tv [untitled] December 30, 2010 8:00am-8:30am EST
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europe somewhere. with the recent arrests. along with. the problem is. the. most famous person. and his business partner a former convicted of money laundering. we're looking at live pictures inside the courtroom here and keep your eyes on developments on this that could come any second now plus. drug. use.
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some desperate measures to confront consumerism in the u.s. as the country's financial troubles seem to have america's credit card addiction. and coming up in the business update prime minister. in about twenty minutes. live from moscow this is welcome to the program danish police have released one of the five suspects arrested for planning a gun attack in copenhagen the others will face custody hearings as investigators look into what's being called the most serious terror plot in the country the suspects allegedly planned on the office soft. a newspaper in copenhagen which
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printed cartoons of the prophet mohammed five years ago for drawings sparked outrage among muslims across the world officials say those arrested intended to kill as many people as possible in the paper's newsroom it's the latest in a series of arrests throughout the year which have put european nations on high alert over the spread of islamic radicalism artes you go to prison off as more. over a year of investigations and a massive police raid in the end brought results twenty six people have been arrested in belgium germany and the netherlands belgium dutch moroccans and chechens all are suspected of recruiting so-called jihadist candidates and financing terrorist organizations right from the heartland of europe police mission a success absolutely but is the battle over this is a race that it's just a visible part of the iceberg it's huge there is a whole machine behind this redo on a ruse was born in belgium in
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a family of christians and converted to islam when he was lame t. he says he did it on his own will because it simply provided the answers he couldn't find in other religions according to him islam teaches peace and tolerance but unfortunately due to generally poor knowledge about it it can be used to teach the exact opposite. there are really extreme arms acting in europe and the problem is people who don't feel erratic and don't understand the muslim philosophy they end up in the arms of busy moms who come from saudi arabia egypt a former french intelligence officer claude when he can now has a company advising governments and corporations on health to deal with terrorism and extremism related threats based in brussels he claims the spread of islamic extremism is happening right in front of the authorities veiled from their attention by its privacy they will say you are not a good missed him because you don't know his fight times the price five times a day you are not a good missed him because you are drinking you are not
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a good muslim because your life is not and you missed him because you don't do nuffin. in palestine in iraq and so on which oppressed and at auckland it begins in the families it begins in industry and in the mosque this is one of the immigrant quarters of brussels. by muslims signs in arabic special. shops and cafes kind of chord to believe we're in the portland top european union official around a quarter of the local active working age population from eighteen to thirty is unemployed officially this figure is even higher which makes it prime ground for recruitment. the lack of education about a little work in many european muslim communities seem to have become the driving force behind the spread of extremist belgium's early to towards asylum on the most of you left in the european union the flow of newcomers is likely to continue in
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many experts believe. it is need to hope muslims integrate into a multicultural society the extremism threat will remain no matter how many arrests or meet you go is going off or to brussels. well this is coming to you live from moscow and our breaking news this hour. has been sentenced to thirteen and a half more years in prison this comes after he and his former colleague were found guilty of stealing billions of dollars worth of oil now it means that his partner will stay behind bars until a certain number of years from now initially thirteen and a half years now the prosecutors have demanded six more years in prison the two men's lawyers have already confirmed they will appeal the verdict now back in two thousand and five the tycoon and his business partner were sentenced to eight years for tax evasion and fraud. and joins us live outside the courthouse hello hello to you too sir can you just tell us some more details about this breaking news and
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about the result of this verdict. we've just received information that means that that he has been sentenced to thirteen and a half years in prison and that of course is in news just in we've just received this information from the courthouse this is of course almost the maximum that the prosecution was asking for originally prosecution asked for fourteen years imprisonment we know that. one of the charges that the prosecution put towards me russia's former richest man and a head c.e.o. of russian oil giant yukos and his former colleague. we know that one of the charges was dropped against the two men because the statute of limitations ran out but all of the other charges did stick the judge said all of the evidence presented by the prosecution was deemed evidence and the witness statements that were given on behalf of the defendants were not acceptable for various reasons we also know the judge said that based on the evidence that he had with the more it had received
