tv [untitled] December 9, 2010 9:00am-9:29am EST
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around the world around the clock this is. london is the scene of mass demonstrations by thousands of students trade unionists it's that final block the raising of. the british government is set to vote on the plan the latest in a string of rallies against sweeping austerity measures and budget cuts across europe. and london to gauge the mood on the streets. they gather it's just outside the university of london union about an hour ago now they've started their march towards parliament if we're lucky we'll see more students coming around the corner and more trade unionists there seems to be more people gathering to join the march all the time they are just about about three hundred yards ahead in front of me that making their way towards the houses of parliament their goal is to be m.p.'s directly as they go into that which is expected to take place about six pm this evening at that time the students say they'll be holding
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a candlelight vigil to try and stop the m.p.'s from voting this measure it actually took a bit more about the issues surrounding these demonstrations that we've been seeing in london and across europe i'm joined by sam bowman he's the head of research at the adam smith institute sam thanks very much for talking to us now this talk first about something that gordon brown's told the b.b.c. this morning which is that the problems of the euro are more than just their governments debts and he's expecting to see a euro crisis in the beginning of two thousand and eleven do you agree with that what sort of crisis do you think he means for once cornrows actually been right about something i mean it wouldn't take a genius to see that there is a crisis approaching the. continent wide crisis i think it is probably because the government wouldn't be surprising that brown would try and excuse ramping up government debt by a responsible leaders but i think the bailout in ireland has failed to combine markets. are still extremely high and we're seeing portugal and spain creeping up
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towards as well so i think we're probably going to see quite a difficult year for the eurozone if not the end of the eurozone in the coming months you see this as the beginning of the end for the area saying i think i'm the sooner the better really i think we need to see start looking to the future and looking at how countries can return to their own currencies turn to a way they're able to get their way out of these kind of. high or low interest kind of bubbles at the euro was creating a position where they have a currency that's suitable for their own economies rather than for france and germany which is. really project is all about but that will involve the banks way into and i mean the banks seem to have shown a huge degree of irresponsibility we've seen. banks agree to pay out four hundred million euros in bonuses just in the next couple of weeks after they've had to be bailed out how do you see that affecting the situation. i mean it goes to show what happens when you bail out banks. they don't. when you introduce that kind of safety net for banks there just to be just people rewarding. employees with ridiculously
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high bonuses because there's no. danger of collapse and there's no real threat. punished for deeds so i think that what we need to do is be much much more responsible about the banks and realize that if they act badly that the market needs to be allowed to push them down and even. failures i think. it's a great mistake that it wasn't some bowman from the heavens it is to thank you very much for talking to us now we will be at these demonstrations a little bit later we'll be going down to parliament to see what's going on down there we are expecting a degree of violence today this is the biggest demonstration that we've seen so far between twenty and forty thousand people expected to turn out onto the streets in london alone they'll hope to cripple the city and have as big an impact as they possibly can i had to see if it will be here all day. artie's laura reporting there like you said the voters coming in just a few hours and r.t. will keep you posted on those developments and in the latest edition of his program max keiser asks how to stop financial terrorists plaguing the world's economies
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that's coming up a little bit later here on r.t. . j.p. morgan the j.p. morgan i was the fed that's part of the u.s. banking cartel jamie diamond is ben bernanke is dirty underwear and ben bernanke he 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 tired global economy goes into the into the swamp now why is jamie diamond in want to animal bay right now i don't get it. america is the largest banks may pay out bonuses in december rather than early next year so wall street's elite can avoid higher rates and the homelessness level not
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seen since the depression critics have slammed the sums that will be given to the bankers off the back of a hefty government bailout artie's marina portnoy looks at this flow of money which many average americans say is going straight into the pockets of the fat cats. next the sculpture thirty thousand dollars now the first floor thirty thousand to thirty two thousand if an artist were to illustrate something of today's new york city office that 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 christie'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 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
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you like you would like to think you're just as wall street's wealthy and powerful . good afternoon thank you very are back to indulge in pampering at the la perri 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 with fifty thousand. from choice to. business at wembley jewelers has spiked but only those making top dollar can afford pieces with price tags that exceed the average annual income of three u.s. households combined expecting
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a very very busy time of year. some new business boosted perhaps by bonuses coming from one street this street the symbol of the finance industry the financial collapse and record breaking compensation one hundred forty four mil. apparently 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 ten thousand dollars it's hard not to have a good time when you're surrounded by nearly no uniform of you 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 a great time particularly pretty for financier's working for america's biggest investment banks where employee pay is expected to average how often million
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dollars or more no such promise is here on main street where 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 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 the early stages in this so-called rebounding us economy. 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 poor r.t. new york. well the wall street. executives are giving the cream
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off the banking sector increasing the gap between the rich and poor that's the view of the founder of the trends research institute. 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 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 ninth 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.
