us to reduce their bases of games aside from noise pollution and space concerns one of the arguments against us military bases on okinawa is crime according to the treaty american citizens attached to the base can't be tried under japanese law now most of the crimes about ninety percent involve drinking and driving or traffic related but there are a few high profile crimes which include rape and murder which have put a strain on japanese us relations see them with us to hear crimes do happen the japanese security cannot deal with them directly they must go through the u.s. military base command then you have to simply trust them it becomes very difficult . the u.s. military declined an interview with r.t. but did give us this statement. whereas a small group of people in okinawa vocalized that they are not happy with the bases many people there on mainland japan fully support u.s. forces in okinawa and to japan the realize the vital role the play in the defense

of japan and for regional stability and security but getting the u.s. out isn't as easy as a vote by the people japan's surrender at the end of the war limits the country to having only a security defense force as part of the treaty the united states officially acts as japan's military in case a conflict should arise that affects the country but now there is a small but vocal movement suggesting that it is time to review old policies that just aren't needed anymore. the situation in egypt has calmed there are no conflicts here any conflicts that exists or in western iraq and not here the people in okinawa think that the strategic value of these bases has diminished for the u.s. . but with china growing stronger as a geo political force in the region and the instability of north korea still a concern it is likely that the united states won't be leaving okinawa anytime soon sean thomas r.t. okinawa japan. the news continues here analyse the moment of our lives every power

main story. and again this is all seeing this is the breaking news here at least seventeen people have been killed in a car bombing at some lockett in russia's volatile north caucasus region more than one hundred others were injured in that talk in the republic of north

a sense here or an official day of mourning has begun the injured are being treated in hospital on those needing specialist treatment have been airlifted to moscow three suspects have since been detained while security has been tightened across the region. and according to political analysts but just last nick you know there are several reasons why and also said here has suffered near us terror attacks. going your slower than usual journalist bloody kavkaz was deliberately chosen as a target for terror act no the city has long been a target of international terrorists it's due to the fact that north a city has strongly supports russia in fighting terrorism its unorthodox region it housed russian military bases during the chechen war its people are strongly against terrorism especially after the beslan of and this republic has suffered a lot from terrorist and last a great number of children in that terror attack no such actively fights terrorism and as a result suffers further terror attacks. as law mcclave isn't russia have criticized

that claiming it was deliberately times to cause maximum insult to muslims will build over the ugly. this act of terror is an attempt to scare the people and it's aimed at the denigration of islam as a religion of the uk with muslims around the world and in russia with them in waiting for the end of ramadan and these people just carried out this attack that wanted to overshadow people's feelings ahead of this holy celebration and they have succeeded in doing this in northern syria and it's now in mourning and these people misbehaved what they've done yes you know much you were doing what i mean your security analysts said xander sent a van of says the medicines behind that links to al qaeda and a to take a hold on the region i see this is lost it's just if that's your science it's there is all tied up and actually. it is no lead is heidi's. all sort of a list and in fact they are atheists to destabilize the situation involves says at

inception asia they are trying to use their sphere of influence that's first of all and they're trying to show that they are not they have ceased there but still there were attempts to destabilize the atmosphere here in russia and its central asia as well. and political expert and at the same chief of then another school slugger magazine a victim living says they terrorised behind that time had a bigger agenda than just a wreaking havoc among the people. what we're dealing here with is i think a sustained and determined effort on the part of some to create political instability. on the eve of the. presidential and parliamentary elections to which russia is moving very fast. and i think that this is impossible without money and assistance from from outside of russia. all schools and came to gazans were also a document of in vladikavkaz through

a telephone warning claim to one of them would be bombed and three more times you know the really noticed news agency says the day's events are the terrorists have been waiting to seize that opportunity. to round up with i think terrorists want to seek revenge for the beslan school siege during this year's commemoration events the security forces were on high alert so no terrorist acts were carried out now security measures have been slightly weakened the terrorists attack people i'm almost sure that extremists are behind this blast probably with foreign support but of course i can't say for sure which organization is behind the attack the terrorists which blew up the court just want to destabilize the situation in the north caucasus and discredit the current leaders in the area they want to show that the states of thirty's are feeling to provide stability in the region big to come a shot up from the international federation for peace and consolations as they fight against terror can only be won with an international effort. i think that all the people politicians the military the security forces they have to think together

