tv [untitled] November 12, 2010 5:00am-5:30am EST
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first half of next year i was hit it says in the south korean capital with more details on the gathering. the talking is now way over here in seoul the g twenty leaders have managed to draw a veil of consensus over the weekend of bickering that's really taking place over this so-called currency war in the related issue of global trade imbalances that's really dominated discussion here but leaders have amounted to agree to a final communique in which they pledge to in tools tighter financial regulations and develop early warning indicators to head off future economic turmoil of this of course in the wake of the looming debt crisis taking place in alignment but here in seoul a g twenty finance ministers agreed to work on a set of so-called indicative guidelines is only to identify economic imbalances and actions that can be used to rectify that this of course something that the u.s. has been pushing for and something that president obama reiterated in his final
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press conference he said that exchange rates must reflect economic reality however the absolute details of those indicative going to lines will only be thrashed out at the beginning part of next year there was also agreement here to reform the international monetary fund to get a merging monkey it's like a greater voice of the chief full of the eye of f. is actually hail these changes this historic and it will mean that china ranking there will be a vote from third to six the place and they could all make a deal that we were expecting to happen between russia and japan has actually been pushed off the japanese side refused to sign it off to a recent visit by president putin said of two more japan in regards to disputed kiddle omens talk us through what's happening greater detail i'm now joined by a professor of finance and economics at trying to university donald green many thanks for joining us here on the see the final communique was it what you were
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expecting twenty. but talk shop for coordination in economic policy and when you think of what individual nations focus on when they set their economic policy they focus on what's important domestically the u.s. is focused on raising employment. china is wants to continue its progress through export led growth but this so this form of the g twenty is is really a means by which individual nations are forced to consider the implications of what they do domestically for the larger stage for the global the global scene and every comment on the communique that has come out this afternoon as has addressed this particular point saying we are thinking about strong stable balance
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economic growth and we are nations our individual nation whether it's president obama or prime minister cameron or from my own country prime minister harper they they make these statements about commitment but when they leave tomorrow they will go back and focus on domestic issues the tough part is whether or not they will stick to their commitment to also consider the international the global implications of whatever economic policies they bring one of them the so-called currency with the stuff on the that we've seen between the u.s. and china we haven't really had any news when told that they sell my says not a surprise to you. well it's not a surprise this is not the place for china to announce its economic policy this is this is a forum where the united states will continue to badger or hector the chinese about their exchange rates but no i never expected any major progress on that front and
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i'm not surprised that there was none as as has. come forth but on these global imbalances it's as if the global leaders are beginning to understand international economics better than they had ever done before it's because they are discussing it and i think i think that's an important. feature of the g twenty me go see a shoes or deliberations or discussions call them what you will be the leaders come and they and they hear directly from their counterparts in other nations what are their major concerns and we are not party to the private discussions we have a rather bland communique or a communique that that that comes out and says you know all fellows well met we are going to push forward but the fact of the matter is. this is this is a talk shop on policy and it's hard to hard to hold them to very very strong
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significant commitment to make a professor donald pre-menopause those thoughts at that is all we have time for from the g. twenty summit here in a solo we have now had the final communique that's been induced by well of leaders here so until now the next time that these the does it needs to have to wait to see whether these words do read translate into action. what i say but they will russia's finance minister alexei kudrin has spoken about the dangers caused by countries trying to gain competitive advantages also officially keeping the currency is no where you can watch out for an interview with him at one thirty pm g.m.t. but has a preview for you. i don't wish to i think this problem may get worse if some countries will strengthen for example the ruble by weakening their own currencies and trying to gain competitive advantage of course it can force other
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countries to use different defense measures with tariffs or import restrictions so we need to find a common path without mis balancing the interests of different countries. terrorism and inciting unrest that's what human rights activists working with palestinians in israel are being accused of the country's interior ministry says many international n.g.o.s present a threat and has withdrawn their permits forcing them underground critics say the organizations are suffering for simply doing their job. they're the visitors israel doesn't want activists from around the world who come here to photograph and protest palestinian suffering will most of the n.g.o.s only bring more fuel to the conflict make it much more harder to solve the conflict bring more hate to the conflict and they have huge he kidnapped the terrorists
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human right which is why from the beginning of the year the israeli ministry of interior started withdrawing work permits from international n.g.o.s oxfam save the children and medicine some pontiff have all been affected everybody who voices a pro to the end of year anybody who supports justice propels the ends and palestinian refugee is is an enemy of israel and says pro quo a terrorist i simply don't buy don't think there's evidence that someone in tears say they have no choice but to do they work illegally emily's origins are palestinian but she can't live here because she can't get a visa for a while she managed to evade the israeli authorities by leaving and returning every three months and lying to them that she lived in jerusalem but they eventually cautioned on and have given her one month to get out the more visas you have in
