tv [untitled] December 9, 2010 5:00am-5:30am EST
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you can a little there to see don't need to go and. read this in the kernel was her job as a retreat. guys are getting much deserved bonuses and they want to celebrate bonuses and party and have a great time. there is a feast on wall street with record bonuses on the way billions are being spent on luxuries amid america's growing unemployment and soaring debt. and in the u.k. public anger of budget cuts grows with thousands of students expected to hit the streets in protest at a travelling in fees to go to university. also tackling the traffic of moscow's bottlenecks consistently ranking among the world's worst we look at how local drivers are learning to take advantage of the jam.
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coming to live from moscow marina joshie bonus time is approaching on wall street and to the anger of manny's the rewards are set to rise it's not just bankers bonuses going up so is unemployment across america thanks to the actions of those same financial institutions who were rescued with billions of dollars in bailout cash. look so where that money is adding up. next the sculpture thirty thousand dollars not the first floor thirty thousand to thirty two thousand if an artist were to illustrate something of today's new york city office at fifteen sixteen seventeen eighteen thousand votes nineteen thousand it may just be money bags twenty four thousand dollars to twenty six from you amid the lackluster american economic climate kristi's is seeing sunny days this painting sold for a little over six million dollars with over six hundred million dollars worth of impressionist and modern art sold this year thank you so since two thousand and
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eight we've seen an increasing return of confidence to the art market new york has once again become one of christie's selling sites sixty five thousand dollars what you like you would like to thank you just as wall street's wealthy and powerful. after you think you. are back to indulge in pampering at the la perouse spa at the ritz carlton involves wearing decadent hors d'oeuvres i recommend this skin caviar body cream cream costing more than seven hundred dollars for less than four ounces while the caviar facial costs more than three hundred we do have a very very very large corporate following so corporations will come in and get their employees coming at a time when corporate america is banking record breaking profits one hundred fifty thousand. for a tour. from choice to. business at wimpy jewelers has spiked but
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only those making top dollar can afford pieces with price tags that exceed the average annual income of three u.s. households combined expecting a very very busy time of year the more. business boost and perhaps my bonus is coming from one street where street the symbol of the finance industry the financial collapse and record breaking compensation one hundred forty four million a pair. about four percent from last year's record haul if anyone would know about business it would be we always want to make everyone happy here here at rick's cabaret happiness comes bearing lots of skin and beauty but it doesn't come free for an evening six seven eight thousand dollars three thousand dollars it's hard not to have a good time when you're surrounded by nearly no beautiful women who've seen a boom in business as wall street has rebounded and these guys are getting much deserved bonuses and they want to celebrate bonuses and hearty and have
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a great time from six cravings. to food cravings one hundred and seventy five dollar hamburger served up at the wall street burger shop and we still fellow. you know every month get him for ten ounces of seared gras age grier cheese and this is kind of where all the value lies this is a white truffles was a black truffle as well as gold as in gold leaf flakes to garnish off the burger there isn't anything that's really just to make it pretty. particularly pretty for financier's working for america's biggest investment banks where employee pay is expected to average how the million dollars or more no such promise is here on main street were fifteen million americans are officially unemployed and u.s. poverty levels have reached a fifty year high forty four million people ironically that figure marks new york
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city's most expensive residential sale this year a seven floor fifth avenue mansion purchased for forty four million this as more than two million homes have been swallowed up by foreclosure in two thousand and ten still. in this so-called rebounding u.s. economy. they discussed trying to purveyors of all things luxury are in fact surging while the majority of americans are left wondering when life will finally begin looking as pretty as the painting marina porton i and our team. terrence lente the founder of the trans research institute says wall street is back up and running and being allowed to leave the poor behind again the gap between the rich and the poor in the us is the widest of any of the industrialized nations wages are stagnant median household income is is below two
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thousand levels it's only a small segment of the top that has all the creed when you talk about those bonuses hundred forty four billion dollars those handful of wall streeters are the equivalent to a country that would rank forty nine out of one hundred thirty four countries in the world we've said it since two thousand and eight when the top programs began it happened in front of everyone's eyes wall street has hijacked washington. and all the way across the atlantic there's a second town from those being held by government cuts. there is a sort of caravan of despair that goes around europe. and more care how sturdy measures are driving a wave of protests this time of the take angry students are seeing
