tv BBC World News PBS November 1, 2011 6:00pm-6:30pm PDT
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>> this is "bbc world news." funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. shell. and union bank. >> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> and now, "bbc world news."
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>> welcome to "newsday." the headlines. greece opts to vote on a rescue package. asian stock markets fall. guilty on all charges. three pakistani cricketers could face jail for taking part in the betting scam. turkey tries to ease tensions between pakistan and afghanistan. we talk exclusively to the turkish foreign minister tareq and add it did to dot com. some people claim they cannot stay off the internet. 9:00 a.m. and singapore. >> it is 1:00 a.m. in london. broadcasting to viewers on pbs in america. welcome to "newsday."
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now greece's decision to hold a referendum on its bailout package has shocked euro-zone leaders and caused stock markets to fall sharply if. days ago, european leaders thrash out a deal that offered some hope and the long-running crisis. the greek cabinet had decided to back the referendum proposal. if they vote against the deal, the future of the euro-zone looks in doubt. >> the euro-zone, its economy and market -- the spinning wheel of fortune now perhaps determining whether the but made by euro-zone leaders with their best to plan would lead to a crisis or recovery. it's here in strike riven debt- burdened greece with the new threat that has arisen with
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the unexpected announcement joint -- from george papandreou that there would be a referendum on europe's bailout deal. this new idea came as a huge shock. >> this announcement has surprised the whole of europe. france wishes to restate that the plan adopted unanimously last thursday by the 17 members of the euro-zone is the only possible route to resolve the problems of the greek debt. government gerereek had been offered is 100 billion euros of additional bailout loan. but there will be painful cuts and public services, higher taxes, and years of declining real wages for greek people. serious sacrifices. even if all goes to plan,
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greece's government debt in 2020 will still be 100%. and that will make it extremely difficult for the economy to recovery, which is one reason why the rescue package is unpopular. >> given the present circumstances and the people upset about austerity, you cannot really call the outcome. that is why i think it is probably a hard decision and not a pleasant one. what do you think will happen is the greeks reject the rescue deal? will default. i think it will probably be followed by similar action in portugal, spain, italy and even possibly france. >> share prices tumbled on fears that debts will not be replayed in a big losses will be incurred by banks. the ftse fell 2.2%.
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shares in germany fell 5%. the drop was 6.8%. the price of the italian government had to pay to borrow rose to a record level. backdrop tous thursday's meeting of the g-20 leaders. with an emergency dinner between premier, sarkozy, and angela merkel scheduled for tomorrow night. as europe's wheel of fortune spins, the remedy for the euro- zone negotiated five days ago and was supposed to be the final word on this subject, already looks like a losing bet. >> let's cross to athens where i am joined via skype by a greek journalists. welcome. this decision has thrown the global market into a spin.
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but what is the atmosphere like in greece? >> i think people are puzzled with the decision to move on to a referendum. and dick vast majority of the and analysts -- the vast majority of the analysts seem to disagree with that. most in the opposition believe the solution to this situation like that would be with an early election, and have the people decide which party and under which kind of policies they would moved forward. the call for the referendum is something puzzling. a couple of days ago we had a report that showed a 60% of the people against this deal that was reached in brussels last week. so one would expect that this would translate in the referendum, if it ever comes, by the government. on the other hand, what probably explains mr. papandreou's position is that it showed that 80% of greeks were in support of
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the euro. they do not want the country to move out of the common currency and back into the drachma. probably the referendum would have the kind of a question that would directly or indirectly lead to that, the dilemma between staying in the euro-zone are moving out. -- or moving out. probably there is some chance for the government to succeed and get some more legitimacy to move on with these very, very difficult and harsh reforms. as you said yourself earlier in the peace, this is a very difficult bet. >> as you say, eight days the government some legitimacy, if the referendum succeeds. what happens if it should fail? >> if it fails, the most obvious thing will be for elections to be called.
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i cannot see any way out of it, and nobody else sees any way out of bed. even the government doesn't know what will happen if the referendum does fail. see howy, we will things develop. and we do not have the outcome of the referendum. to be quite honest, because of all the discussion could be quite academic, we will see if the government will survive. so between that time, we have tomorrow and friday night when we have the confidence vote in the parliament. >> all right. thank you. now, let's take a quick look at the markets. greece has called for a
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referendum on the latest euro- zone bailout. asian shares are doing likewise. there are losses of 2% across the board for all markets. that includes japan's nikkei, australia's asx and korea's kospi. sony and nissan is a dragging down the nikkei. u.s. stocks tumbled nearly 300 points due to euro-zone, with banks hit. now to a scandal that has rocked the world of cricket. two star players were found guilty by a court of involvement in the betting scam. they admitted the charges. all three face sentencing on wednesday. james pierce.
