tv [untitled] November 18, 2010 10:30am-11:00am EST
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here with our team it's time now to have a look at our top stories for this hour president medvedev and after doing the job discussing drugs and nuclear ambitions matter the first time since moscow back in the west sanctions against tehran they talked to the sidelines of a summit as are by john where five nations are mapping out their claims to the caspian since and there's a new source since. president obama is pushing for the key our production deal with russia given the go ahead by call first before the end of things. republicans have
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made gains in the midterm election after the president has a stall with. questions raised over america's justice system as russian businessman victor brooks says he was pressured into confessing to charges of god's wrath against terrorism he insists he is not guilty it is now in a new york prison after being extradited from. global heavyweights have been working to find a remedy to the world's economic strife that forms in the asia pacific region now to discuss the situation with no obvious solution archie caught up with author and journalist donald kirk to hear his views. how best to restructure global financial institutions like the world bank and the i.m.f. to better reflect today's economic landscape that's the challenge facing world leaders and businessmen and as tensions rise over the ongoing problem of the
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so-called currency war and the related to seaward global trade imbalances raising the risk of a move towards protectionism the pressure really is on to talk us through some of these challenges i'm not very p.c. i'm joined by correspondent from the christian science monitor. many thanks for being with us. mr kerik now we are in the midst of what's being dubbed a currency war with the u.s. and china really at loggerheads each accusing the other of currency manipulation do you think that there's a way out of this and well maybe a way out of about i'm not. certain that we're going to get out of it any time soon the g. twenty summit did not come out with any real consensus on currency balances they certainly came out with strong resolution that it's not good and they said volatility is not good and all this other stuff is not good but actually agree on
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a way to on the way to resolve it aside from recognizing the problem and saying yes let's try to resolve it and then of course there's also a. issue of global trade imbalances do you think the u.s. is justified in asking export having countries like china and germany to curb their reliance on exports in order to to rebalance trade equipped well you know i don't know if the u.s. is justified but i will say the u.s. has a terrific trade deficit and the trade deficit with china is just enormous you know it's like trying to export several times as much as the u.s. next. to china and so you know from a from an american point of view the u.s. has got to do something about this obviously the u.s. has to take care of a lot of domestic problems its own problems its own internal problems no doubt about that but they also have to lean on exports to raise the value of their currency to more realistic levels and as president obama pointed out quite frankly
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in his press conference china intervenes heavily in the market to keep the you want to keep the renminbi that you won at a lower rate than it really should be so you know. the u.s. has to do something and they've got to they've got to improve domestically and they've got to try to improve they've got to try to slash. you know surpluses of other countries i can't blame the us for for behaving that way and we don't want of this school pulling going on they do you think that there really is a danger that countries might be considered a call to the rain if you like can see you at protectionist policies i think there's a real danger of that and the danger is not just countries elsewhere around the world of the dangers of in the u.s. the american congress might get protectionist if this goes on they're not going to get protectionist right away they're not going to get protectionist next year the next congress is not going to be protectionist but over the years protectionist
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sentiment could certainly build and finally the congress would say ok keep out all this foreign stuff you know that's. all these imports i'm not saying that's good that that part is not good. in fact that's a real danger that's not a solution that's a danger but that could happen and also other countries could certainly respond with protectionist measures of their own a lot of countries already have protectionist measures one of one sort or another and where does all of that meet the if you're a free trade is something that wealthy just consistently state it back to but we see we've been told much for waves well i think free trade is. is in danger here. you know will we see a movie that's part of what this g. twenty was all about to encourage free trade to bring down some of the barriers to encourage countries to take a more open position and to do something about their overvalued their undervalued currency and so forth and you know that's that's what this kind of talk fest is all
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about but there is a danger free trade is that is in danger here and how would you gauge gloop reaction to that shock announcement we recently had from the federal reserve that it was going to impose on the second round of quantitative easing the six hundred billion dollars being pumped into the economy we have some partial christmas coming out from developing a call me saying that this seriously bored at home to markets but also from countries like germany right right that was a shocking announcement the u.s. federal reserve announced that it was buying treasury bonds worth six hundred billion dollars and this was on top of the previous purchase of treasury bonds worth one point seven billion dollars this you know is an invitation for the u.s. to print ever more one hundred dollar bills i mean what do you pay for the stuff with you know you know pay for by writing a check you pay for it and ultimately in the end you pay for it by cash and this