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coming to you live from moscow where it's not just off a ten past the hour still to come for you soon how to stay sane in a traffic jam. that it. has here in foreign languages is just one of the many practical ways to spend time in moscow's tough traffic stay with us to learn more. moscow once an explanation from over a wiki leaks report the alliance agreed a plan to defend the baltic states and poland against russia the revelations follow the nato russia summit in lisbon which is being hailed as a breakthrough in relations between the two sides russia has a foreign minister sort of he left off says reports the alliance may still consider russia to be a potential threat has put a question mark over nato sincerity. they began that planning in december last year just as we held
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a ministerial meeting of the russia nato council where we decided to move on after the two thousand and eight crisis in the caucasus so it means that on one hand nato was talking with us about partnership and on the other was taking decisions to protect itself against us secondly these plans seem to have been approved in lisp on another platform all of the nato russia council where president did it would need to leaders approved documents calling us strategic partners so there is a question about when nato is sincere when it's openly talking with us about partnership or when it's secretly deciding you monster itself somewhat different things. when asked about the wiki leaks revelations the secretary general of the alliance and fogh rasmussen refused to comment but nato chief insisted his organization does not see russia as an enemy. and staying with wiki leaks here on r.t. the swedish government's website is reportedly facing
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a cyber attack from supporters of the arrested whistleblowers founder julian assange he remains in of british prison and faces extradition to sweden over sexual assault allegations around five thousand hackers are now reportedly taking part in the cyber attacks it comes as the wiki leaks founder is leading an online poll for time magazine to be named its person of the year amid reports he would then be extradited to the u.s. some american politicians have even suggested a songe should face execution civil rights activist and how one who is from a song his native australia says there is an ulterior motive for the extradition. just go look at the fact that how often does interpol go off people on sex related charges it's just i don't they told me chasing people for your ex on charges that are related to sexual offenses site i think it's completely clear that we might invite is the swedish prosecutors dropped just this case two months ago right and
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now they've just picked it back up again off to the last really so i say there's a very good chance that the american government is behind this night no doubt about it because it definitely if he has actually died from sweden to the u.s. what recourse the state saying i have no doubt whatsoever that he charges will right allegation charge will disappear and he will be facing espionage charges in the united states. civil rights activist liam hamlin speaking right that now you can access more information on all of our stories with just a click of your mouse on our new and improved website www dot com here's a quick look at some of the things we have waiting for you on line right now our friend the electric a boy with leukemia sees through the eyes of a robot to keep up with schoolwork when he copes with his long term illness. and will keep going that's what tourists say after a spate of mine unusual and terrifying shock attacks in the popular sharm el sheikh
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resort in egypt that left four people injured and one person dead. traffic jams are a prominent feature and russian capital is as prominent as the red square itself and moscow's roads are not just choked by cars at rush hour the congestion continues throughout the rest of the day this has led to some motorists coming up with some rather creative ways to pass the time in the gridlock he's always on a bike reports. 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
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plan and early start. to the half hours that's it never is tired most cool water is found stuck in traffic jams every day that's a world record that quite literally drives people wrong the bad guys consistently wrangle over the air in various drivers on the planet. yet while some left red faced moaning about wasted time others are trying to make the best of a bad situation sergei has spend anything five and a half hours in traffic but that didn't knock him for six as an avid chapel or he uses the daily commute to study foreign languages. which i used to be very first to you about the term i was wasting in traffic jams but then i came across audio books and changed it all not only do enjoy being on the road sometimes they deliberately take a long road just to finish listening to the past two years sergey has refresh his english and learn some german all sat behind the will conversational spanish is his
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next goal. is that it's your. last year. and the other way out for stress motorist is bringing some of the conference of home with them and it don't allow evidence suggest sales of car garge it's on the rise. we see a lot of demand for my vacation devices with them built to be to those with so much traffic we have in moscow i guess 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 mosco psychic a few years ago she would a hummer and hired a driver. or also she could travel constantly and stylishly through the clogged highways and byways. i keep the sand watch in my car i 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 of maternity and paternity can seem like
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a very real concept while stationary in your car staring at the brake lights in front that's why drivers are finding new ways to see back relax and go with the flow however slow it's on a bike or artsy most call. time not a look at some other stories making headlines around the world and in washington d.c. the house of representatives has approved legislation stopping the transfer of guantanamo bay prisoners to the u.s. to stand trial the bill which the senate is yet to approve may cut government spending on get most detainees but will endanger president obama's efforts to close the cuban detention center itself the move comes before the transfer of the al-qaeda mastermind of the nine eleven attacks khalid shaikh mohammed to american soil. china says a military threats cannot resolve tensions on the korean peninsula the statement
