tv [untitled] November 11, 2010 2:00am-2:30am EST
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so the financial nightmare two thousand and eight. wait there for. talks have already kicked off of course so what some of those plates. where you said it shared recovery beyond the crisis is the main theme that of course means money the summit kicked off with a business forum and their president urged the g. twenty to create a favorable environment for medium and small businesses he really believes that that will get global recovery going but the first day is very much set up for bilateral meetings president medvedev met with british prime minister david cameron there the dialogue very positive both saying they see eye to eye on many of the top priorities of the g twenty and of course the top priority is the economy which you can't talk about these days without china president will be meeting with hu jintao and their other dialogue is expected to focus on u.s. financial policy which right now the world is not very happy with but yes you
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mentioned the u.s. there why is this such a strong reaction against u.s. fiscal policy. well the u.s. just pumped six hundred billion dollars into its economy essentially devaluing the dollar while at the same time pushing pretty intensely on china to revalue its currency its pushing on germany to lower its exports to spend more to help global recovery so there is an air of hypocrisy and leaders around the world are seeing this protesters are seeing this artie's alice hebert takes a closer look at this high stakes battle for the world's currencies. there will be plenty of soul searching at this g. twenty for the south korean capital it underlines its economic but there are may just spots to iron out as countries circle the wagons while others try to cool the schulze then there's the problem to the north. this year's g.
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twenty is being billed as the financial coming out of bend to south korea proof of just how far the country is common the nearly sixty years since the end of the korean war once poorer than its northern communist neighbor it now boasts the thirteenth largest economy in the world north korea may just four kilometers north of this freedom bridge and demilitarized zone but economically the two are worlds apart the threat from the democratic people's republic lives particularly large and solace in taking any chances with security forces on high alert but it's another conflict of the g twenty leaders minds the outbreak of the so-called currency war the us lead the charge accusing china of choosing world trade by also officially giving its currency it was the one to be posted the united states is going to try and saying we want you to commit economic suicide just like japan did we want you
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to follow the same thing we want you to revalue their currency we want you to squeeze your companies we want you to go bankrupt or you can imagine what the chinese are saying they're laughing they're thinking you know are you guys and yet washington stands accused of allowing its own dollar to twiddle wallinger merging markets whose own currencies are rising strongly and damaging the export competitiveness complaints intensified after the third reserve announced a second print run of six hundred billion dollars the quantitative easing designed to get cash flowing but with other economies warry will flop their market russia's president medvedev wants the summit to agree that when countries that like the u.s. take big steps to save themselves that they consider the ripples it causes to get permission from the g twenty first the russian position is that we need more coordinated a broad we don't want surprises from partners. we want. a more
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intensive. and central banks finance minister. and this can lead to great some stability in the markets among other leading critics of germany the world's fourth largest economy its finance minister calling the us helpless i don't think the u.s. is making its case any stronger through the measures that is taking through printing dollars to weaken its own currency because that looks far too much like a competitive devaluations four hundred european countries see it as a dangerous move because what it could do is increase the capital control around the world but that's not what barack obama wants to hear the president's call for germany along with china and japan to rely less on bad dominant export markets and spend more who is calling on death is the truth is that no one is happy with today's international monetary system especially the dominance of the dollar
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as a reserve currency and america's management of it and what business leaders want the g. twenty to realize is that nations will have to fight their natural urge to try and protect their own countries trade and should boost foreign investment i listed it r.t. sells south korea but economist max fraud wolf told r.t. that american military policy looks like washington is trying to tackle its financial woes at the expense of others. it's absolutely true that the united states of late has made don't mess to clean self-serving policy that was short sighted and that did not consider the rest of the world even though it's a well known fact that if the united states undertakes actions like quantitative easing that decrease the value of the dollar this can have negative and severe round occasions in terms of global money supply and the value of other currencies and it could look reasonably in some cases like the united states is trying to get out of its economic trouble by exporting that trouble to someone else in the death
