tv [untitled] January 18, 2011 7:00am-7:30am EST
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some of the. biggest. employees what's called. it's a decision. political and public. the economy. what they think. this is. the homeless and needy queue up for food handouts from charities all over london and the u.k. but just a few miles away it's a different world with different rules prime minister david cameron has shied away from regulating bankers' bonuses they might have to be a bit more open about the pay because and there will be no windfall tax there was a more. i think the period needs to be over and bankers have taken that to
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heart u.k. banks including some of those bailed out by taxpayers last year will be paying out eleven billion dollars to the staff. here on the street where the needy live literally from home to mouth down badly. and he's not the only one complaining last year saw thousands of students out on the streets demonstrating against austerity cuts about by the crisis triggered by reckless bankers now the right to work campaign is calling for a fresh wave of protests against their dumping the government's surrender to the bankers and bashing each paycheck or basically i think they're my bankers bonuses specially when their people step in to even pay their rent even feed and clothe their children when people are getting three pounds three million pounds bonus is
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a quite frankly excessive interest to and discussing my money taxpayer will be greeks a danger privately owned banks to you but the ones that have been bailed out with taxpayer money have to show some restraint we can't possibly be expected to stomach at a time when the government making spending cuts to some of these enormous bonus payouts and to watch all this go on when these banks into. i get that it was the public's money that saved them but not everyone sees it that way daniel hoffman financial services says banks are still vital in supporting economic recovery and they hate the best bankers will move elsewhere it's very crucial that the banking sectors around the world. are getting healthier and can support economic growth but house on the streets those who depend on charity to put food in the. difficult to stomach with this latest back tracking regulation it seems banks and governments
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have learned very little from the financial crisis just a few miles away continues to fill that pockets and looks set to be able to go on. but this time they're doing it with taxpayer money which could have been used to help the needy. and in brussels eurozone finance ministers are meeting to discuss whether it's a boost the e.u. bailout fund which was only set up last year the european commission the european central bank wants to widen the fund to give it more flexibility larger eurozone members like spain need help. finance minister. to one point five trillion euros however germany their biggest eurozone economy has so far ruled out any substantial increase a reflection of major tensions within your union. a member of the european parliament and. independence party who says the whole idea of the eurozone was
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a failure from the very beginning. i think what they're doing here is they're reinforcing failure at the end of the day countries like greece and portugal and possibly we should never have joined the euro. they are now trapped inside the economic and with a whole set of policies. and i think the more we build up the buy out the morning with always. and this really is a tragedy if at any point in time the german people have been asked initially whether they wanted to give up the deutschmark they have said no and if you ask the german people now do they want to pick up a liability that in financial terms will be six times bigger than the liability they picked up when eastern germany joined them twenty years ago. so my guess is that the german finance minister the german chancellor will make skeptical noises will voice a bit of disagreement but in the end my guess is they will go along with it because
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they are part of this european political class that have created this monster. and in the end they're going to do whatever they translate what they. buy out and by carrying on this lunatic policy of buying their own debt and then after last week's auctions in portugal patting themselves on the back i was in that wonderful is gone well but in fact by their own debt they will go on doing this they will do everything they can to keep this together but in the end the fundamentals will prevail and it's not going to work and if they hold the eurozone together then the conditions in those countries are frankly going to get worse yet the decision is quite extraordinary i mean it's rather like holding the titanic after it hit the iceberg it is the most credible does it look what you've got here behind this whole european project when we talk about the unit itself or when we talk about the current say we have a political class who want this you know even countries like switzerland and norway
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who are very sensibly have stayed outside the union who have. free trade agreements with it even in those countries a majority of politicians would sign them up for all of this stuff so that's the great battle that is going on in europe it's the battle between the political leaders and public opinion which increasingly is saying we don't want this now in the end public opinion is going to win because you can't build a state and that's what we did here without having the consent of the peoples and that consent has never been asked for and it's never been. and while you are economic woes china is offering its support to help to tackle the continental crisis in his latest program max keiser looks at why the asian state is doing it because reporters coming away later this hour here on oxy but here's a preview. let me make this following prediction china is buying european bonds why are they doing this i think it's because at some point they will
