tv [untitled] October 25, 2010 11:30pm-12:00am EDT
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who is running for congress in massachusetts he's challenging congressman barney frank and according to most polls he'll probably lose but that and stop him from making some ridiculous comments over the weekend with the boston herald regarding the don't ask don't tell policy take a listen. right to search. for two issues cancer. for just three people so for. sure it. is no we understand. sir all. right well i'm glad he is laughing because i was just so damn funny so by a lot of comparing being people being gay to being short right well thankfully the boston herald pointed out to the candidate who was clearly too stupid for logic but the point is totally irrelevant i mean are vertically challenged people forced to pretend that they are tall and then dismissed by the military when it's really discovered that they're actually short regardless of their service record anyway in
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addition to supporting don't ask don't tell by a lot also opposes same sex marriage which by the way has been legal in massachusetts since two thousand and four now during this raised his retort was restored it resort pardon me to shameful and transparent gay baiting of his opponent the openly gay congressman barney frank but franken stake in the high road on this battle and one can only hope that he'll probably be reelected because of it now it is twenty ten and it's probably time that politicians stop bashing gays as a way to appeal to the far right in this country but i guess they couldn't figure out a way to fear monger with the muslim threat so is it was and that's why republicans shan't be allowed as tonight's top time winner. now world finance leaders may have cut a deal at the g. twenty meeting in south korea over the weekend to try to curb the erupting currency battle but the deal might just not be enough to take a look at our teeth correspond to financial correspondent lauren lyster in the
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following story. the united states has waged well known wars in afghanistan. and in iraq. but some argue it's also waging a lesser known battle with the united states leading financial world war to obtain foreign resources. and essential aid to make other economies pay tribute to it in this war us dollars are the bullets and their cheap ammunition because the us federal reserve has been printing and pumping a lot of them into the economy the federal reserve out of balance sheet of about eight hundred fifty billion dollars and that shot up to two point one trillion dollars more than one point five trillion dollars spent buying bonds and home mortgages from banks in the last two years to try to prop up the u.s. economy this policy is called quantitative easing it lowers interest rates and
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gives banks more cash to lent now it has exactly helped the average american but here's where it does matter if the united states sets interest rates very low and tries to open up large routes to landing that american corporations in america investors take money borrow money and then they go over the world and buy things the money leaves the u.s. because low interest rates mean investors aren't getting much return on assets at home this puts inflationary pressure on other countries and you've seen brazil react to that you've seen china react to that you've seen south korea react to that so why does this matter for you why should you care well let's talk about the things best like to buy things like soft commodities wheat sugar soybeans those affect your food prices i'll take these souls investors or lots of money into soft commodities i mean global food prices your food prices go up like happened in two thousand and seven and two thousand a regulator is also like oil but they all put their money into oil the price of
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energy for most of the world they consume. it goes up too. and when you do us are acting like an a.t.m. for the world pumping cash into the economy trillions of dollars this is the scenario you're helping to create. and pushing down the value of the u.s. dollar at the international reserve currency while pushing up the value of other currencies it's prompted an outcry from countries like brazil essentially complaining about the u.s. using beggar thy neighbor policy. dealing. and we've seen countries taking steps to protect their currencies and their exports from getting more expensive we believe it's very important meanwhile u.s. policymakers have rattled their sabers at the i.m.f. and the g twenty meetings calling for countries to let their currencies rise but was no mention of the declining dollar there is no doubt readers. think
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very much in terms of power and. they want to keep it but as the u.s. appears poised to fire off a new round of quantitative easing the rest of the world is fighting back instead of having this multipolar world led by the i.m.f. and the world trade organization with a very heavy influence for the u.s. government and the united states treasury we're seeing lots of governments going around the world cutting to party deals cutting deals to trade not in the reserve currency but in local currencies fighting back against the u.s. is financial world war that in the end may prove a losing battle or in the store r.t. new york. now joining me more for more from our new york city studio is artie's lauren lester lauren thank you so much for being here it's always great to see you now love your package would like to ask the following question though i mean you know the u.s. is so used to being the dominant force when it comes to the economy when it comes
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to conflict when it comes to all of these issues from the. weekend's meeting at the g. twenty and this whole debate over the currency wars i mean is this sort of the last throes of a crumbling economic empire. well what's interesting is you're seeing this shift that we've been talking about for a while illustrating you know we've been talking about how the emerging economies the developing nations the bric nations with growing economies that are far surpassing the growth that's happening that in the in the developed world the u.s. definitely included we've been talking about how the they will have more influence in these global bodies and now we're seeing that in order to get this agreement on currency devaluation they had to agree to increase the voting shares of the emerging countries in the i.m.f. so we're seeing firsthand the u.s. not able to pound its fist anymore and just get what it wants many say because they don't have the same economic influence that they once did because of the economic hardship that this country has undertaken and the massive debt that it's accrued