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a future of dad stretching the head of them. a payment processing company in iceland is planning to sue credit card companies who refuse to allow do nations to whistleblowing side we can fix these and master card have frozen the sites accounts we're going to founder julian assange is in a british prison awaiting to find out whether he'll be sad to sweden over allegations of rape charges dating back to august were originally dropped but there reinstatement has led to speculation the u.s. could be using them in an attempt to keep assad quiet some high profile american figures have even suggested the internet was a lower should face execution all because his side published secret u.s. diplomatic cables containing criticism of its allies but as independent journalist and the laws died in sydney says even if the sun is silenced there are others ready to step in. well i think the certainly being ruthless for a long time to be us government would like to get a solution so i want human wiki leaks i mean that's something that many of us in
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the state and he made the world fundamentally opposed and we're demanding a new strain in government provides for more support and resistance to those things if they happen one of the concerns that many of us have is that if extradited from sweden that he will face a political trial rather than a legal trial and we became just silence for a very long time on spurious charges so we very much opposed it i very much opposed that possibility but i think it's a real reach and the truth is that if you knock out. tomorrow so many also replacing the genie is out. investigative journalist and r.t. contributor wayne mattson says we can weeks has shown how freedom of speech is in danger in the us so we've got the door open pandora's box is opened and now we're seeing all the people with the agendas starting to make noise like
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calling for an investigation of the new york times for publishing the wiki leaks cables now i think what we could see is like we see in certain other countries licensing of people who have websites a massive government surveillance of everything we already know the they're considering the end of net neutrality well that's another that's another area we have to look at but i think the freedom of the internet is under a vicious attack right now. and if you if you want to know more about the effects so we can leaks revelations had around the globe you can always find out on our web site r t v dot com. including how the whistleblower website could unveil the secrets of the russian nato strategic partnership moscow's envoy to go to space difficult discussions and seize interview online. and barack obama faces
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a second year of lose of previous democratic presidents but whose example would you fall to mid term bill clinton or a one term jimmy carter think it's true that our. london is braced for a mass demonstration from sauza students so they are making a final attempt to prevent the british government from more than travelling the amount some will have to pay to go to university trade unionists are also expected to join in and there will be a large police presence after previous protests turned violent our students are wondering why banks get handouts while they pay more. another wave of protests is set to grip the ukase capitol on thursday this is crunch time for the student protesters as it's their final chance to make their voices heard ahead of the
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evening vote in parliament on increases in she wish and fees to university students they say it will mean a university education will become elitist a privilege for the few rather than a right for the many estimates of the number of people expected to march in london ranged between twenty and forty thousand and that's in london alone this comes against a backdrop of a europe in crisis as billions from national budgets goes to save banks and into the coffers of the european union after a summer of fancy austerity demonstrations on the continent the u.k. seen a wave of autumn process and so are its own demonstrations earlier this week as its parliament passed the toughest budget in irish history to secure an i.m.f. the e.u. bailout of one hundred fourteen billion dollars the feeling on the streets there is that ordinary working people and the less advantage to being made to pay for the
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mistakes made by the rich bankers and prophecy speculators one of the groups who resent this the most is the german taxpayer europe's largest economy is supposed to the bill for bailouts and e.u. excesses and there's a growing feeling amongst germans that it's not fair that they should bail others out of the action in london it's expected to take place around parliament's around a thousand police on the streets of westminster as protesters try to directly not be m.p.'s into voting against a fee hike but it's widely believed this would be the end of civil unrest in the u.k. if the fee hike goes through more people are expected to join with the students in what's already being dubbed a winter of discontent as the european people feel more and more they're being required to pay for the mistakes of a privileged super rich few foreigners reporting their jeremy corbin a labor member of parliament in london says wealthy speculators who are behind the financial crisis are still reaping profits. what we see is the end of access to