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demand payment in the form of gold you know in the european zone there are about eleven thousand tons of gold which would be the highest concentration of gold in the world higher than even the u.s. has eight thousand tons of gold china moving into europe buying those bonds of course europeans will never be able to pay off those bonds because their economies are in freefall and then china will turn around and you can't pay us back in euro's but we'll take the payment in gold. because reporters coming away later this hour now russia's president to be treatment if is in the jordanian capital amman the first stop of a two day trip to the middle east kilbride at the palestinian territories and meet the palestinian leader mahmoud abbas later today but despite having to step onto israeli soil to get to a boss he won't come face to face with any top israeli figures because of an industrial action within the government that. looks at whether that's just
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a coincidence. it's russian president dmitri medvedev first visit to israel but he's not meeting one israeli official because the jewish state's foreign ministry has gone on strike it insists the strike was not planned to coincide with made bit of a visit and was simply a call for higher wages but some say there's an arterial motive the strike is a little bit selective because the visit of russian president was canceled while the visit of the council of germany on july merkel was and in a way i think about this is a result of the. opposition of the workers of ministry of foreign affairs to the minister mr liberal. foreign minister avigdor lieberman is pushing for closer ties with former soviet union states while his department is pushing for him to be ousted born in the u.s.s.r. in present day moldova the former bouncer never came up through the ranks of the foreign ministry his views are right wing and he's been accused on more than one
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occasion of putting his foot in it makes it very clear that is a good all of. this medal or to achieve them it is valid believe that it is to do with a racist idea as it is a guest of the land put us under two years. but it's not the first time it's really internal politics have soured the visit of foreign delegations last year just before the us was president joe biden came to israel the israeli prime minister announced the start of settlement building that decision was a blow to the obama administration's peacekeeping efforts and cool down israeli american relations and many believe that such political embarrassments are weakening israel's position in the international arena it is not the government of those countries but rather of the people of those countries in the public opinion of those countries to public opinion israel is definitely unfortunately. doing its
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of these really foreign. astri's the first to admit that made videos cancel visit is a missed opportunity particularly where many a paper can be fabric of the party. that we discussed about the corporate are many many different and fraud. larry the there are very thorough the theory that we don't like at all but whatever the reason has made a bit of meets with palestinian president mahmoud abbas and will damian king abdullah israel will be sitting on the sidelines and watching policy r t jerusalem. mostafa. secretary general of the palestinian national initiative party says there's no excuse for israel's cancellation of the russian president's visit. they show the strike of the foreign ministry is not a justification by any means the prime minister of israel could have arranged to visit. the security apparatus is so big and is that this would not be a problem that they should get is that about. a feeling of performance
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unity and is that a feeling of. impunity to international law that makes israel behave in such a monitor with a leader of one of the most important countries in the world and i think there's a reason here which is a political one way or the israeli government knows that its policy is counterproductive to devalue needed many european companies that are leaving most countries of the world devalue need to invest in american companies and i'm sure didn't really need to many people even inside the united states so that also applies but i share which is seeking to have a more active role for the courts and there's a once a bloc that russia is the only country in the court that has that it will denies the palestinian state back in one thousand eight hundred so that is not reason why russia so they accept to be upright are lies put on the shelf for more than two years that within the core of this because the united states is one of the allies
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in the process and then i think states policy is totally subjected to israeli manipulation and i think things have reached a point where there isn't any policies even the heritage of the american strategic and that's why mr obama try to make some connection when he spoke about settlements and so on but he failed. at all next hour we'll be speaking to not be able shaath who's a member of the fatah central committee in charge of international relations and the former palestinian foreign minister he says russia can play a big part in establishing peace in the middle east with us failing to influence the netanyahu government. but if you're trying to convince newton you know who to stop further occupation through building new settlements that was a blockade taking in jerusalem the americans failed to do this they admitted it and now put more pressure of trying to bring us back to the negotiating table that you know who used the current government as an excuse. to decision under this