to give a village a civil society and build this spiritual leaders in order to understand what is really going on it's necessary to really unify the efforts in the in the country first of all and also it should be a real international corporation before it to give the reason because this is not only the local roads which creates the opportunities for this struggle in confrontation but also it has an international hooting and just to recap our top story a powerful blast rocks this southern russian city of logic of gaza thursday morning at least seventeen people have been killed when a car exploded near the central not in the capital of russia's republic of north said here a suicide bomber is believed to have carried out that target which also injured over one hundred some of them children three suspects have seen has been detained this is the latest in a number of terror attacks that have shaken vladikavkaz for over a decade the deadliest of which claimed more than fifty lives. but keeping you up

to date with this is haitian in the logic of cause but let's not get the business news with carrie. how are welcome to business i'm cleaning malakand because i have you with us russia ranks sixty third as a competitive nation according to the world economic forum that places russia roughly in the middle of one hundred thirty nine countries all the list data space for unmeasured competitiveness and twelve different ways among them education labor market efficiency and innovation so what i learned took first place followed by sweden and singapore. and washouts credit rating outlook has been upgraded to positive from stable by such ratings the reasons for the bull stark celebrating growth are stabilizing banking industry and a flexible exchange rate policy from the central bank which set my further rates russia's credit rating if the government reduces the country's vulnerability to

swings and says. politicians at least in some countries have given up the pretense of economic recovery president barack obama this week called for another round of public spending to prevent a slide into depression but the debate has finally balanced with others in europe determined to cut spending and bring down deficit's limited our lives. there at the moment wants to keep it not the one hundred eighty billion dollars into the u.s. economy after a data suggesting the economy from house prices to jobs is shrinking again given his mood is debating whether more spending will end a decade of contraction in the land of the rising sun the russians to face a choice for the next few years we see free spending. we see a combination of private and increased spending which we believe. i believe to be private capital will return to russia over the next twelve months in

a meaningful manner secondly we do see increased spending from the government as well combination of two should be the base we believe to be five to six percent growth over the medium term the government plans to borrow more money this year but also spend their means of this to build zeeshan fund domestic growth is already accounts with sixty million dollars and russia will be ready to shoot you ribbons in november according to finance ministry motion will be same store will be boring a lot in any case the deficit of three point six percent is anticipated next year we will say for close to twenty twelve deficit will be three point one man. two point nine to twenty thirteen the current situation has forced us to borrow and we will be spending from the reserve fund next year. the reserve funds have shrunk to a third of their former size when that runs down an old last hole in the russian budget unless the government can pump out goods more wings or one wire spluttering

to state companies legs bare ground with presidential elections less than two years away on a list c. politicians will respond in cuts off limits you need to do business or to must. plunging interest rates of lead to a three four rise in borrowing on the syndicated loans market by russian companies corporate loans have jumped to twenty billion dollars from just under seven billion dollars a year before for example local took an unsecured loan this year is about one percent above its a bank rate last year a similar but secured law by the same company had an interest rate four times higher than. the russian markets ended in the black on thursday with the r.t.s. finishing up of wine a half percent and the last six just over a percent across telecom was the biggest gainer all of my zax up over five percent backing in energy shares were also high with the t.v. gaining three percent all the r.t.s.

