Name: Cold War in Tech | May 31, 2019
Uploaded: 2020-03-11T18:44:02.000Z
Duration: 10 min 1 s
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you know our last show of the season would land on a Friday because it's gonna be awesome. 2 

Thank you for watching this last day in May, up Carla Zeus for CNN 10 a 10 minute show that gives down the middle explanations of world events. 3 

Past perfect

On our April 11th programme, which is in our archives at CNN Tenn dot com, we told you how Israeli Prime Minister Benjamin Netanyahu had won 1/5 term as his nation's leader. 4 

That would make him the longest serving prime minister in Israel's history. 5 

Now, though, the nation is preparing for another round of elections in September. 6 

What happened In order to be prime minister, ah politician needs the support of the least 61 seats in Israel's Knesset, its parliament. 7 

After April's election, it appeared that Prime Minister Netanyahu would have the support of 65 seats. 8 

But not all of these seats were in the Israeli leaders political party. 9 

There's usually a coalition, a group of political parties working together that form the Knesset majority. 10 

This time, though, that didn't happen. 11 

There was a deadlock among Israeli party leaders, so it will once again be in the hands of Israel's voters. 13 

New elections will be held in the hopes of establishing a coalition that works together in the Knesset. 14 

What happens in Israel is important to nations around the world. 15 

Israel is America's closest ally in the Middle East, and Israel's government is crucial to peace negotiations between Israelis and Palestinians. 16 

The situation in Israel now is simply unprecedented. 17 

Never before in the history of the country has a prime minister failed the former government after an election. 18 

But that's exactly what happened here. 19 

Benjamin Netanyahu appeared to have a clear path to a right wing coalition after the April elections failed to put together a government with its coalition partners deadlocked. 20 

He been in tough negotiations before, and he always found a way out. 21 

Netanyahu essentially had two options here. 23 

Go to the president, say he's unable to form a government and risk someone else being given the chance, perhaps becoming prime minister or legislate new elections. 24 

It means he remains in charge of his Likud Party in charge of the Knesset and in charge of the country's prime minister. 26 

Those elections scheduled for September 17th. 27 

Israel has never had to national elections within months of each other like this, but that's where this country is headed. 28 

These results, of course, go beyond internal Israeli politics. 29 

President Donald Trump's team was ready to roll out part of its long awaited peace plan. 30 

This may throw those plans and turmoil. 31 

On top of that, Netanyahu faces criminal investigations and potential charges. 32 

Those aren't going away with a hearing scheduled for October. 33 

All of that now hangs in the balance, with Israel heading for elections in three and 1/2 months again, or Lieberman, CNN Jerusalem Two leaders on opposite sides of a trade dispute and opposite sides of the Pacific are getting ready to meet next month at the G 20 that stands for Group of 20. 34 

It's where the leaders of 20 of the world's largest economies meet to discuss issues like international trade. 35 

That's especially significant to the United States and China. 36 

For months, they've been trying to reach a new trade agreement, but they haven't so far, and they've imposed back and forth tariffs taxes on imports of one another's goods. 37 

It's being called a Cold War in tech the White House essentially blacklisting the second largest smartphone maker in the world. 38 

China's crown jewel of high technology. 39 

A symbol of the Chinese government's strategy to dominate high tech. 41 

It opens a new front in President Trump's trade war with China, barring wall away from buying or licensing American parts with ripple effects through global supply chains, American ship makers can no longer sell to the Chinese without US government licenses. 42 

Google has suspended UPDATES for Android phones made by Wall Way. 43 

S says isolating Wall Way is a matter of national security. 45 

China says it is a victim of US bullying now. 46 

The Commerce Department issued limited exemptions for wild way products, but the new, tough strategy on confronting China remains in place overall. 47 

But the NASDAQ is still up this year, an impressive amount, and even with tariffs, encounter tariffs. 48 

The NASDAQ is still higher than it was when the trade war began last summer, a testament to the resilience of stocks. 49 

At the same time, a reminder of the risk to the downside, President Trump wants China to play fair. 50 

He wants China to stop stealing intellectual property from American companies and unfairly subsidizing its strategic industries. 51 

And he has more leverage to use the White House preparing even more tariffs affecting American products made in China on everything from iPhones to sneakers. 52 

In the 16 thirties, Holland saw a market boom and bust centered on what flower rose to a lotus with poppy. 54 

Holland 17th century frenzy was called tulip craze or tulip mania. 55 

Tulips from Turkey were introduced to the Dutch in the 15 hundreds. 57 

They were popular and in high demand, so the price shot up. 58 

Rare color patterns of tulips drove that price even higher, so much so that people started mortgaging their homes and estates to get bulbs that they hope to then re sell at a profit. 59 

Some begin to doubt that they really would make more money on tulips, and they started selling them. 61 

The tulip craze suddenly came crashing down. 63 

Entire fortunes were lost in the event stands as a reminder today about the risk of speculative investments. 64 

What better place to discuss this than that? 65 

The world's largest flower auction, a place not far from Amsterdam, where tens of millions of plants are traded every day outside the city of Floral Valley is underway. 66 

Tourists Drawn to Old Sameer Flower Auction World's biggest Today's trade grew from Chile mania, the 17th century economic bubble when tulip bulbs sold for more than a year's wages. 67 

The Dutch fervor for flowers hasn't waned a bit. 68 

Master Flores Florian Side is the cofounder of Thunder Comma. 69 

He invites me to his home to share his passion for petals. 70 

Tulips came from Turkey and they're grown, made mostly in palaces. 71 

And then a few boats came to Netherlands and they started to multiply. 72 

And I think that's when the big love from the Dutch Four Flowers started, I guess a za business journalist. 73 

I've always found truly mania to be fascinating. 74 

It became really trend trend, the item, and everybody just wanted to happen. 75 

And because they know that many people paid crazy amounts for one single boat and, um, I guess until now it's now. 76 

You can't understand that or you can comprehend the demented way. 77 

But I guess in those days it was split for normal, isn't it to describe anything? 78 

It's out of control in price to most luxurious thing you could imagine to have, I guess if you have to live in your garden, you would like to talk of the town. 79 

Most people use video games for entertainment Colorado high school student recently used just dance to devise a new method of conducting spinal surgery. 80 

The idea is that motion tracking technology could help a computer anticipate how a spine moves during surgery. 81 

The surgeon would then wear an augmented reality headset to see the images and do the work that still needs testing. 82 

But it won the students $75,000 in a science fair, so the idea has backbone. 83 

Even if it's a little mind bending and spine bending, it's spellbinding. 84 

He was able to spinal tap into tech to vertebrate virtual reality with radiology to fuse a radiological solution, even if he had to bend over backwards to make it work. 85 

Thank you for our biggest year ever, with our biggest audience ever. 87 

Thank you for your e mails, tweets, visits, feedback and requests. 88 

 Have a wonderful summer ahead, and please join us again. 