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government russia is the independent palestinian state in ninety eight with the nine hundred sixty seven borders its capital was recently and never denied it decision in other words many things show that russia is serious about its intentions keeps reminding the world about the decisions that are being read before but enough forgot about. this now or just one in quarter past the hour here in the russian capital you with r.t. now the family of the late polish president has blamed russia for his death rejecting the findings of the official internal investigation into the plane crash that killed him lech kaczynski claims the crew of the plane which came down last april was deliberately misinformed about its altitude and family claims that moscow planned an assassination in revenge for the russians views and to prevent his reelection. the brother of the late president and leader of the polish opposition lord and justice party has slammed the country's prime minister for accepting the
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findings of the official investigation it's reporting includes a reconstruction of the flights last minutes as recorded by the plane's black boxes it suggests the crash was caused by the errors of an inexperienced polish crew in bad weather and pressure from high ranking passengers dmitri babich a political analyst from a news agency thinks the rhetoric is just a way of keeping the polish political opposition from. the political way is to keep justice party l.-i after the defeat. if the. it had not been for this investigation the war and justice party would have been forgotten actually now and yet us off kaczynski and he's people for for them you know reminding people that disaster and blame in russia is just a way of political survival it's mostly a struggle for power they want to do the mice the civic platform the party which is
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no impulse is just politically very expedient and it has a fortune to leave had a strong reaction inside for their society because unfortunately a national museum is very strong in all slavic countries now including russian born and right now i'm very unhappy about this development in the investigation in poland is viewed you know all the polish side on the russian side a lot of more intentional will be paid to the actions of the people at the airport in the polish investigation than it was in their mosques investigation by the basically i think that we cannot achieve much if we continue investigating these these affair trying to find out their amount of russian guilt and the amount of political that's not a way to move forward obviously there is no percentage that would satisfy both sites in poland and in russia there are nationalists who think that the fault is
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all the spawn hundred percent on the site meantime you can use from the center for international relations says there are always some people in poland who will question russia's actions. the change he bought the pisa and he said trying to mobilize its membership on this love of the tribe this note russian. strife conflict lack of confidence and there is about eight percent of the police public opinion that doesn't believe that this tragic accident will not accident the troll and if you look around to us on our of us. footprints you know so the only problem is that when something like that would be implied by god gene he dodged it in a very general form saying that not all facts are no and that's ok you know you can
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deal with that but if you have a very young man who is not an elected representative who is just a private person he just top of the be a husband of the daughter of the late president jeans it doesn't have and it political significance. any of the stories we're covering here you can always log onto our web site that's here's a quick look at what's waiting for you online right now. with more than one hundred thousand. new community it's a place where guests can create a new identity using. website.
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well he's been touted for more military honors the nato commander in afghanistan general petraeus has even been tipped for a tilt at the two thousand and twelve us presidential elections investigative journalist says a military contender for the white house would hardly bring about any change to the country's backing for foreign wars. a person like betray us would be there primarily because of the attraction of his celebrity to the public it's sort of interesting that military again is considered to be a proper. in d.c. of leadership but certainly he would have behind him the same exact interest of financial banking interest a large industrial interested benefit so much from this state of perpetual war this is the largest industry this country has ever known it's the gravy train and they're not going to get off of it any time soon without something drastic i don't think there's any chance that a military man like betray us put into the presidential race would possibly buck
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that establishment and with the us pouring so much money into help restore afghanistan some of who say that is struggling to see any results after a long spell of war and occupation corruption is taking a heavy toll later this hour leads you along the afghanistan donna trail. repairing a broken. highway construction and humanitarian aid. officials get the spoils of war it's the people who pay the price. for cheering he is no longer just down to drug trafficking. afghanistan. choosier has formed a new national unity government to prepare the country for elections days after the former president went into exile following widespread violent protests the new administration led by the prime minister marks the first time the opposition has
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been given a share and power president ben ali was ousted off to twenty three years and is now in saudi arabia tunisia remains tense some protesters demanding radical changes in government professor hall got from the american university of power centers used to be a relatively stable country can now bring instability to the entire region. the main problem for most of the middle east countries and islamic countries in general is what i call the youth bulge of the youth thirds are a large percentage of young men entering the workforce who don't have opportunities for jobs and this is a problem for pakistan afghanistan throughout much of the middle east it needs more competition needs more investment it needs in the in some international encouragement if it doesn't get that then it could simmer it could begin to create fissures in the rest of the region but to these are highly educated they're very westernized they're on the internet the young people all want to identify with