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so that sort of disaster of two thousand and eight and early two thousand and nine we did see a coming together with russian and brazilian and german and japanese and american and french leaders and british leaders coming together and trying to do things carefully so that each country could push its own situation up without hurting anyone else as soon as we began to see a recovery very different recovery in different places lagging in the united states we began to see this sort of every man for himself scenario and what these g. twenty meetings do is provide an opportunity for us to all get back on the same page or if they don't go well and it looks like they're not a real highlighting of just how different uncoordinated the policy is with the united states going its own way and setting a potentially dangerous example for other nations around the world to follow in the coming weeks and months. police in the u.k. have launched an inquiry into how the force handled wednesday student marches which turned violent riots broke out among tens of thousands of students who took to the
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streets of london protesting government plans to slash education spending which could see tuition fees travel while struggling to reduce a large budget deficit ruling coalition is facing unrest over the deep cuts required to tackle its massive debts. ports. social unrest in europe has spread to london what's thought to have been up to fifty thousand students from all of the u.k. protesting a the having to pay three times as much for their university courses while education spending is slashed it began peacefully but descended into a bra it as tempers boiled over outside the headquarters of the ruling coalition's main party the conservatives protesters burned banners break windows and storms the roof throwing projectiles on to police. witnesses in demonstrators were divided as to whether the violence undermined their cause i think this is
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a reaction. of restraint by government who is acting in an extra constitutional manner stop this once well first it's that's what we dismantling the whole. situation is to support the roadways the peace process during previous choices that . i try to reach with also vented at the coalition partners the liberal democrats fate promised to phase out fees completely in a pre-election pledge for the students it's a u. turn too far as they told politicians don't make us pay for your mistakes i promise is it true it should be as will be increased have just been wiped out you know the government claims this is necessary to help the economy whatever we know for a fact there are many other ways you can help including try to have the right to be around children i did not. generation which is the baby boomer generation benefited from education. which was then perceived as a public good and that's. why it was ok but education cuts are just
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pulse of the painful hauled up britain's spendings being slashed by up to a quarter across the board health care defense and benefits for the less well off yet money to pay for the european union will rise next year prime minister david cameron is promising he won't spend more than the extra seven hundred million dollars earmarked this in the e.u. budget negotiators says that's not true it will be closer to a billion cash which critics say is money down the drain. we're sending forty eight million pounds a day forty eight million pounds a day to the e.u. i mean that's a huge amount of money i mean you know our cases are going to pull out or least have a referendum and so on and pulling out would be say when that's all money we can you know we can look at all sorts of other you know savings and all these vicious cuts that you know that cameron and clegg are bringing and what's likely to make
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britain's cash strapped taxpayers see red even more is that for the sixteenth year running e.u. auditor's have rejected the books saying over ninety percent of accounts have irregularities from awarding dodgy farming contracts through to rampant inefficiencies when the us tears the measures were announced last month that it seemed to be any tangible response from the british people and that may have slowed the government into a false sense of security but protesters laying siege to conservative party headquarters don't think they'll probably find god so we'll do it. while on the way in the program left right left thousands of young americans fighting down start some veterans say youngsters are being. tried and government is not true nor does it take. and officials in russia's republic of chechnya are cracking down on ancient traditional language making they
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say goes against islam. now for some more news making headlines around the world. the un says israel's easing of the economic blockade in gaza has had little effect on people living there certain restrictions on consumer goods were lifted but many still remain as well as a near total ban exports the blockade was imposed in two thousand and seven but was eased in june of an international pressure after israel's attack on the twenty eighth or to the. iraqi m.p.'s are meeting to finalize a deal which will end the country's eight month political stalemate after taking the longest time ever to form a government prime minister nouri maliki will return to power for four years under the new agreement which includes all parties the deal comes after three days of wrangling between shiite sunni and kurdish political rivals it's hoped it will help stabilize the country's financial situation which has deteriorated amid the
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deadlock. the death toll from cholera across haiti has risen to six hundred forty four as aid workers fight to contain the spread of disease in the capital thousands of people with cholera are in hospitals across the country with fears the epidemic will spread because of the water supply being contaminated last month american millions are now said to be at risk of catching the disease. as america celebrates veterans day the number of its troops heading to overseas wars is on the rise but so is the number of soldiers refusing to fight the desertion rate among the american military has shot up three fold oxys long list maton iraq veteran who couldn't take anymore war and says others don't have to either. autumn in new york the leaves red and yellow reminders that seasons change green becomes obsolete for people to meet sergeant sure rove first name out this u.s.