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his report contains flash photography. >> as we left court. what do you have to say to the people of pakistan? a few minutes later, his former teammates followed. both men had been found guilty of accepting the money in return for playing badly on purpose. through their actions, they brought shame on the cricketing world. >> this prosecution shows that match fixing is not just unsportsmanlike, but is a serious criminal act. >> the players were brought down by their agents, who was lured by an undercover reporter into revealing the murky world of fixing. >> i am telling you, big money can be made. >> he initially handed over 10,000 pounds. then one eve of the lord's test
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match, another meeting to place in a hotel room. the agent explained exactly when -- >> last ball. >> another 140,000 pounds was handed over. days later, some of that money was found in a hotel rooms of these players. so on to the lord's test. the first no ball was due. >> no ball. >> the ball was amir. no ball could hardly have been clearer. >> it is a big no ball. >> the second. this time, mohammad assiz. the following day, the third. >> what expert tell them that this was the biggest nobal ball
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he'd ever seen. >> the impact of the trial will spread far beyond this court building. serious questions will have to be asked about the effectiveness of the anti-corruption unit. it was only because of the journalism of "news of the world with " that this was uncovered. >> i hope it sends a message to the world games even contemplating getting involved in these kinds of activities that he will not get away with it. >> and pakistan, there has been dismayed at the realization that some of their best loves players cheated. >> it has left me very humiliated, because pakistan in cricket represent pakistan and a major way. it reflects so badly not only on the cricket on our society. >> the success of tournament like the indiana premier league has raised the estimated worth
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of cricket gambling industry -- industry to $50 billion pe r year. the high stakes have brought temptation. tomorrow, they will be given their sentences. >> now, babita, an interesting role for turkey as it attempts to act as a peacemaker. >> turkey is hosting talks between the presidents and military chiefs of afghanistan and pakistan in is simple and an effort to ease mistrust between the two neighbors. in an exclusive interview with the turkish foreign minister, our correspondent asked whether such talks could really bring peace to the region. >> they have big ambitions on the bosporus these days. for the sixth time, turkey has brought together the leaders of two neighbors at odds with each
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other, but their differences do run deep. there is little trust after militant attacks on afghanistan, blamed on militants said to be sheltered by pakistan. i asked the turkish foreign minister how yet another summit meeting could help such a troubled relationship. >> in all these meetings, they share everything, what they have in their mind and in their heart, and this is important. afghanistan and pakistan, they are together for centuries, the people, the tribes, the communities. they get together for centuries and they will continue for centuries. >> but you had six of the summits. a lot of things have been said. on the ground, security and relations are much more different. >> there were joint military maneuvers. there were some joint intelligence meetings. if there was no such summit,
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there could of been much more tense relations in the past. of course, we cannot say just one mechanism consult everything, but the important thing is these two nations, the leaders should sit and discuss. turkey is helping to bring them together to discuss it in depth. and if there is a crisis and a problem, to help. >> talking to the the turkish foreign minister tareq the israeli government has announced plans to speed up construction of another 2000 housing units to jewish settlers in the occupied west bank and jerusalem. it has decided to suspend the funds to the palestinian authority. the move follows a decision on monday by the united nations cultural organization unesco to grant the palestinians full membership.
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thousands of anti-government protesters have again marched through the streets of yemneni capital to demand the removal of the president. they demanded the release of dozens of dissidents from prison. if they were greeted in some areas by soldiers. but in others, they faced pro- government forces. the authorities in bangkok are still struggling to satisfy the demands of different communities affected by the flooding in this city. residents of some suburbs have demanded that flood barriers be open to allow water to drain to the district. however, residents of the city center what the barriers to stay to keep their areas dry. atching "newsday." china's president comes to europe for the g-20 summit. we will get analysis from beijing. >> and why this american teenager says his need to go on
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the internet is a medical condition. the u.k. economy grew by the 4.5%%, a result of stronger growth in several sectors including manufacturing. as our economics editor explains, the outlook remains uncertain. >> our gdp is just all the goods and services produced by everyone in the u.k. when that number goes up, we have growth. in the good news is our gdp did grow and the third quarter by .5%. the bad news is that is also how much we have grown in the past year, much less the government originally hoped. as this cement works they do not need any>> -- the medium to. sales will hopefully come up in
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the next three-five years. not in the short term, though. >> today's figure is better than expected, but by any standard, we're looking at a slow recovery. places like this remind us that slow-growth could also have long-term consequences. the longer that this company, dealing with low demand and operating below capacity, the greater the chance they will have to turn off another one of these. lose all of the workers and skills they have been trying to hold onto. at the bank of england, they have been calling for more action to support the economy since last year. he thinks the long-term prospects are good, but we should not kid ourselves that slow growth is all down to the euro-zone. >> my personal view is that is being exaggerated. there is clearly the prospect of very bad things in the euro- zone, and its confidence has an effect on us, but fundamentally, we are the masters of our own destiny here. >> slow growth is better than no
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growth. everyone can agree. the question is whether we can do any better. >> this is "newsday." i'm singapore. >> i'm in london. greece' s decision to hold a referendum on its bailout package has cost stock markets to fall sharply. two pakistani cricketers could face prison after being found guilty in taking part in a betting scam. chris jintao is in europe and is expected to meet nicolas sarkozy later on wednesday ahead of this year's g-20 summit. mr. hu has expressed confidence in europe overcoming its present economic difficulties. i am joined from beijing by the chairman of the china focused private equity firm.