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we're seeing the emerging countries have more of it and more him put more say as a direct result of that you know that that was what was necessary in order to broker this deal now on this topic of currency wars explain it to someone like myself who doesn't really have a financial background or perhaps my parents were sitting there watching at home why should the average american be worried about the so-called currency war. because it affects the prices of the things that we buy a declining dollar which some are saying that treasury secretary timothy geitner is going after achieving and is successfully achieving with policies like quantitative easing that i talked about in my story this is all driving the dollar down that reduces the buying power of average americans when it comes to the things that we have imported into this country and buying power so you see the prices of things go up and then globally when you talk about investors having all of this access to money to to money that they can get a very low interest rates and then they go out and speculate they go out and invest
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they do that in commodities in on assets that affect the things that we buy affect the prices that we pay for food when they pour all this money into wheat or into sugar or into commodities that affects the amount that you pay for bread i mean we're seeing this now just in a different way you know with the concerns that there's been over a natural resources over rare materials in china and so investors have poured all this money into mining companies all over and they're calling it a bubble because you know all this money is funneling in but it's worth much more than these mining companies rare materials are supposed to come out at so that might be a more vague example but when you talk about food when you talk about gas prices those are things that are affected by these kind of movements of catch well thank you so much lauren that was our tease lauren lyster showing how these have to be ideological debates actually affect real americans very much and how a comedian prisoner in guantanamo bay has pleaded guilty to killing an american soldier while he was a young teenager as part of the deal is below to avoid
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a war crimes trial. is the youngest detainee at guantanamo bay resident he was just fifteen years old for allegedly throwing a grenade that killed a u.s. soldier but the case raises troubling questions about when a child ceases to be a victim and becomes a criminal under international law a child captured in combat is supposed to be treated as a victim rather than a warm. we're offered rehabilitation and custody and eventually repatriated home katar who was relatives in canada was offered neither of these options joining me now to discuss this is christine house the law professor at the university of texas and the guantanamo bay attorney since two thousand and two christine thank you so much for being there for having me to those of us who might not be familiar with the case people might see it all right there was a kid he did something wrong he was obviously caught being in the wrong place at the wrong time why should regular americans care about what happens to him he was doing something bad well i think the first premise is that people don't even think
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of him as a kid people think of him and as a as a killer and you know in a murder and killing soldiers but you know exactly what you said he was fifteen when he was picked up when he was captured and as you said lucy certain international laws apply that we've signed on to the united states has signed on to that we've promised we would follow them the un convention on the rights of the child optional protocol so why should americans care about this guy from canada who's you know being held in guantanamo i think that you know one i mean i think all americans should care about what happens to a child this is sort of like a human compassion aspect but i think sort of more importantly we're talking about a system that we're that we've now sanctioned that will continue to be with us and be part of our processes and we have to ask ourselves is that is that what we want
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to you know to keep as part of our system of prosecuting people children. i mean it does seem almost like this ever never ending cycle because the more that cases like this happen i mean the more it almost fuels that argument by those who might not be very happy with america's policy is that look at what this country is doing it's blatantly violating its own laws why should we continue to take this and perhaps even give reason for other people to sort of take arms and and stand up against what they see as a perceived injustice but is the u.s. violating any sort of you sort of alluded to this but what i guess what international laws is the u.s. violating by going ahead with this yes i mean that's so you've made two really great points one is that you know by violating international law and specifically it's a convention that we signed and ratified not the actual convention itself but the optional protocol which addresses children in armed conflict which you know one sort of applies to states who know so that they don't bring children into their
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armed forces to young so i think the united states are cut off aged seventeen and then you know at the back end it is to recognize that children who get caught up in armed conflict are possibly victims you know it may be after so i'm looking at it as some trial that that perhaps they weren't really a victim but at the outset you treat them as a child just due to their age and you have them you don't you know you don't put them with adults and eventually the idea is to repaint repatriate them so that they can lead a normal life but how do you just saw it whether someone is a criminal or just a child who has you know been influenced by some people whose ideologies may not be you know the best in the world right well in omar carter's case i mean he grew up you know his father is sort of known allegedly known you know a member of al qaeda very high ranking but i think you know there's sort of you know should we make him pay for the sins of his father so you start with the fact
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that he was fifteen and you know even in our own criminal justice system when children. or you know teenagers are that age they may eventually get tried as adults or they may be found guilty but you recognize the special circumstance that they're easily impressionable that they can be easily influenced by circumstances or their even their own family and so in the us in our criminal justice system we have hearings there's a name for them which i it's not coming to me right now but it's a spirit specific hearing so i want to go back to something that you mentioned which is. you know i think the under the bush administration when there was a lot of violations of international law and people said all it's the bush administration and of course you know he doesn't even like international law and now that it's the obama administration i think people expected that there would be respect for international law and you know he's got harold koh in there and so when there is this sort of blatant violation of