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europe i really don't see them identifying but if the economy doesn't pick up in may see more turning toward towards this if if you can't get the new democracy on the move. orders now are just about twenty minutes past the hour you all with all the live from moscow let's get to some other stories now from around the world this hour and a suicide vest filled with explosives has attacked a crowd of iraqi police recruits killing at least forty five one hundred forty others were wounded in the city all to crete that's just north of baghdad officials say the bomber joined a crowd of about three hundred recruits outside the police station at least two of the dead were police officers and soldiers have stepped up their attacks on iraqi police and troops since the u.s. forces formally ended their combat operations last august. rescue workers in the state of rio de janeiro have continued their efforts to recover bodies trapped on the tons of mud and that very heavy rains storms over the last week have left
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nearly seven hundred dead and more than one hundred thousand displaced the downpour unleashed rocks and raging torrents of water down mountainsides directly into towns used as weekend getaways the government has been heavily criticized for failing to warn residents of the disaster. the former dictator of haiti devaluate has returned to the country twenty six years after he was overthrown he greeted the crowds of supporters but did not say why have you chosen to return or what his plans were also known as baby doc who inherited power from his father at age nineteen percent over one of the darkest chapters in haitian history he's accused of torturing and killing political opponents ruling in an atmosphere of fear and repression. are now time to dive head first into the world of business corrina now joins me mr pelosi really so i want to tell me what news about billionaires richard branson and a russian media tycoon alexander liver didn't want so what's going on there what
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reza wants to acquire a stake in the russian that belongs to russian businessmen in the low cost carrier red wings now we'll talk about that when the talks are still pulling when you and we'll still talk about it later in the program but first to other stories hello and welcome to our business program russia is interested in buying bonds to be issued by the european financial stability fund next week that's according to finance minister couldn't the e.u. is currently preparing a five year bond size between three and five billion euros in order to help protect the euro and sovereign market stability could however dismissed the idea that russia would be interested in buying spanish sovereign bonds. well snow has pledged to invest up to six hundred fifty million dollars in two u.k. microchip plastic logic the state owned high tech company will initially inject one hundred fifty million for a twenty five. percent stake in the cheap plastic microchip maker now if the venture goes through the russian government could take a controlling stake the deal is an effort by russia to diversify into
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a promising to acknowledge plastic logic hopes to generate one billion dollars in annual sales by two thousand and sixteen. he goes ations for russia's entry to the world trade organization could be completed this april so says maksim with head of the country's delegation to the talks he also addressed existing doubts that accession would have a positive impact on small business in russia. there could be progress some companies because it's true as of competition in the good. conditions really. respects influence. marketplace but it's. to prepare for. this new situation is in no going home to build trenches hope system for many years and here in the thirty's. let's have a look at the markets now start with europe where stocks rise with banks and mining
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shares strong across the board for a raise where the top game is afoot see advancing point nine percent after a strong third quarter sales report miners was an extra hour up over two and a half percent on the downside as the energy fell four percent after announcing a convertible bond issue here in moscow stocks have recovered from losses in the morning trade most of the year from now trading in the black bull test of my xix are gaining over half a percent this hour crossed nafta is the biggest where so far up over two and a half percent on the r.t.s. and two percent on them os x. has a trading high after ross never agreed to swap shares with b.p. on tuesday well snapped also said it was selling russia's oil to shell from march loading. british billionaire version father richard branson is in talks with russian businessman and media tycoon alexander lebedev to acquire a stake in his low cost carrier red wings that's according to r.b.c. daily now the talks are preliminary with both parties interested in striking some
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kind of cooperation in two thousand and eight branson claimed he would create a russian airline as a way to enter the country's aviation market all investment programs were halted during the financial crisis. mitsui has acquired an almost fifty percent share in kiwi russia's biggest operator of self-service payment terminals japanese company aims to move into the field of electric electronic payments which is fast developing in russia keep the share of the payments service market in russia totals forty five percent with eighteen media and the users at a low. at that's all the op that we have for you this hour but you can always log onto our website. business shell find more stories like so much.
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