shares of spare bank of lukoil finished up two point four percent. gazprom will boost investment by thirteen percent in the final months of two thousand and ten it will take the total for the year to about thirty billion dollars the money will go on keep gas transport projects plants and russia's far east along with the north and south stream pipeline projects. now look out the rest of thursday's company use eldorado russia's electronics retailer says it will exceed its profits forecast this year helped by the opening of four more stores the group's vice president of marketing says the company wants to become a leader in europe. so you. go all over the next three years is to become the best in europe in the next couple of years we're going to rebrand the whole chain we've managed to recover and regain the confidence of both consumers and banks were quite profitable and we've announced a four percent ebit dollar year to date but we still have a lot to do we began the year with one target for profit but it looks like we'll

exceed it but at least one and a half times more solace to nominate is chief although during past go to the board of noise the extraordinary election is shadowed for october twenty eight the votes being repeated after accusations of cheating during an earlier vote the two principal shareholders who saw an interest have competed for control of the board a list of candidates will be submitted on september twenty first at the latest. burbank could offer a four point six billion dollars loan to rosalba small bank chief one graph told reporters in a slot on the island we have joined needs to refinance is debt to national bank graft has also announced that the privatization of one point three percent stake in the bank won't happen this year turning to its operations he added that burbank expect its retail loan portfolio to grow ten fifteen percent in two thousand and ten. that's all the update but you can always find most always on our website at

r.t. dot com slash business. close-up cain has been to the beach. for the first russian fleet was born. goes to the area which holds top position in oil and gas resources. where the biggest russian salmon caviar processing factories located. and where unique species of farm fauna can be found. should close up. a living in a country that don't understand that there's more violence the streets of this country than there are in the streets of baghdad. as a. crowd

gathers room in the. street the. sergeant of the israeli defense forces. during his service scorched a street fight. colonel in the chilean armed forces participated in keeping down a military revolt. sergeant in the us army. trying to become an american by taking part in the. ranks and reasons differ but one thing brings them together once they disobey.

please. communicate with the wild and. test yourself and become. see what nature can give you the. if. if you. song from funds to. his friends don't talk.

more news today. these are the images the world has been seeing from the streets of canada. which i took for a show today. and. if. if. if. you. he's you know i don't see at least seventeen people have been killed in a combat and then at a market and russia's most homeless focus is more than one hundred others were injured in that time in the republic of north a sense here were an official day of mourning because the injured are being treated

in hospital and those needing specialist treatment have been handed to the most serious suspects have since been detained while security has been tightened across the region. we'll bring you more on this story in fifteen minutes time but first also you spoke to the award winning british historian and economist robert skidelsky who says that russia and europe should former military alliance to face global threats that's coming up next on alt. lord skidelsky member of the british house of lords award winning historian economist and an expert on russia is here with us today thank you very much for joining us this group or skidelsky your wrists and book canes the return of the must step up philosopher and economist john maynard keynes received several awards how relevant the economists feel today i would say they were very relevant in

three respects first of all he explained how we got into this mess this crisis in two thousand and eight two thousand and nine secondly he tells us what we ought to do about it how to get out of it and thirdly he tells us how to avoid how we can minimize our chances of getting into another one and i think no other economist does that he was the greatest economist of the last century in one of the articles you said that europe was a declining economy clee and politically why is this happening and what are the signs of the crisis well of course europe's been very badly hit by the recession and it's got very high unemployment but beyond that i think europe is in decline it's it's weaker than it was. population is it is not expanding and. others are it's been affected by the rise of asia and particularly the rise of

china so if you think back to one hundred years ago europe was the center of the world now of course it's not and it's much much weaker than it was and partly it has no unity there's a european union but there's no european government and till they get european government they're not going to play or be able to play a major part in the world the world of. the collapse of the greek economy has impacted the whole of the european union. and does this mean that the e.u. is vulnerable as a groupie well of course it is because it was based on the idea that everyone is progresses at the same rate well if there are some weaknesses. in some parts of it it affects the whole lot because it means that the exchange rate is weaken and it also means that some countries like germany have to bail out other countries so if anything goes wrong in one part of the union it's the responsibility of other

countries and they didn't think they were going to have to assume those responsibilities so i think the greek the greek crisis has impacted the whole of the union immediately immediately it. created a crisis of confidence in the europe germany and france want there to be consequences for the countries which ran up excessive deficits like greece is this a necessary step well of course i think people have to countries have to be have to live within their means so to speak and not spending extravagantly but when they talk about consequences for greece they also have to consider the consequences for greece and other weak countries will have consequences for them i mean if if if they cut down on government spending in the mediterranean countries that will mean