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your passport the harder it gets. getting from initially it was more being overwhelmed than any understanding you know which borders to you is how to speak you know how to talk to the soldiers what to say what not to say n.g.o.s monitor is an israeli organization that tracks non-governmental organizations working in the area its staff won't speak on camera but they haven't shied away from writing on the net. this website accuses several charities working in the west bank and gaza of having links with terrorist organizations here it says that the palestinian children's welfare fund owns a hate filled with site dedicated to the glorification of jihad and the denunciation of israel there has been no evidence whatsoever and no cases that anyone's heard of a people in n.g.o.s committing any kind of violent storms on stones in the grenades i'm on i.d.f. soldiers and who is helping them you see a blonde girl from switzerland who i don't know were eighty mormeck spin in gaza
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for six months and plans to stay six more he's a volunteer with the international solidarity movement which israel claims has terrorist links they therefore won't let him cross into the west bank he's a human rights groups that are credible throughout the world and yet they are being stopped from entering many times in i mean the un report richard falk was stopped from entering so this stretch is up to the united nations for many n.g.o.s the challenge remains how to draw attention to the work they do without getting kicked out of the country many israelis continue to question the work they doing in the first place policy r.t. israel. there's plenty still to come for you this hour including. has introduced reforms banning the practice of bride abduction with all standing traditional marriage making which not only goes against islam and also cost to women. there are claims that last month's yemen bomb scare was all
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part of a publicist a stunt by american intelligence and security services to sway public opinion before the midterm elections explosives were said to have been found inside toner cartages on two cargo planes heading to the u.s. now some reports suggest that weren't in fact any bombs on board a tall message of journalist wayne madsen says the media u.s. custom to stories like this popping up before voters go to the polls. well i think we have to look back at past that a sentence for example the underwear bomber flying to detroit from amsterdam who was allowed to basically board the plane no questions asked we had the times square fizzle bomber or something fizzled in times square in the and the guy was sitting there waiting to take off at kennedy airport and when the federal agents came in he said i've been expecting you what took you so long i mean here's another case now we're being told that this u.p.s. cargo flight was either going to blow up over new jersey new york maybe upstate new
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york maybe pennsylvania and maybe canada it seems like once again we've gotten one of these stories that may have been engineered prior to the election we're always sitting here in washington waiting for october surprises before major elections and this may have been another october surprise i think we've seen skepticism from the government of god or from yemen from the united arab emirates i think we're going to have to wait to see if there's any some real smoking gun evidence that comes out right now it's all very anecdotal and can conjecture all at this point i mean that's without some other international news in brief this hour iraqi leaders have ended eight months of political stalemate by supporting that we have a point. but coalition that. walked out of the out of that she said protests before the vote they claimed other political. promise to polish and we went on to say the action underlines how fragile it is
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likely to be. an attack on an empty terrorist police headquarters in pakistan's largest city of elevation is that twenty dead. taliban fighters who claimed responsibility and exchanged fire with offices of the station to detonate massive bomb becomes a day off the same to the west and seven want to to the. inner city blast took place in the evening rush hour in pakistan's commercial capital. the government of iceland is investigating whether the us embassy is behind us that the citizens inquiry was open to three other scandinavian countries don't similar probs u.s. officials say no espionage is taking place but the embassy does have a counter-surveillance program to deal with potential threats they claim security was tightened often before the attacks on u.s.
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embassies in africa in one thousand. church near has brought in new laws to try and stamp out the practice of many kidnapping their brides to some it may seem just a quaint custom but for the women involved it can often be traumatic. discovered when a kidnapping goes wrong it can even end in death. 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 down. we had a good outside and saw her being kidnapped yes she was shouting we saw. 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. stolen
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a young girl. when they were driving here they crashed in the. 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 brides ones and the cook asian blood religious leaders and churches strongly disapprove and no laws have been brought in to corrupt the practice because that is as i'm able to go on chechens never had such as this is. every friday i say during the. this is from appealing to senior and those who will be punished as doing this life will end on the judgment day. the girls who have been kidnapped relevant this matter to a courtroom as such case may be considered it is graced by the lord but they never forget about it is on the once or the experience forty years ago should have to shop and was heading home when it happened the news that when taking me away and i
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didn't even know who was kidnapping me it was several men in the car and i knew no 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 last and frightened she had no choice but to stay with her kidnapper his youngest daughter was almost her. age two months later resign or ran away but her life was changed forever the witching but this really is the big tragedy because your life doesn't belong to you any longer you come to mend it almost if you were kidnapped girl crying even if you spent two or three days there and return home you're not considered a large and you belong to someone said the woodruff sure but now tradition is getting tough on the practice with the new laws. i think these laws for the global issue i think many families where girls are brought up who feel themselves moosic you are probably a right good lovers will face
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a prison sentence and have to face over certain southern dollars in fines to the girl's family even religious leaders forcing a girl to marry her kidnapper will be honest even though there appears to be a strong support goes interest now yet to see whether the old plantation has been ended only on paper or in reality to us on the record so far from crossing. that we've got plenty more for you to discover online including blogs features and videos is a taste of what you can find right now tottie dot com a russian that prisoner has devised an unusual method smuggling drugs into jail by training his feeling friends learn more about how her and devious thought they'd come up with a perfect crime authority dot com. also on the ugly side of beauty while fake those metrics may be cheaper the real price to pay for using counterfeit makeup could be much greater discover why looking and smelling good can turn out bad. on our website or to talk.