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cash star city world markets some markets are more volatile than others and obviously it's going to have an effect that while the world responds now the u.s. response is we have to do something to improve our economy to overcome our deficits if our economy improves that means your economy will improve because we'll be doing more business you'll even be selling more stuff to the us and we'll be buying more stuff from you so you know there are no doubt there are arguments pro and con but it was a shock and. i recall you know there are some people who are not quite as critical to us as others but i don't recall anybody up. us i don't recall anybody saying oh smart move i don't i don't think i don't think anybody said that there were some people who were not critical but they didn't they didn't they were not in favor either you know you mentioned that the relevance of the g twenty people here in seoul maybe felt disconnected towards the summit that they excited about and said
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how relevant would you say that this group is today and and how united is it is that still a consensus do you think among its members to really change the world's financial system well they're desperately trying to give that impression i don't think there is a consensus but they're trying they're trying to give that impression and they're not united i mean twenty twenty countries with so many from so many different issues and so different parts of the world and so many concerns going to be united however one significant aspect of this g. twenty was that it gave more more say considerably more say the what are called emerging market countries led by china which is you know the biggest obviously the biggest one but also including such powers as india indonesia was here saudi arabia was your turkey was there you know there were a lot of countries that were represented here there weren't getting any kind of representation before. substantively in terms of real action not just talking the g. twenty did in-doors the move by the international monetary fund the i.m.f.
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to give greater quotas to china to india to other emerging market countries to give considerably greater quotas to those countries and also to give them two more board seats taking away two seats from european countries something that we didn't really hear much movement on is not only going to bates but the u.s. dollar as a reserve currency and america's management of it what do you think that it would take the leading countries to really begin to see multi-currency. well i think they may be on the way to that some people think you want a chinese run the. might become you know a global currency if you were on the streets of america conducting interviews of people and you ask you know what i read and then be as they wouldn't have a clue you know absolutely no clue and you ask them what do you want it was they would know what you're talking about either i'm quite sure they would. they should
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know what british sterling is all about. you know a few other cars and they certainly heard of the japanese yen but you know as time goes on as the emerging market countries gain power and influence and as this part of the world soars economically you know not just china but korea you know japan they say is stagnant it was not really stagnant is a very productive country you know there's the g.d.p. is it may not be increasing as much as other countries but it's not going down either you know it's and it's a major world economic power so this part of the world is as if it increases in importance is there is a chance of the dollar may and as the dollar and if the dollar deep freeze. further there is a chance that other countries other currencies may soon may come to the fore and we'll have a multi currency system and i can't rule that out it's possible then maybe brabo. make it that interesting suggesting we have to be from the wealth bank chief. so
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exhausting we. go with the potential i think i kind of got to make way quite awhile for that to happen it's an interesting idea i enjoyed reading the article but. beyond that i'm not totally sure if it's ever going to happen or if it's just kind of a fun idea which with which he mooted and which we can all talk about but we don't have to take all that seriously many thanks for joining us here on good to be with you thank you. you know so many years is passed since former prisoners. are still a lot. as well this is for sure. though so many years
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of past. summer hoping to find the same. others change their executioners and i'm longing for justice. to so many years of past. memory is still mine. as well. as old country. like me mother did not live with her because. she was afraid. and she was very cold. she felt. i was frankenstein's monster. we don't have the problem. every time and effort is made on the palestinian or in the european saudi to negotiate an end to the violent attacks
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against israel which i have no fear of war call being cowards so long as you have no fear calling the leader of the state of israel one of the main terrorists in the world. we are supposed to be seriously examining history but you mention a few words about jewish culture labyrinth and people get so upset this is i'm sorry to say it's a form of emotional blackmail. they faced it this is not a provocation but a warning of. a full of shit and the second step is already issued
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a surprise victory speech they have no idea about the hardships to face. one it is this is a of them to this and for any army the life of a using them is the most precious thing in the world. years of self-sacrifice and heroism and with those who understand it fully you have to live a. real life stories from world will to the success of a true nine hundred forty five dot r t v dot com.