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higher education for people of average and below average incomes it's going to be the preserve of the wealthier in the future this is cutting of the color of society those that created this economic mess that we're in are the ones who should pay for it's a transaction tax a wealth tax a tax on the very wealthiest people in our society would help to close the gap there is no need to basically hit the poorest people in our society in order to pay off this debt in march in time you need a more sensible more rational more humane approach to the whole issue we're not getting that from the government at the moment i do however think that there is a sort of caravan of despair that goes around europe that denigrates people and an economy and then the very same people through the bond markets and making huge amounts of money out of loaning money to those governments so the irish bonds for example of being traded at nine percent at the present time way above the current
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rate of inflation or indeed anywhere in europe and i think that when all the conditions and all the sums and all the investigations are done at the end of this will see that in all this despair some people have made themselves very very rich later on r.t. max kaiser considers how to stop financial terrorist attack the world's economy. j.p. morgan and j.p. morgan are the fed that's part of the u.s. banking cartel jamie diamond is ben bernanke is dirty underwear. and ben bernanke gives jamie dimon a few billion fresh and if they don't then jamie dimon says we're going to crash the u.s. economy the global economy by not rolling over this junk diaper debt collateralized by baby poop and your old tire goble economy goes into the into the swamp about why is jamie diamond not in guantanamo bay right now being violated by black mortars zero never is down there walking on broken glass eating broken glass why was he
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allowed to roam free why was your double standard why do the people at airports have to have people from the t.s.a. stick their hands up their strength ring up to their elbow and then jamie don't want to walk around free is a bird i don't get it he's the terrorist. moscow is infamous for its miles of traffic jams leaving angry drivers fighting off road great power to six out of boyko took to the streets of the russian capital to find out how some lost his eyes are learning to enjoy their and less hours in traffic. terrified of traffic. moskos miles of jam snaking back as far as the eye can see and in the midst of a lot of angry drivers fighting off road rage if you want to get anywhere better plan and early start. to the half hours that's an average time most school water is
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found stuck in traffic jams every day that's a world record that's what literally drives people wrong the bad muscovites consistently wrangle over the air in various drivers on the planet. yet while some a left red faced moaning about wasted time others are trying to make the best of a bad streak. sergei has spent anything after five and a half hours in traffic but that didn't knock him for six as an avid chappell or he uses the daily commute to study foreign languages. which i used to be very first rate about the time i was wasting in traffic jams but then i came across audio books and i changed ago not only do enjoy being on the road sometimes they deliberately take a long road just to finish listening but the past two years sergei has refresh his english and learned some german all sat behind the will conversational spanish is his next goal. is that it's your.
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gas here. and the other way out for stress motorists is bringing some of the comforts of home with them and go to eleven suggests sales of car garge it's on the rise. we see a lot of demand from have a geisha device has been built to be two years with so much traffic we have in moscow against people spend more time in their cars watching t.v. and following directions and some resort to even more eccentric tools diary is a well known most psychics a few years ago she would a hummer and hard to drive a. or. you could travel stylishly through the globe highways and byways. i keep the sand watch in my car and look at it when i need to make a decision and i have plenty of time for that while moving around the city for me it's a symbol of life a symbol or turning to. an eternity can seem like a very real concept while stationary in your car staring at the brake lights in
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front that's why drivers are finding new ways to see back relax and go with the flow however slow. artsy. now let's take a look at some other stories from around the world and the u.s. house of representatives has approved legislation to stop one spent on transfer in guantanamo detainees to the u.s. for trials it's yet to be approved by the senate and the law was suggested after the first meeting to go in trial was found guilty of just one of hundreds of terrorist charges against him. at least nineteen people have been killed and hundreds injured after a head on collision between two trains and he's from bangladesh witnesses described hearing a tremendous bang followed by one of the trains folding over the other official said the crash was the result of a signaling arab. forces from patrik a stand have seized more than one hundred seventy kilos of nori while on the afghan
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border armed drug dealers to try to cross the border under the cover of night escape after a short clash with police more than two tons of drugs have been seized into the stands since the beginning of the year russia afghanistan pakistan to drink a stand have agreed to combine joint and enter caustics operations. and the drugs trade of data stan was formed by vans and is not a native problem and that's the view of the afghan taliban are caught experience or who spoke to r.t. the full interview coming your way next hour but here's a quick look. afghans themselves never grew poppies before the problem came to the country together with the war it's the result of the impoverishment brought on by drought on the one hand and by war on the other on the poppy has a very short time to harvest if that's why they chose that way. next hour before that child will be here with the business news in just a few moments don't go away.