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and on the field team verdict it is a necessary for subtlety and his colleague david to be isolated from society that there can be no question of substituting their punishment from jail time to other means of punishment and has sentenced the man who. rushes a former richest man and c.e.o. oil giant to thirteen and a half years behind bars that means that he will be released in no work and no sooner than twenty seventeen that's why do you think it's taken so long for the judge to reach a verdict talkers. will the verdict was a very long file it was actually fourteen files each of which comprised over three hundred pages and we know that the judge didn't read all of them because that would have meant that the verdict would have taken weeks and weeks to be read but there was a lot of suspense of course when the readings originally began on monday how long it would take for the verdict to be read in full many had even speculated that it
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could last well into the next year and only end in january however the judge has announced the most crucial part of the verdict today of course on monday it was announced that the verdict is guilty and everybody was waiting for the first time to be pronounced which we have just heard is going to be thirteen and a half years behind bars are so controverted who has. an extra thirteen and a half years for them here that is the final thought about if you will just take us back because this is the second trial for the cops who were initially arrested in two thousand and three remind us why what were the details about. who originally the criminal case against me and his former colleague blood on a bit of began in late two thousand and three when they were charged with tax evasion fraud and money laundering that took that trial took awhile the verdict there actually took two weeks to be read into two thousand and five they were found
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guilty and sentenced to nine years behind bars that sentence will later reduced to eight years and that term was almost up when the prosecution initiated a second trial which is which is just ending today as we speak of course the second trial was involving money laundering and theft of over twenty billion dollars worth of oil the judge has found the two men guilty and is now sentenced them to thirteen years behind bars. he's going to live in moscow with the breaking news development voted to announced in this troubled thank you very much. let's go to some more details on this we're now joined in the studio by van iris the editor in chief of business new europe he's actually interviewed several times so you probably have some rather intimate knowledge of the man here in question you know a lot about you cos there's a lot of confusion about how did he operate the system here because when you talk about embezzlement and the theft of millions of barrels of oil how did it all work
quote
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how did can you just simplify how the whole oil transition worked well i have mixed feelings about this whole case you can divide it into two parts there was. prior to one thousand nine hundred nine and when he said the company ninety six and then there's the you close to two thousand in the first five years of operating in the second half of the ninety's. because had the reputation of the holocaust. being the worst corporate governance abuser in russia and the game was transfer pricing and i was a shareholders meeting where one of the production subsidiaries voted to sell oil to a nominally independent trader for one dollar twenty five a barrel and this was a time when the price of oil was already thirty dollars and of course all that money accumulated into offshore havens and the tax man here didn't see it the workers didn't see it but then in two thousand everything changed in sort of holocaust because it's religion if you like in so much as he started following this corporate governance he became the you know the poster boy for corporate governance
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and the result of that was to see the share price shoot from twenty cents in one thousand nine to fifteen dollars in three years and that transformed into the richest man in the world under the age of forty before we ended up into this fight with the kremlin and the sentences but now you interviewed both of you several times and you know him personally to a degree is there a difference between the holocaust that you know and how he's portrayed in the media he he's a very impressive guy and he was one of the most interviewing interesting interviewees and so much as he didn't just talk about sort of the cost of barrels and production and business but he had a real vision about where he wanted to go and also i think that extended into where he thought russia would go and he was he in that sense he became political i think that's the root of the problem because he started turning into the ground which the printed it was its i mean china pipeline particularly he was pushing from
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western siberia to northwest china in which the kremlin source from policy ironically the kremlin of just completed the construction of the same pipeline in october so they've changed their mind on that now you've said in an article that he is considered to be a martyr why would you say that well as i say if you look at the reporting of this case everybody seems to have they they they all talk about the corporate governance and the abuse of the rule of law the. in the grounds on which he's been jailed this time somewhat questionable however there seems to be a collective amnesia about how he was in the ninety's i mean there were full page adverse to crying his corporate governance abuses there were editorials in the new york times the washington post to writing him as the most abusive of all the oligarchs and yet when people report about the case today none of his mentions it's if he's like some victim of the kremlin some innocence and yet days ago days ago we heard we heard these voices out of the west showing concern for the trial of moscow
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officials essentially telling the west keep your nose out of what is essentially a domestic matter so worser how do you see that comparison there between the west and here well this is the problem i mean it's become a cause celeb and holocaust game service spent a lot of money and continues to spend several million dollars a year on p.r. to keep this issue live and far as the rule of law is concerned i think yes you can take issue with the trial as for the morality of it whether he's you know guilty or not i mean i think that's separate and what the west is doing is asking or criticizing russia for of not following the rule of law in the sense that justice is not being served here but which is a fair criticism but for me you have to divide it into rules of rule of law and rules of the game which when he's abused you know what in america did with the bernie madoff who was in charge of those ponzi schemes and he got a matter much bigger sentence than here had a cost to get another thirteen and a half years if you think that's