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a blatant disrespect for what the rest of the international community sees as you know very customary people look and go what is us doing and how how does the u.s. now have the credibility how do they have any street cred for for to tell us that we're violating human rights or that we're you know doing wrong things so it's exactly what you said we're almost out of time but do you think that perhaps this deal was done in some ways to avoid the wrath of the media for having an actual war crimes tribunal for this underage kid i mean i think the media is still all over he's still you know he was still put through a process that. you know what they say three times a charm i mean this is this this is the third set of charges that have been laid against him because the past two military commissions were found to be illegal in violation so you know i don't think that pleading guilty sort of wipes away the stain i think it just sort of emphasizes the fact that his lawyers thought you know
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this is not going to be a fair trial for him and that it's better to sort of negotiate a plea deal by. some of the previous detainees who negotiated plea deal were sent home and now they're very unfortunate all the time we have but thank you so much for joining here a lot of questions remain unanswered in this unfortunate case now still ahead tonight apparently taylor momsen really wants to know that she's all grown up and she's decided to flash her audience to prove the point when i explain in just a moment and it's the new pastime of americans watching the rich on t.v. to escape the poverty that they may be facing and i'm certainly guilty of it we're going discuss this in more detail with an a cusp aryan from the young turks coming up.
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minefield costs and r.s.s. feeds now in the palm of your. questions on the dot com. so it seems like taylor momsen is at it again she won the hearts and minds of america when she don chaps and wielded a gun for the cover of revolver magazine sealing america's love for her by discussing her love of porn and the accompanying interview and moms and has been on a mission to prove to the masses that she is a bad ass rock star with her band the pretty reckless despite the fact that she's barely legal jailbait now when her band at a show on saturday night she wanted to make sure that the crowd was really paying attention so what is an underage beauty to do when in doubt flash a t.v. and that is just what she did now before you get too excited taylor's memories were
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safely protected with a black tape x.'s over the nipple or regions and that's under age and if you are regions you perverts. we blocked it out it was all excited but anyway it seems that mom's and thrives by engaging in follow shock tactics when she's not on and when she's not pulling her top down she's posing in magazines shoes and laundry and firearms and which is not doing that she's making astonishingly awful email records and i was the worst of her crimes if you ask me now moms and loves writing sexy letter stressing like a slut and frankly doing weird things like setting her fix dog's testicles on fire why i really don't know but while all the moms are freaking out about what their teenage kids are seeing i personally could care less if her mom's in is who they're looking at or who they're looking up to then they're going to be in for a world of trouble anyways frankly if she wants to show the world what her chest
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looks like but not love her i just hope that she doesn't think that people are coming to see her shows for the music. now the coming expiration of the bush era tax cuts and set off a heated debate about what it means to be wealthy in america meanwhile the gap between the rich and the poor is wider than ever and what's more one out of every thirty four americans who earned wages in two thousand and eight made absolutely nothing not one cent in two thousand and nine as the saying goes the rich are getting richer and the rest which makes me wonder what is up with all those t.v. shows glorifying wealth from the real housewife seriously keeping up with the dash gossip girl i mean the list just goes on is that helping the misery making the misery of being poor disappear or perhaps distracting us from a dangerous reality about our economic situation now earlier today from our only studio i caught up with from the young turks and i first asked her what she makes
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of all of the popularity of these fancy high end rich people reality t.v. shows. well i think that the reason why these shows are so popular is because the fact that they really help distract americans from the huge economic crisis that we're facing right now it's a good way to escape the personal issues that you're going through in your life and this is nothing new this is something that the united states experienced during the great depression that was when people would go to theaters watch films and do whatever it took to keep their mind off the fact that they were poor although i wonder if there is a danger in the so most of pacifying effect because if you think about it i mean it's sort of difficult to work up your anger towards ben bernanke he or whoever you want to blame up in the in the policymakers when you're watching these wonderful t.v. shows about how great things are for rich people and it doesn't this sort of the american anger towards the economic situation that we're in. yes you're absolutely
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right and before i completely answer your question let me just tell you that i am just as. as anyone else of watching these reality shows using them to know me from whatever else is going on in my life it is a great distraction however it does pose a massive problem because what people in the united states need to do right now is hold these big banks accountable what people in the us need to do is hold our politicians accountable and it's difficult to do that when we're focusing so much on these distractions focusing on mindless things like the car dash and the housewives we have to be more politically active in order to see real change in the country and yes these reality shows do pose a distraction in our lives i have to admit i'm also a little bit guilty of watching some of these shows i mean sometimes after a long day at work you just want to do something that's mindless on television but at the same time i mean do you think this is a uniquely american thing i mean is it sort of an extension of the american dream