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this is more a region is economically and socially one of russia's better developed provinces the region has a significant scientific and industrial capacity that will realize its full potential after the construction of the. park can tell ya he has completed the id parker has r. and d. projects in the spheres of automotive construction aerospace and oil chemistry high tech data center first with cutting edge servers and communication equipment will be constructed at the core of the park the project has been personally approved by prime minister vladimir putin the federal government is planning to allocate sizable funding for the parks construction investors will be given benefits such as property tax exemption low land rental prices and other preferences this is more regional government is open to mutually beneficial cooperation we invite investors to participate in existing projects and we are ready to give
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a hand of fulfilling your projects and growing your business in this small region. and i welcome to the business program here on r.t. with me. prime minister appears he wants the home grown pharmaceutical industry to supply ninety percent of essential drugs russia will spend around four billion dollars to upgrade its medical services administration says he wants fifty percent of medical equipment to be produced domestically by twenty twenty. we are currently falling under the influence of foreign pharmaceutical production monopolies and i won't go into any details on what this means for our national security that could cause a shortage and price jumps which we see from time to time already the situation is of course unacceptable that is why it is paramount we modernize our pharmaceutical
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and medicinal industries. now winning the twenty eighteen world cup is shared russia is becoming more attractive and interesting to the outside world and it's one of many recent examples pepsico by a controlling stake in russian jews giant venable dan and u.k. travel specialist thomas cook entering the tourism market discuss these renewed interest in russia i'm now joined in the studio by later to chew over from morgan stanley in russia thank you very much for joining us now a few years ago it was all talk about state corporations and a fortress economy is it fair to say that russia is opening up it is very fair to say there is definitely an intention both sides to open rush up to open the economy and the rights were mentioned the recent him and the deals are clear evidence of this and there is more interest coming over the new privatization program but as government the government is launching in two thousand and eleven two thousand and thirteen will give another chance for that. is the responsibility for integrating russia and its economy to the outside world do you think that is the government or
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investors it really is both it's a two way road government is very important in this economy so and probably will be and the task of the government is really to create the conditions which will make russia attractive for international and domestic investors again and what obstacles do you think that still lie in getting investment from abroad it is so a process there is a number of issues including transparency of the systems disclosures different bureaucratic burial service still in place there is work being done to remove them but it will take time to get rid of them now there are still signs of this go it alone approach to development we've heard prime minister vladimir putin say that russia is too dependent on foreign companies for medicines in the medical services stooping there is then a conflict here with the idea of an open economy there is always a constant conflict for a government between trying to protect the mass of producers and opening the economy but all have to happen the opening i mean and in case of the pharmaceutical
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. the street there is a difference between desired and possible most of the world is supplied by the international conglomerates that spend a lot of money on r. and d. to be able to produce new drugs and it's very difficult to supply those all replicated domestically having said that overall the driver still to open the economy words possible reasonable it'll take a little bit of time there is definitely an intention now we'll see more and more foreign investment coming to russia now is this a new interest or simply every new interest after the crisis most of it does renewed interest a number of international conglomerates and big companies have tried to invest in russia some have already done like practical for example it's not their first investment here but after the crisis there is definitely needed appetite and also because other emerging markets and because quite literally priced i would say russia on a relative basis and become quite attractive especially if you came into two from morgan stanley in russia thank you very much for joining us this hour now here in
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russia let's have a look at see how the markets off of forming the both there's a high of a slowing alter and i think rally nice the main players are climbing with neurosurgical leading the games up more than one percent record is bucking the trend they are heading more than one point five percent this hour and over in europe stocks are mixed this hour with dutch chip maker group and a s. and l. sorry up seven percent after lifting its all the booking instrument will feel cool to manas are doing well in the good seed with friends near all three point three. and over in asia stock markets are mostly higher with the take a market benefiting from a low again deposit nikkei is closed no five cent because with a strong finish in the us someone say. over the next three years gas from piles to spend almost ten billion dollars on gas fails a pilot project only a mile from the incident according to vedomosti newspaper. men cobalt gas palms
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a third largest deposit or produce forty five billion cubic meters in twenty thirty eight percent of the company but their russian gas export no please spend five point eight billion dollars on both and then cuba on the neighboring qatar survive feels between two thousand and seven and two thousand and ten. not shopping for the salvation or is far more stories on our website r.t. dot com slash business.
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