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a fair sentence for the cost of your. to say. if you think charges are somewhat spirits became with the sentence is neither here nor there i think the whole thing is arbitrary. for me the issue was he was about to be you know he was going into his last year in jail he would have been released just before the next presidential elections which would have been hugely embarrassing because i don't think anyone expected him to sit still and be quiet and with that in mind i think you know the case was engineered to keep him in jail i mean he's risk he's continuously refused to play ball and that's what i'm saying about the rules of the game if you don't play ball then you get punished and other want to go to do plateful don't get that much so he faces another thirteen half years in prison but tell me what is the most vivid event that you remember that characterizes the man. it's difficult to say he eased to run a camp for children where he was showing them the ideals of setting up business it
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was like a democracy and we went to to go and interview all the children at the end of the week the child that made the most money was not the one who set up a private business making peace or selling bread it was the one who managed to privatized the jetty and by owning state property in this little world of his he became enormously rich and owned all these these these dollars i thought that was very telling i mean in so much as that's the way things work in connections to the state the children are set to now finally with half years being tacked on to holocaust and his partner but after state law behind bars now what do you think the international reaction will be towards the sun the nation and the nation condemnation to say people don't see this is a fair trial they see him as a victim of a political attack i think there's truth to that at the same time i don't think i said before he's not a martyr however the it plays very much into the russia bashing story that most of
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the western press has been doing. for terrorism like your state and what have you because they don't see a process here there are some technical problems with the case what have you and so it ends up being a black tie for russia's investment image for russia's political image but when it comes to how are there other players involved here that should also be standing to blame well this is the thing you see if you. and you course were paying about twelve percent effective tax against a headline rate of twenty four where is many of the other are. from that era were paying far less and the issue for me is not do you look up holocaust if you look him up why don't you look up all the others there seems to be a double standard here and that's that's really the problem i mean either you're going to go one way or the other either you want to come down on them or you going to let them operate in that the mouth open air is the editor in chief of business in new europe thank you senator. well for more on the. many other stories just
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website. and here is some of what else you can find online right now. no longer poses a threat we show you. that the wiki leaks. secret. classified documents. for the website. is interview. with their winter holiday season in full swing it's. occupying most russians but for many in the u.s. shopping is an old addiction which thrives despite the faltering economy. but one
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man who is fighting what he believes. ameritrade. you should. stop. her. what styles and new must have items of the fashion world changes fast as the seasons but one thing that never goes out of style in the us is shopping america is the birthplace of modern consumerism nowhere else in the world do people buy more than here with officially more shopping malls in the us than high schools if i didn't spend enough money on sunglasses i could probably save for college and things like bad very few actually admit to an addiction is a dora does exactly what. that
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covers wait twenty five things with a daily need for a new dose of jackets sweaters and skirts she considers herself a shopaholic how many pairs of shoes do you have. so hundred the urge to possess has taken over men to statistics age men and women compulsively shop equally in the us nowadays i'm actually excited about spencer runs your last couple of years i've spent i think a one hundred thousand dollars on clothes while these numbers are simply unimaginable for millions of americans only a few are putting up a very loud fight against consumerism. reverend billy says a credit card exorcism on the entire nation is what can cure america fifteen million americans are addicted to shopping but many more americans than fifteen million
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shop too much stuff shaping his mean life mission is to cheese so with. this shopping devil by putting on acts in churches and shopping malls around the country the credit crunch the purpose of the exaggerations is to make americans see their flaws. this plastic you spend too much money consumer consumer. it's a church it controls us it's a fundamentalist church like the roman catholic church in the fourteen hundreds these desperate times by i'd normally except my credit card limit. could be calling for desperate measures like spells and exorcisms the things that glitter in the windows will not appeal to you since more often than not in the us legally the majority of people have too much month left at the end of the money the average american is said to generate over fifty tons of garbage by the time they are a senior with millions buzzing around new york stores this holiday season and it's hard to tell who is doing it responsibly and who is completely out of control