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that we've been talking about or do you think that it's something that people tend to do when times are tough and they can easily put in table let's watch rich people putting lots of food. i don't think that this is exclusively an american thing i think it's human nature to want to be distracted when you're going through things in your life that are difficult i wouldn't say that it's only americans however americans have done a great job at bringing reality television to the world by making it popular by making it part of our culture but i do see harm in it i do think that it's important to you know allow yourself to have that time where you can allow yourself to be distracted but also it's important for americans to make our democracy work by being politically active and making sure that we don't ignore the problem i feel like that's something that we've really been doing as of late we've ignored the problem rather than holding politicians accountable and asking for real change not
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asking demanding for real change well one of the reasons that we're doing the segment right now is because it comes at the same time as all of this new financial information basically saying that the gap between the. rich in the poor is wider than ever in the united states we said as i said in may enter only one in thirty seven and one of thirty seven americans made zero dollars in two thousand and nine even though they earned money in two thousand and eight i mean these are pretty shocking statistics so i have to ask. well i have to i'll just give you some. sorry just to give you some more statistics and this was really mind blowing to me michael norton he is an associate professor from harvard business school he had notes that twenty percent the top twenty percent of the united states own eighty five percent of our wealth ok whereas the bottom forty percent either have zero wealth or are swimming in a massive pool of debt i mean these numbers are staggering they're shocking and you know it's really
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a bad thing that there are distractions out there that are keeping americans minds off of how serious this problem is but you know we've got to do something we've got to find a way to hold people accountable and make sure that we make that gap smaller because it continues to widen but one last thing i just wanted to add to that we're almost out of time but it's not you know lest our viewers get a little bit concerned that we're just sitting here and you know talking smack about rich people it's really not about that because along with wealth comes power and influence and you have to remember that a lot of these people that you're talking about who are getting rich are also controlled the media organizations they can influence campaigns through political donations i mean there's a whole cycle almost resulting in a system that's essentially being set up against you and i the average americans which is which is somewhat dangerous if you really stop and think about it well i think unfortunately we're almost out of time but thank you so much for joining us from los angeles thank you for having me. and that's it for tonight's show thank you for tuning in to make sure to come back tomorrow we're going to have
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a political satirist and commentator sam seder to give us the latest on the races across the country it's only one week away and things are getting weird we're also going to talk about mark rubio's brilliant solution to america's immigration problem and mitch mcconnell's number one goal to dethrone obama in the meantime don't forget to become a fan of the owner's show on facebook and to follow us on twitter and of course if you missed any of tonight show or any other night you can. catch it all at youtube dot com the ellen show we're not posting the interviews as well as the entire show and the site coming up next is the news for the latest headlines from the u.s. and around the world. dear mom i'm sorry that i had to do this i've been in so much pain in the past year that i can't take it anymore the stomach and chest pains have been getting worse
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and no doctor has been able to help me please know that i'll finally be at peace and with no more pain i wish i could have had a life with it was a bit always pictured her being my wife and mother to my kids i love you all see you all in heaven when your time comes i'm going to meet jesus christ. thousands of u.s. troops in iraq received one of these drugs a drug called lariam and it may have prevented many soldiers from getting sick the question tonight is whether or not soldiers were adequately warned about its rare side effects serious life change and side effects. to the. civilians contain explosives potential bacteria strikes to limits to c.e.o. slides milledgeville magic has better planes in the sky and seeds of hope to
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protect our hearts theory so here we can provide such accuracy to many forms of modern technology update here. we've got the future covered. in india oh she's available in the movie joint the hotel rooms. the gateway her to the grand imperial truly the top western. you can a let's go toe to toe so don't need to go and. read this in the candle was a photo as a retreat. at
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clash of cultures in germany rising nationalist sentiment causes immigrants to insist they're being discriminated against even when they do try to integrate. the details of the latest wiki leaks exposé makes front pages around the world but the us media is accused of diverting attention from the revelations of torture and killings. and young couples tying the knot in overpopulated paid by the government not to have babies despite long held family traditions. eighty out of the russian capital you're watching r t a marina josh welcome to the
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program immigrants in germany accused of failing to integrate into society say they face discrimination at all levels if they do the german government says it is making moves to bring foreign born citizens into the mainstream just days after the chancellor said multiculturalism has failed sarah first reports on an issue splitting the country. oh and you. learn the language of an accent. we need to have a place. the message to immigrants in germany on integration in tough talk from the german chancellor his controversial speech recently friended multiculturalism a failure of the flood to paste on an extremely sensitive issue. which is also called gaza strip because. he has been becomes more and more arabian with high integration of the past few decades germany has.
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