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army all formerly and now but there are vets who are anti military i'm one of them you know there are vets who are anti american specifically because of what they experienced and i'm one of them he keeps moving forward as a college student and activist trying to create change. because he can't turn back time i came to that conclusion that personal conclusion that we were actually not just we hadn't just made a mistake but we were and continue to be in violation of the law to wage the war in iraq that i said it is imperative that i not go though mathis took the military head on resistance even if more quiet is becoming more common since two thousand and four the number of soldiers who have gone a while in the u.s. army has gone up two hundred thirty four percent according to an army report i would say it's an extra quickly linked to the wars in iraq and afghanistan to repeat deployments to even abuse within the military realities perhaps not told to
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young people when they enlist they use a lot of different underhanded tactics to recruit youth into the military here you can see for some of those efforts we already have n.b.a. basketball game behind me the west point military academy drill team is performing because it's military appreciation night sponsored by the u.s. army and it's also student rewards night where students as young as grade school have been given free tickets to the game. so it's also a recruiting opportunity is what we like to call this kind of community relations if. it is to compete with putting a pin as well as outside a souped up humvee welcomes kids from this poor new york suburb. off their bus the pretty awful hopelessness of virtual reality and video games market flying drones going into battle and firing weapons you know they don't. you know feeling suicidal
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again today a video game inside g.i. johnny draws a crowd and of future soldier train or game as it's called imo if you just hold your draws a new recruit who recently enlisted you praise you. have never shot a real gun nor have the math this is nothing this young man knows will prepare him they say your travel the world and you'll meet interesting people do is really going to be basically. these promises are sold but something's missing they never address the brutality they always leave it out they just they just say oh you know what the military is like you know you knew you've played some shoot em up video game one time but war isn't a game and the us military experience doesn't fit into a halftime show and looking from a veteran on the other side of it this was mild across a jacket to a soldier about to embark time almost stand still i was going to do something but
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seasons will change and time minutes soldiers will keep marching on lauren lyster are to new york. of course we've got plenty more a few to discover on law i think the blog speeches and videos takes point just a click away at. reconstructing the russian capital dorothea's reveal their strategy to beat traffic jams new plans affect public transport. details on the city's transformation. also on the line moscow metro has been described as the most beautiful in the world it's also that this place music explores the sounds of the underground these musicians.
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women in chechnya are said to be scared of leaving their homes as many are kidnapped and forced to marry someone they don't know well thirty's in the southern russian republic have condemned the practice implementing laws and fines many women still live in fear of t's office on other which over reports. it is the moment of families torn apart the church and bride to be happening here remains a ritual rather than an outrage the man simply chooses the woman he wants and forcibly takes her but the kidnapping of one young girl called him on one terribly wrong. i knew she went shopping. we had it a good outside and saw her being kidnapped yes she was shouting we saw it on. the kidnapper his accomplice grabbed him on jumped into a car and sped away but a short way down the road they crashed into the truck. a young girl.
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when they were driving here they crashed in the old. also there was an awful tragedy the car was just a piece of metal you couldn't tell what car it was. some say kidnapping brights ones and occasional blood religious leaders in chechnya strongly disapprove and no laws have been brought in to curb the practice because the it is as i'm able to go to the koran chechens never had such as this is forbidden in islam every friday i say during the. this is for meaning it's a scene. and those who commit it will be punished as doing this life and on the judgment day. the girls who have been kidnapped relevant this matter to a courtroom as such case may be considered it is grace bible or but they never forget about it is on the one sunday experience forty years ago should have to shop and was heading home when it happened the news they weren't taking me away and i didn't even know who was kidnapping me it was several men in the car and i knew no
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one only on the second or third day did i find out who i was telling the whole. reason remembers the day she spent not knowing what was coming next lost and frightened she had no choice but to stay with her kidnapper whose youngest daughter was almost her. rage two months later resign or ran away but her life was changed forever with the witching but this really is the big tragedy because your life doesn't belong to you when you long to come to mend it almost if you were kidnapped girl in if you spent two or three days there and returned home you're not considered a grudge and you belong to someone your so there were a few but now trichoniscus and tough on the practice with the new laws. i think this last falls a global issue i think many families where girls are brought up to feel themselves more secure probably have a love like a lover's will face a prison sentence and have to be oversold or stolen dollars in fines to the girl's
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family even religious leaders forcing a girl to marry her kidnapper will be punished even though their appeals to restore all support bills intention are yet to see whether the old plantation has been ended only on paper or on we owe it to. our team from crossly. well staying with the caucuses and some good news for the region that. six tell us more about that shot that's right if the new government scheme is being put into place to ensure a steady inflow of foreign investment into the area we'll have the details later in the program but first this hour the russian president dmitry medvedev has called for better access to mystic and foreign capital for small and medium sized businesses to spur global economic growth speaking at the g. twenty business forum in south korea innovative said banks may need further encouragement to work more actively with s. and needs russia will urge the group of twenty policy makers to remove barriers to long term investment in developed countries to help emerging economies counter capital inflows according to move it is