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welcome to the show. stock. s. at there is a lot of concerns that the euro-zone debt plan has been thrown into a tailspin. should china step in to help? >> i think china is ready to do what it can, but not if there is no plan. especially there is no end game in sight. the simple fact that the referendum was able to cause some was problems shows that the circumstances are changing so rapidly that it is impossible for the chinese authorities to see where their help should go. is it going to lead to the germanification of the euro- zone, or will let it go and help support the likes of mf flobal, as well as other
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financial institutions that might have bet on the debt or cdo's. unless there is a clear plan and an end game in sight, it is difficult for people to ask china to help. >> and do you foresee a clear plan becoming more apparent, especially after this latest crisis? >> i think it is very, very difficult. for example, mf global. there are so many of financial derivatives that are behind the current sovereign debt itself, which are opaque, unknown. in addition, the confidence of the market is something that people looked at seriously as well. so without an indication of where everything goes, by the way i should say, as the hundreds of fund managers will visit china asking for chinese
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money, they have found out the chinese are quite sophisticated. and they know how the markets work. and it is impossible for them to even look at some way of helping it unless there is an end game in sight. and i personally do not believe that there is an end game in sight within the next three-six months. they will continue to be huge volatility in the market. >> we know it is the eve of the g-20 summit. the president will meet with his french counterpart. what do you expect to transpire? >> i think the chinese side would simply like to get a better understanding of what leaders of europe see as the plan forward, short-term and medium-term. unless they get a clear understanding of how that works, it is difficult to talk about helping. there is strong support for the
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governments of europe to get out of the crisis. but ultimately, the crisis is local. it is european with global ramification. the solutions have to be identified first by the european leaders. >> right. we will have to leave it there. in beijing. it seems that modern living may be posing a new challenge for medical experts. >> i do not know about you, but many of us cannot imagine living without the internet nowadays, but can the need to be on-line become an addition? it is recognized by the american psychological association. doctors are coming up with innovative treatments. from connecticut, we have the story of 116-year-old. is online have that went to the extreme. >> nick was always a model student, but a year ago those grades started to drop.
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he had been given a laptop computer by his high school. he has attention deficit hyperactivity disorder, and spent six hours per day playing video games. >> i started doing the multiplayer games and stuff like that. what it did for me is the kind of gave me a sense of instant gratification. >> and what did you feel when you could not play video games? >> like, i had to go on the computer or i would be bored to death. >> he and his family are experiencing -- it's being played out in homes across the nation. 80% of americans have access to the internet. with that access, comes the possibility of addiction. his parents tried to limit his computer time. and they were alarmed by a aggressive way he would follow them around the house calling for the computer. >> the times of with look at him and say, look at yourself. you're like a crack addict. you're scary. >> nick is now being treated by
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dr. david greenfield of the internet addiction center in connecticut. this treatment is helped to -- is used for war and veterans suffering from post-traumatic stress disorder. the doctor thinks that his adhd is a factor in his overuse of the internet. >> there is something about the focus and the narrowing of that focus that makes the internet, a computer, and video games, and computer games. attractive. and they can sit still for hours playing these games, whereas in other formats, they are unable to sit still. >> he is playing american football for the school team now. he has not been on the internet in months. >> it really helped me not using a computer just for games. i think it has gotten much better. >> the very term internet
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addiction is not recognized by the american psychiatric association. and most insurance companies will not pay to treat it. >> internet addiction is not a true addiction in the sense that someone becomes dependent on something and cannot survive without it. >> i think it is only a matter of time before we have some formal diagnosis that will include it. >> as doctors debate whether internet addiction exists, nick knows his life is better. >> i feel happy i was able to get out of this and actually be able to connect to the world itself, and not connect to the internet. >> you are watching "newsday." >> headlines on the way next. stay with us.
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