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the incentive to have an outlet in the drug discussed iran's nuclear ambitions might be met for the first time since moscow back to you on sanctions against iran they talked on the sidelines of a summit i was there by a job where five nations are mapping out their complaints of the caspian sea is energy resources. president obama is pushing for the key arms reduction deal with russia to be given the go ahead by congress before the end of the gear republicans who have made gains in the midterm election have threatened to stall their. plans for it's raised over america's justice system as russian businessmen and victor boot says he was pressured into confessing to charges of arms trafficking and
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terrorism he insists he is a doctor guilty mooches now with a new york person after being extradited from thailand. and our kate is here for all the latest in sports. and i welcome to the sports news live from washington and here are the headlines. time defeat dick out because russia stumbled against his former side as belgium in the international frenzy to you know. the all star a little messy grabs the ninetieth minute went out as argentina brazil for the first time in five years. says sorry spain midfielder fabregas apologizes to the phones all to the world and european champions were stunned by portugal. the start was little than would to god because russia lost to his former side as belgium want to know in an international friendly in one year if you don't meet reports.
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russia's friendly with belgium was a historic moment for iran is located five hundred kilometers south of moscow it's the first time this city of just under a million inhabitants has ever hosted a full international match the reason veronese hosting this game is all part of russia's plan to host the two thousand and eighteen world cup with a national team playing matches around the country interests running his mind has been co-author with all tickets having sold out weeks ago while there is a hotel room preparing for a lot of money and playing with matchmaker in some way to easing the pain of a wrong is as if russia wins the right to host the two thousand and eighteen world cup the city won't be hosting any games the billions haven't had the best of preparations for the game they were due to arrive in brawn years and choose the evening but were unable to learn due to fog and only ride five hours before the game even the full say it wasn't ideal we had and we hadn't slipped. into the tree in the morning so everything was always against us then later rival certainly
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didn't have a belgians as they would make an express starts after just two minutes visitors took the lead a seventeen year old role model kaka to full advantage of a bad mistake by ego i can theory if the score is first goal for his country and stunned the home fans. russia are enjoying plenty of possession but they were unable to turn this advantage into goals this dimia billionaire dino failed to make the most of a good opportunity on ninety minutes as he saw his curling shot go just wide and then midway through the half roman shishkin who was born in their own years and was making his first appearance of a national team in free and a half years stung the palms of chilled francoise gear those who were content to play on the counter-attack and they could have doubled their lead two minutes before half time break but look i was unable to find bailey who was totally armont continue to enjoy the lions share of possession of the second half and created a number of opportunities to wastefulness in front of goal was becoming
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a big problem for the home side. i don't some to free minutes for visitors would double their lead be impressive. manage the whole of the challenge of debates and speak to us in pubs illegally before firing pass for helpless i can think if that lever issue of a mountain to climb but substitute alexander block out of could have the devil said but he blasted over wastefully as belgium would ease to it to know when. i doubt if they were any positives in our game today we haven't shown a good before and but still it was a big day for our own issue and me being a year or two we'll see a club from the city in the premier league who will assign someone who's a we had chances but we didn't score probably because we like concentration it's an end of the season and we might be tired plus of course we committed to big mistakes in defense. and deserve one for belgium who got one over to cover cats who quit the red devils in april after managing them for only six months we didn't talk much about in the last glaciation but. over there in the it's always nice if you can win
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against a former coach and i will be but it wasn't a disappointing end to the year for russia who finished two thousand and ten with the defeats however the experiment to play in the run is was one of the few plus points as the crowd provided dick advocaat side with fantastic support brought the game which a bump off we don't see there on your show and russia's match as one of twenty eight international friendlies which took place wild wind was one of the most anticipated fixtures being into well you know messi scored deep into injury time as argentina brazil one million council to claim their first win in six attempts against the five time world champions both sides were playing to the managers and as their coach whenever there's as we called the thirty year old ronald a new for his first cap in seventy knots and the excellent pace was right in front and when first half is back safe from others across washington replied without missing shots that tips the outside of the post. was. i was asked not to said