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next we have an update from the business summit and news that russian vodka is getting stronger we are on the start of a if not an alcoholic on top of it market share those reports welcome make the russians done the greet him princeville by ukrainian rival numero if we have more details on this later in the program but first this hour the group of twenty leaders have delayed until next year any efforts to deal with trading currency imbalances well titian's meeting in south korea failed to reach agreement on key issues which could affect the recovery of the global economy instead they were many watch for signs that countries are artificially deflating their currencies who would take no action reports on the divisions in seoul. reports of
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raised voices behind closed doors contrasts sharply with the image of unity two years ago then the leaders of the g. twenty studio united in their efforts to avoid an acid crash turning into a global depression now member countries are divided on key issues the last g. twenty meeting pledge not to pursue currency wars since then the u.s. and around six hundred billion dollars of stimulus to drive down the dollar in this conflict so there's no problem leads to a more volatility of the. exchange currency market. i think but this is. a bet for the world economy even former us federal reserve chairman alan greenspan stepped into the fray saying that the u.s. should not devalue its currency the move has divided emerging markets brazil condemning russia welcoming a new wave of capital inflows russia could actually benefit from that emulates and
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it is a different situation to the other say so-called bric countries russia has not had a substantial amount of capital inflows in the last couple of years in fact quite the opposite flaws in the last two years total almost two hundred billion so it actually could do it reversing some of that in taken some money back a proposal from the head of the world bank for a new reserve currency met with silence in contrast with a desire in two thousand and eight to create a new world financial order on trade the g twenty is also struggling to get the world's leading manufacturers not just to sell goods but to buy them as well along with china germany opposed a u.s. suggestion of targets for cutting exist trade imbalances one ray of hope however is that all leaders did agree to avoid protectionism. michael could change business r.t. . and during a meeting with russian president dmitri debated british prime minister david
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cameron has revealed that many british companies are interested in russia's high tech skolkovo a member of the british dedication of the g twenty summit said that despite their own desire to develop a similar project businesses were ready to invest in innovation so. session will proceed is the degree of timetable for an overhaul of the global banking system so the taxpayer does not pay for any future banking collapse the financial stability board of bodies or g trangia reputation regulations says its report on banks which a true big to fail would take years to. come to have a look how long it's of woman down here in russia they're falling into the red for the second day echoing global trends because one of the top loses shooting two percent in the o.t.s. . and european stock markets have dropped sharply on the i have been to fresh worries over rate hikes and shares tumbling in shanghai his words of auden's debt levels rattled investors so that see is down eight percent this hour and it's
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a similar story in asia stop wall gets the problems here don't concern china might further tighten credit and fears about europe's debt crisis hung say is almost two percent. the news in brief three in ourselves post if the call to net profits of twenty nine million dollars and that's down from thirty five percent. the world's second largest the company cited rising finance expenses as the main coast to remain positive as global metal continues to grow. russia's secret state tame shipping company so called for says it's planning an i.p.o. next year the third may sell one fourth of its shares of halting to receive funds going towards the federal budget the other holes being kept in the company analyst estimates to be worth between three to four billion dollars and said the i.p.o. is most likely to attract foreign investors. to precious metals now and good news for a foreign gold mine is russia could lift some restrictions on gold mining in the country
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the natural resources ministry plans to lift the threshold for state owned deposits of copper and gold it means foreign companies will now be able to exploit deposits of up to two hundred tons before their declared reserves the precious previous threshold is just fifty times that made gold mining in russia impractical for foreign companies as the head of gold to mccutcheon explains. you start with something smaller sort of becomes big now what does the government come by and see if we have a commission has to decide whether you can have or not and you say wait a minute i've already spent you know one hundred million dollars on this thing and now you tell me i don't own it. so by having that risk removed. just the risk of you know whatever happens to be the fewer there are the better and by having the barrier reef that the two hundred tons it helps remove a lot of those risks. the value of initial public offerings by russian companies
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could joe to twenty eight billion dollars next year the highest since two thousand and seven. capital one reason the may take off is the recovery in russia's benchmark investment indices they've regained the bulk of a record decline caused by the global economic meltdown key sectors a mining chemicals and retail industries sales of half expect or expect to twenty billion dollars the sale of stakes in state come please respect to raise another eight. can respond more stories on our website r.t. dot com slash business.
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rights groups israel lobby forced underground does that permits a withdrawal of accusations of. a washington reporter. paul. said. before the midterm elections. coming up next our special report looks at the red operation which freed europe bringing with it the fall of the nazis. berlin the rushed up to germany's parliament it was right here the final flight.
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