less demand for german exports and so it will impact them it's not just consequences for the for the weak countries it's consequences for everyone so i think they have to be very very careful in wanting greece to pay the price of its extravagance because in paying that price the germans will also have to pay a price they're the strongest country in the your opinion and from such as well and what are the countries which could be potentially some. it to these matches greece italy spain ireland. england. portugal they're all they've all adopted what's called fiscal consolidation policies they've all said that they're going to have their spending in the next over the next four or five years to balance their budgets again and i think that's going to have a very bad effect because i think it's going to slow down the growth a recovery will slow down the recovery it might even lead to a double double dip recession as it's called so you actually go down again so

they're very dangerous times for the world economy over the next six months the german finance minister suggests introducing a european monetary font is this necessary is this a necessary edition to the current system i think it would help yes i think that's the one good suggestion that's actually emerged from the crisis i think most of the suggestions have been terrible but this is a good one. because it mobilizes some resources that can be brought to help we come trees in an emergency it's rather like your original version of the i.m.f. you know the i.m.f. countries can borrow from the i.m.f. on conditions but of course it depends whether they can mobilize the required resources on a permanent basis they have done it on a temporary basis so far on a permanent basis and what conditions they attach to lending the money if the conditions are too hard then i think they can actually make matters worse but it is

a good it is a good step towards a government of europe you believe that expenditure reduction is the key danger of the current economic situation why is that and if so what can it result well i think expenditure reduction is a huge danger because it's cutting down spending the government in a recession the government is really kompany. sating for a decline in private spending overall the spending in the economy is less than it was and then private sector spending less government has to spend more that's the only way of keeping economies going and i don't know who exactly was some politician that there is a crisis like the current one you have to pay people the money make them work even if you if you make them take the money and take them out well cain said cain said you know that you'll you'll you'll you'll get rid of unemployment if you if you dig

dig holes in the ground and get people to fill them up again or if the treasury filled the old bottles with banknotes and milton friedman said the same thing helicopter money you just scatter money over the country and that'll get rid of unemployment no between serious the german economy is a very strong economy but it is an export economy and its exports have been growing why because basically because china has been growing very fast in the last year or so if china's growth. stops but gets less if european if european growth falters as a result of these cuts everywhere if american growth slows down then the germans will not be doing so well and i don't think they'll be doing as well as they are now in over the next year i think they're going to face a moment of truth when everyone slowing down is going to be very bad for the german

economy the german economy will slow down to you criticize the decision of the european leaders to withdraw all fiscal stimulation programs which have been operating over the last two years could this cause a slump in logic. i think i think it can i think the the with the withdrawal of the fiscal stimulus is very is very risky because it's been like a lifeline it's been a life support system. them and everyone said oh really the big big problem is the hole in the government finances that they're that they're spending much more than they're raising in revenue it's not the hole in the government finances that's the problem it's the hole in the economy that's the problem and you know if you if you deal with the hole in the economy that the finances will get better automatically because revenues of the revenues of the government will increase and their expenditure on unemployment will fall so you deal with the economy and the budget

will look after itself more or less that's an exaggeration well leaving the economy to one side and one of your interviews you set that russia could provide military defense to the european union under what conditions could this happen. well what i meant by saying that russia could support europe in security matters was that russia should become part of the european security system and i think the simplest way to have done that would have been for russia to become a member of nato which is i think something that putin wanted when he was president but they did they didn't want russia in but that would have been the simplest way but as it is russia should become a much more effective part of the european security system and not be outside it because the european actually european military is very very weak the

two military power in europe the french and the british the rest have and do anything really but this small and there's no unity. sort of no agreement to create something larger and russia has a has a has has good military forces and they're becoming increasingly modernize and specialized to the kind of work. that military forces have to do today which isn't to fight huge rules but to be part of a counterinsurgency operations peacekeeping operations and so on so russia could be a great asset for european security system and president medvedev has suggested a new security called set that would include russia and we should we should take him up on that and really see we'll walk we can do with it because all through russia is part of europe it shouldn't be outside it. thank you very much for your time.

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