- the miscue.

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Hello and welcome to our look ahead to what the the papers will be

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With me are Cassell Bryan-Low from the Wall Street Journal

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and Ben Chu the Economics Editor at the Independent.

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Tomorrow's front pages...starting with...

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Considering what you both specialise in, the Financial Times, it is a

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very good place to start, and not Europe. Would you like to start us

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off, the Fed, fretting over the risks to the US economy, one

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question, haven't we known about this for ages? What is new today is

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that they have released the minutes from their discussions in January,

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watch that reveals, is that the Fed officials struggled with uncertainty

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about the outlook both for inflation and the economy and they seemed to

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fall into two camps, one who thought that there were risks emerging for

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the economy and another camp who were wait and see. What do you read

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into this, even more pessimism? It is pessimism but they are reflecting

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the mood in the markets, this was not new, Janet Yellen was up before

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Congress and she said pretty much what these minutes say. What is

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really interesting is what the markets are saying about the rate

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rises, not so long ago they thought rises, not so long ago they thought

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that there would be four rate rises and now they think there will be

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none. That is a reflection of how much the markets think the Fed will

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be spooked by all of the sell-offs in the commodity markets and

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interest rates will stay much lower than they were thinking one month

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ago. We see the actual financial markets bouncing up in the last few

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days, quite surprisingly to me, will that go on all will it spooked them

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and they will go down the other way? What we have seen in the last few

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days was a correction after very heavy losses, so it is a sign that

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there are some investors out there who feel that there is some bottom

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fishing to be done. Bargain-hunting. Same thing, but my guess is is that

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we will see a lot more volatility to come and I don't think we have seen

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you end of it. This is all about Apple refusing to unblock one

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iPhone, but they would argue it is not just one iPhone, if you unblock

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one of them then you unblock all of them. That is the argument that the

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head of Apple is making, he says that it may seem like a very

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sensible thing, there is a terrorist who shot up a place last year and

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you want to go into the phone and find out what the links are. But

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precisely that, if you do one, you do them all potentially. And whose

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hands could this be in? You may trust the government today but who

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will be the government next year will future is, it is a very Dane

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Coles president, they are effectively being asked to hack all

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of their users. It is something that affects a huge number of people. Is

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the technology not already there to deal with it phone by phone? Rather

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than affecting everybody? I think the principle is the nature of

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software, if you unlock one version of it, it applies to all phones.

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What is interesting is that it is not just a debate in the US, but it

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is in the UK, where intelligence officials are saying that this kind

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of encryption is making their job a lot harder, you will have the US

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technology companies making the same point, that it is about protecting

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the privacy and security of the customers, there is a bunch of

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criminals who are trying to hack our phones all of the time so it is

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difficult. Let us whiz on, we cannot get away from Europe. Daily

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Telegraph. Angela Merkel looking particularly fierce. Deal or no

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Deal? Bring us up to date with what the Telegraph is saying. This is the

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story about David Cameron is about to enter 48 hours of talks to secure

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the deal on his arms on a change relationship. He has had a mixed

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day, Angela Merkel made it very helpful intervention saying that the

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British demands were justified. Meanwhile in a reminder of the

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battle he faces, even after he secures this deal, he still has too

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convinced the British public which in many ways will be a much bigger

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back. We go to the front page of the garden, I suppose there is somebody

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who wants to persuade, Boris Johnson. Wearing a hat which makes

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them look like you should be on an underground station. This is the

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business, there are things going on in the Tory party that makes things

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going on in Brussels pedestrian. Yes, you would almost think that the

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fate of your arrests in the hands of Angela Merkel and Boris Johnson,

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Angela Merkel has made a helpful intervention and him somewhat less

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so. He is parading around Downing Street, being equivocal about

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whether he will back the deal or not. The Tory grassroots and the

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Eurosceptic wing, are hoping that he will be their leader. But he is

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still sitting on the fence. So Cameron has a lot of battles to

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fight, Yaz got a battle to fight in Brussels to get over the line -- he

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has got. Then he has too convinced his own party, that he has got a

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good deal. A battle on multiple fronts. There is talk of a plan B in

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case things go wrong in Brussels? The hope is still that everyone

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reaches a deal this week, but there are issues that remain, we have

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British officials saying over the last couple of days that if they

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don't reach a deal this week, it will be maybe several weeks before

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EU leaders can get together again that will derail hopes of having a

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referendum in June. And the front page of the metro, something to make

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a shiver. It is a radioactive theft? It is an eye-catching headline that

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suggests that Daesh or Islamic State has stolen a stash of nuclear

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material, on closer inspection it does seem to be a little Finlay --

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thinly sourced. It does not have a more specific attribution but

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clearly this is something that everyone is concerned about, they

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appear to have access to chemical weapons before, getting something

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that they could make a dirty bomb out of us... It is interesting, they

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don't even use the term Isis, good for them. They say that Daesh has

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used chemical weapons in the past, did I miss that? When have they been

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using chemical weapons? Poison gas maybe? Certainly in the Syrian Civil

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War they have been used and there is dispute about who used them. But

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this is not a story that has been picked up by many other news

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outlets, it seems a bit odd, that a US owned oil plant would have

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nuclear material in it in Iraq, we should take these things very

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seriously, but you need to find a lot more about this before you start

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drawing firm conclusions. OK so let us go to the i. This is a story that

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may have moved everybody terribly, we have seen the headline, the

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meningitis vaccine plea wins huge support. People might not know. It

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is the most unbelievably sad story. It is a two-year-old girl, she

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caught meningitis B, after 11 days she died on Valentine's Day. Now her

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mother has publicised a picture of her, a dramatic picture of her

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before she died, to raise awareness for the campaign, she wants a

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meningitis B vaccine to be made available to all children. At the

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moment, it is up to those of one years old, but her daughter was two

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when she caught it. It has record fire online, huge numbers of people

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have signed up and have called for the government and the NHS to make

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it available. Tricky, because stocks of its hollow block with this degree

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of public feeling, you would have two suspects. Do you have children?

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With the mother of a glossier old boy strikes close to home. A lot of

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credit to parents, at an extremely difficult time to have the strength,

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to publicise the issue. We have had a few stories about meningitis in

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the papers, it has helped to raise awareness. There is a story a little

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while ago, a small child, the signs of meningitis were missed, so it is

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good to raise awareness for it. To you think this is the way to go for

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it? It is going to be very difficult to ignore it, there are lots of

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medical issues around. And the NHS is strapped for resources, they are

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already being cutting edge by offering this in the first place.

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One of the first countries to offer that, and clearly they had to make

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some decisions about priorities, it is very difficult. Bendy you have --

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then do you have children? Yes, for parents this will be a very emotive

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story. I'm surprised not to see it in the front pages, maybe it will be

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later. We will have a chance to look at the other front pages later on.

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Thank you very much indeed. That is it from the papers for this hour, we

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will be back at half past 11 looking at the front pages. Time now on BBC

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news for sports stay.

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