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because of shopping not considered a mental disorder there are dozens of there are people and clinics in the big apple for those who are willing to admit they have a problem or an indication of no lessons learned even after the big crash of a recession and stacy sure can see the or. are now let's have a look at some other major headlines from around the world this hour president pervez musharraf has been picked out of the right and could go to jail three judge panel labeled his defense as riddled with a lie in its ruling but has not yet sentenced him women's rights groups who have long complained that israeli authorities shrug off sexual harassment at workplaces welcome but verdict he was found guilty of raping an employer's tourism minister and i think ninety's and other sexual offenses when head of state between two thousand and two thousand and seven. days of torrential rain have left eastern australia facing its worst flooding in decades thousands of people have been
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evacuated from affected air. but many remote communities remain cut off by high waters the government has declared much of the northeast a disaster zone and deployed on the helicopters to assist with rescue efforts meteorologists warn that even the rain eased off runoff from the high areas would still lead to more flooding. the u.s. has revoked the visa of the venezuelan ambassador to washington it's in response to president hugo chavez rejection of america's choice over envoy to caracas. was blocked after the american diplomat accused chavez of close ties with leftist colombian rebels and tensions between chavez and washington the venezuelan leader also challenged obama's administration to cut all diplomatic relations with a recap of our breaking news this hour former oil tycoon mikhail khodorkovsky and his colleague to thirteen and a half years in prison for all imprisonment and money laundering the sentence they
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have so since two thousand and three will be counted and this means they will come out around two thousand and seventeen to have been found guilty of stealing more than twenty billion dollars worth of oil the two men's long have already confirmed they will appeal the verdict back in two thousand and five that his business partner was sentenced to eight years for tax evasion and fraud. and in just a moment charlottes here with the business news hungry for the full story we've gone to. the biggest issues get a human voice face to face with the news makers. hello
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and welcome to the business program here on r.t. with me scholem's folly russia's prime minister's confident there will be no gas war between the state owned gas gas prom and its counterparts the energy giant expects demand for gas to increase next year with a market price to stay at this year's high. we don't expect the demand for gas to fall next year on the contrary we think it will increase as for the gas contracts the price of gas probably contract is defined by a formula connected to the price of oil products regarding the spot price the excess supply we saw recently is now fading as we think that next year the spot price of gas will be quite high. consumer prices in russia have risen eight point seven percent since the beginning of the year that's slightly higher than officials
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forecast but still the lowest level of inflation in the country's history buckwheat and wheat prices rose the summer drought and potato and cabbage prices have jumped almost six percent in the last week. so news in brief for you now russia's international reserves declined by almost two billion dollars in one week the central bank says they're now equal to around four hundred seventy billion dollars which is still almost eight percent higher than in january international reserves comprised of foreign currencies gold and other. time of see how the markets performing here in russia they're trading flat for the last day of this year's trading is among the worst performers in the r.t.s. down more than one percent. over in europe some markets have lost their grip on early gains for the last four trading day of the year marks quite low volume weighing on stocks was a weak session for asia despite firmly from us. now
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gold is expected to continue its rally in two thousand and eleven is uncertainty over the global financial system safe haven allure. of reports. two thousand dollars per round sum by them tough two thousand and eleven is the most optimistic target on the market model seventeen hundred surprise to manny gold has risen the average here for the last decade and two thousand and ten i've been told records delivering a third to person to return find best has really been driven by a certain in the markets. and that's called a nation of of uncertain in the financial markets combination of low interest rates as we're seeing in the us fear of inflation in the pipeline you get all these things are supporting the gold price if you look at gold production for mines that's been more or less range bound to about twenty five hundred tonnes a year and so you're not getting more supply from the mines while some analysts say
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such skyrocketing appreciation is the babo which is bound to burst obvious is strong fundamentals which will continue to drive the rally china's central bank holdings as a percentage of all holdings is two percent the global average just ten percent ok if it were to increase its its holdings not to ten percent but just even to five percent the shock wave that would go through the gold markets you would easily see fifteen seventeen hundred dollar gold easily. russia has the world's second largest reserves but it's only ranked fifth and terms of production which gives the russian mind there are some of the best growth profiles in the industry investment house that creative project plan is gold stock will rise twenty percent in the next twelve months and says at least a ten percent topside on paula mantel that's eleven of global business are tame.
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