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alex ferguson and cindy is a done but in the dying seconds of a quarter second half the reigning fifo world player of the year was not to be denied and struck his first goal in five matches against brazil to possibly substitute this incident that see the twenty three year old dribble past to defend those to the victor for great distances shot into the fourth one from eighteen odds to win it set up a task to stand. down meanwhile spain said assess fabregas apologised to the fans after the world and european champions were stunned poor move by iberian rivals portugal in lisbon the home side i think shortly before the interval of the great individual schools were christiane i removed i was deflected shots picked up most teams most of it into the mess and portugal doubled their lead just three minutes into the second half held across the get schooled his first on the night good morning and less than twenty minutes later the former top man found himself alone
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front of goal to meet the train and. then substitute to go on made up to full advantage of spain's depleted defense and injury time to see deserved the win for the hosts. while while the highlights the netherlands were on the winning side announced it down as they took on turkey led by former russian coach and that the sit in the match was decided after fifty two minutes following an error in the turkish defense commission into last would only go against the edge of the area one minute finished . and in a selection one stays out the result slovakia of the same year want to find group big with russia last three two times bosnia-herzegovina they didn't just go with one group together went on for an hour meanwhile full time well thought win as it's a major one long it's romania in phone germany the night at a dollar store in sweden northern ireland three one one attends morocco clogged with coverage of auckland just to want to get
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a small way along. provides sunstein to one witness everything when i went wild. meanwhile favre have suspended two executive committee members from voting for the twenty eighteen and twenty twenty two world cups after completing an investigation into allegations of corruption nigeria's amos adama was banned from football activity for three years and fined ten thousand u.s. dollars and when asked to marry from to haiti was suspended for one year and fined five thousand dollars over playing as they asked for money to change the world cup votes the twenty eighteen spain portugal and twenty twenty one cleared of collusion the ballots will proceed on december the second with twenty two voters instead of twenty four nine candidates across the two that. it's important for the future i mean it's it shows that within fifty we have a structure that you see committee which was appointed since day one to many to all the big process and the subjects committee has not only money told but major they
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have made decisions. sure that again i mean we give us all the tools i would say to ensure that what we are doing that we need the big it is today when you think about the people who would be coming on december twenty eighth two are to attend this announcement to make sure that no one will be able to. i would say to challenge or the way we run this eighteen month process. now russia's women's volleyball team a setting their sights on gold at the olympic games in london after winning the world championships in japan at the weekend team russia won a strolling final against brazil on sunday to clinch their second straight while title after winning all eleven games at the championships russia's head coach because you can admit to their fans would expect his side to repeat the success in london in twenty twelve but he remains philosophical about his team's chances at the olympics. i would like people not to forget that this is a sport and no one in sport can be guaranteed poland's will come up stronger in two
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years but we only think about it any going to dish and include in their lympics i mean all russia's twenty ten world and european champions that will take part in the next summer olympics were invited to the kremlin by president dmitri medvedev who admitted it had taken him a while to get a medal count from this year after a series of good russian performances only international circus the russian president had been attending the g. twenty summit in japan while the women's volleyball team was also there and he began his speech marking their performance which has seen them win back to back while championships elsewhere and turned to ten russia won over seventy medals in u.s. disciplines including gymnastics wrestling and swimming president medvedev wish them all more victories and the support of their phantoms. yes to sure there is another very important part to success which is really talked about but it's very important for any athlete and that is the fans' fan support should not just be on
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the surface it should be based on trust because done considerable you might no matter if the athlete with his or loses it happens to everyone but even politicians . i was the eyes now and in the kontinental hockey league struggling or have given that campaign a boost by beating second bottom by a single goal so i thought they got scored the only goal of the game so that in the powerplay midway through the second period to give that side a one zero victory as in the other games of the day western conference need this. soft rock bottom that's a load another because that's a way. to say. and that's all the sport for now please join us for another update in just a couple of hours the weather and news headlines are next. hungry for the full story we've got it for. the biggest issues get
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