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comes after the u.s. military chiefs assertion that beijing has failed to influence over north korea to diffuse the crisis the united states reiterated its commitment to south korea's defense as both nations continue joint drills tensions are high after two koreas had exchanged live artillery gunfire late last month. israel says it has responded to a mortar fire from militants in gaza by hitting a weapon manufacturing sites it said three airstrikes hit their targets and there were no casualties but witnesses said that a school and civilian houses were damaged in the attack. while ever since the ancient greek legend of a caress her. always dreamed of flying now thrill seekers can take to the sky in some extreme and risky way but without the safety of a plane you can find out more about flying machines and pilots on the extra special report a bit later here on r.t. but here's a preview. we use special old french and accents
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require them and. they are ready for a. warm air became their gravity. to the those people who were urging them previously. want to soak in a free flight. while r.t. is coming to you live from the russian capital it's good to have your company today it's not just twenty minutes past the hour and in just a moment kareen is here with the business news. great for the feel we've got. the biggest issues get a human voice face to face with the news makers. bringing
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you the latest in science technology from. the future covered. her welcome to a business program here on our t.v. with me create an account thanks for joining me us regulators have frozen assets of unnamed investors who bought shares in rushing to scoop when bill dung just before pepsico announced its takeover bid someone used a swiss bank account to buy four hundred thousand american depository receipts which are proxy for one we'll done chaz on the new york stock exchange it's illegal in most developed markets to use insider information to profit from moves in share prices last july russia adopted a law against insider trading the regulators are still working out how when to
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enforce it when bill dung eighty oz jumped twenty percent in new york last week and that would have earned the unnamed investors a profit of about two point seven million dollars. beating soft and produce a pepsico world best more than one billion dollars in the russian market in the next three years that's according to their local head on one leg what up. our c.e.o. was here in russia what a year ago and she committed in the way she committed to about a billion dollar investment over the next three years and we've already invested in the mother of a plant south of moscow where we produced we produce all of our seriously as we're going to expand very very supply and are investing in logistic distribution center we're building as a p i two systems across the business so we commit to these one billion dollars daily with the acquisition of we build out this with all our. promise to put in once a homegrown pharmaceutical industry to supply ninety percent of essential drugs is to put it says he wants fifty percent of medical equipment to be produced
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domestically by twenty twenty analysts say the move see seems to conflict with calls to build a more open economy there is always a constant conflict for a government between trying to protect the must of producers and opening the economy but will have to help them opening i mean and in case of the pharmaceutical industry 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 to must acquit. for the first time ever russia's finance ministry sold more bonds that it also heard but investors forced the government to pay a high interest rate and made fears that inflation will rise next year ministry sold to a two hundred ninety nine million dollars to your notes of six point one percent. now looking at the markets here in russia the bourse of the high posts going after
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an opening rally most of the main players are climbing with energy majors the best and most local is bucking the trend setting more than one of the sat. down stocks in europe on make this our dutch chip equipment group s.m.l. op seven percent after lifting its order booking estimates for the fourth quarter miners are doing well the put say would preserve their low three point three percent. over the next three years gas pump plans to spend almost ten billion dollars octane gas fields a pilot project of the mole peninsula according to venomous newspaper bunning kobo gas pumps third largest deposit will produce forty five billion cubic meters in two thousand and thirteen roughly eight percent of the company's output russian gas export monopoly twenty five point eight billion dollars for bar one in cobol and the neighboring horror subway feels between two thousand and seven two thousand and ten. opec appears unlikely to raise all quotas when it meets on saturday despite
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a rally in the oil price ministers insist world economic growth can survive with crude at ninety dollars a barrel it cold winter is boosting prices and opec members are already producing well above their quotas any increase would send a clear message to markets that opec is concerned about runaway prices dumping they cannot recover. the global i.p.o. market will reach record highs in two thousand and ten that's according to consultancy ernst and young. issuers have raised around two hundred fifty billion dollars from listings since the beginning of the year that's expected to pass three hundred billion by the end of december the growth has mostly been driven by asian markets hong kong's borstal seventy four i.p.o.'s generating woman sixty billion dollars and around two billion was raised by russia's will solve the agricultural bank of china attracted twenty two billion dollars in the largest i.p.o.
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ever. to steal now russia severstal aims to build a new plant in india and a joint venture with the state backed and d.c. the project is worth more than two billion dollars and it's the first time several dollars building a plant from scratch previously bought all production facilities particularly in the usa and in europe the company is seeking to get rid of those pools unprofitable india is seeing the fastest growing steel consumption in the world and several times says it also it's also interested in the markets of south east asia and africa. and that's all we have for you for this solvable i'll be back with more in about fifteen minutes from now so drug.
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