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a brokerage proposal would offset the money flooding into emerging markets by creating an all incoming flow of capital to industrialize nations. gas problem with a supply of no less than ten billion cubic meters of natural gas per year to south korea starting in five years time the present russian supplies to asia just liquefied natural gas in modest volumes but plans a little over to the region as much gas as it sends to europe to china per corporate reports. asia in poor it's just one twentieth of the gas that russia supplies to europe japan india and south korea receive a billion cubic meters of liquefied natural gas from russia by tanker but their reason for growth visiting small head of gas pramod like say miller sees these market alone expanding by fifteen percent within the decade. in our korean partners are interested in increasing the gas supply into the korean market and
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today we've agreed with the coal gas company on the fact that we move to the next stage of negotiations gazprom is also in talks with china as ever the sticking point is prize gas consumption in china is expected to balloon to two hundred billion cubic meters a year offering in new export markets for russia but analysts say russia should keep its western gas fields for europe and supply eastern consumers from annual tap first of all we must think about the result for the action spot of frustrates very important us because we know that the future for us in this industry in the east part of russia not in the west part of russia because of production on the. west sea fields and there is also very simple to us with of the new market and we have the new fields which are not far from this are what is the key to winning the asian markets is such an island in the far east holding vast hydrocarbon reserves gas
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from is accelerating its second three gas project to come on stream by two thousand and eleven if you have any form of business our team. next a new government scheme has been put into place to ensure a steady inflow of foreign investment into the caucasus region an exclusive interview with ality presidential envoy to the north caucasus federal district i have flown in explains the government's plan. from next year the government is ready to offer a guarantee to investors it's not means that if they invest money the government of the russian federation will take on risks to the tune of seventy percent of the investment value and the remaining thirty percent should of course be taken on by the investors and the banks involved in. the amount of the government guarantees secured for the following year is equal to fifty billion rubles which is a very serious commitment to save the investor from any risks that might arise in the caucasus region. and you can catch that exclusive interview with a foreigner in full on saturday. see how the markets are forming in.
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the open for trade and he's climbing so far with all the main players making steady gains as a loss in was a session where both the bosses close in the red with the biggest loser on the life x. and then three percent lower and over in a just the markets are shrugging off forecasts of a rise in inflation with energy and financial stocks among again this saying it's gaining more than one percent in japanese shares of cloying tokyo as a weaker yen for five to exporters lifting the nikkei slightly. compulsory fire insurance may be delayed for another two years according to one of the country's leading insurance in september president dmitri medvedev called for mandatory fire insurance for every home off of the sun was devastating wildfires but the general director says negotiations alone will take two years. but they.
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are only talks on how to implement a mandatory fire insurance in the country when your we talk of insuring apartments means insuring liability when we talk about countryside and this deals more with property insurance the states hasn't made its decision yet i think talks will go on for at least two years and the implementation of this law in two thousand and thirteen reve in two thousand and fourteen in the coming two years it won't affect the recovery of the insurance sector. and finally russia's economy could grow to an annual five point three percent in the first quarter of two thousand and eleven according to a report by renesas capital the russian investment bank said the economy could grow next quarter at the fastest pace since two thousand and eight as government spending rebounding consumer and bank lending continued to spur coverage but when i did say the total g.d.p. growth expected for this year would only be a disappointing three point seven percent. leisure update for this hour we can
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with max cause or for a no holds barred the global financial headlines kaiser report. is just a parliament building in. sixty five years ago. it was the final target of the last major offensive from the red army. its country became the symbol on the fall of the financial system no. victory over nazi germany. the following. morning news today violence is once again flared up the film these are the images
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the world has been seeing from the streets of canada. today. i know you're with dottie the main stories we're covering this hour now soledad hosts a meeting of. the group of twenty gathered for today's summit to talk about the economy and crisis prevention hot topics up for debate horse trade recovery and currency wars. bonnets breaks out on the streets of london students protest against
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the high contribution fees on the government it says has broken its promise its demonstration resulted in dozens of arrests. of attentions down the phone turn of events. and selling a fantasy as the u.s. pulls out all the stops to recruit soldiers and some veterans youngsters all to me under false pretenses they claim video games and i'm going to train you got to keep it for. many to see it become disillusioned. now republican victories in the recent u.s. midterm elections have highlighted the growing dissatisfaction with the current government the country's economy is ailing and petitions a crushing of the domestic policies. to democrat congressman dennis kucinich about the mountain of challenges facing the united states.
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