in her. bill you're really. chasing your dream. this is art you live from moscow look at the top stories the world's fastest growing economies call for a peaceful solution to the libyan crisis through dialogue and a reform of the international monetary system so poll breaks group come together in a bid to have their say on global affairs. the u.s. is using the latest technological advances to spread democracy in the arab world the training of anti-government activists is hoped to give

a ripple effect but some say america's intentions are not so pure. and relations between the u.s. and pakistan hit their lowest level since nine eleven son of god demands washington cut cia operations in the country as drone attacks continue to cause casualties among civilians. well it may be almost a year away but america's twenty twelve elections looks set to be dominated by who should pay for the country's ballooning deficit in service of politicians favor spending cuts for pay six services president obama propose a tax hike for the wealthy professor joseph stiglitz a nobel prize winning economist told r.t. the divide between the rich and the poor in the us is already you norma's and needs to be rapidly addressed. joseph stiglitz is a nobel prize winning economist and columbia university professor and he's pushing

for a rethinking of the global economic framework in the wake of a financial crisis i want to thank you so much for joining us professor now you've written recently about the increasing disparity between rich and poor in the united states and you've even compared these conditions to what led to the our us we've seen in the middle east so what do you think are the factors that led to this and what do you think the consequences will be the point i raised was that the increase in the concentration of the income and wealth in the united states has been enormous. would happen in the last couple of decades is almost a quarter of older income goes to the upper one percent. around forty percent but now you measure it by the wealth goes to the upper one percent americans used to think of themselves as a land of opportunity that everybody else thinks of themselves as a land of opportunity and they think of old europe as ossified the

data. show that meanwhile we see protests taking to the capitals of states like wisconsin so it's reaching a tipping point i think they're beginning to realize that most americans are worse off than they were say a decade ago. so it's not just that all this wealth is going to the top if everybody we're getting better off you can say well some are doing little bit better than the others but actually most americans are worse off than they were a decade ago. and that is if you include the sense of insecurity the loss of jobs all of it in security but health rights that most people in europe take for granted and united states people if they lose their job can lose all the access to health care one of things that i raised in my article was that the put not only the political consequences but the economic consequences that there are many things

that any society has to do together. you have to. look at education investments in technology. infrastructure roads. that means there has to be certain degree of consensus for a society to function even economically these are things the government has to do but if you have a very split society there are going to be very different views about what's important if the rich can buy their own parks they don't need to have public parks if the rich can buy their own education we don't have to have public education if the rich can buy their own health care we don't have to have good health care for most americans and that's where we're winding up today so the people at the top that one percent. are using that political power to try to preserve their wealth

and meanwhile making sure that the government doesn't do what is necessary for the prosperity the functioning of our entire society or not seen an increase in funding for empress structure or education or science and that we're think quite the opposite said you think this country is headed in the wrong direction that's right and that was what was brought home so forcefully by the what was going to happen in wisconsin and here you have people saying over the country we need to improve education. but what are they doing cutting teacher salaries now you're not going to attract the best people into education if you don't pay them in that simple economics and it's not a surprise in that context that a day in those standardized scores that rate education over the world united states is really not doing very well so the brain here is that politicians asleep at the wheel are out of touch with reality or the greater flaws of the first exposed me

there are some real. deep flaws in america's political system. our campaign contributions supreme court said the corporations are people i meet it philosophically i find that difficult but they say because we can't restrain the rights of free speech corporations have unlimited ability to contribute and that means they can use their money to get laws that allow them to escape taxation and to shape a political process that really we were for them but not for the rest of the country but what i argued in my paper in my article was this was shortsighted if you don't make these investments we're going to wind up in a divided society in an unproductive economy and even that one percent. will suffer and that is the link between what happened in tunisia and mexico.

and in egypt and other countries where they divide has grown and. it's meant that their economies have function and their societies have nothing speaking of not functioning well but often u.s. dollars because you're someone who's calling for a new global reserve currency but why because some say what's the alternative really but what i've argued for is a creation of a global reserve currency. reserve currencies are my think of a story of value. and the dollar has been very unstable. understandable given the difficulties you might say of american economy you know our performance was not a stellar. but the fact that in a modern globalized economy twenty first century it's an anachronism that a single currency would play the pivotal role that the dollar has played

but i argue and argue michael bay can globalization work is that the dollar reserve currency system contributes to any quality. that poor countries are lending to the united states or close to zero interest rate and then borrowing back a much higher interest rates an equitable increase it contributes to instability. and it actually contributes to a weakening of global aggregate demand a weak global economy because if countries are setting aside. literally hundreds of billions of dollars you might save the cautionary savings. that's money not spent so you're saying essentially it hurts everybody to have a u.s. dollar if that was our currency that's right and we describe what i've described in the u.n. commission that i chair your commission on reforming the global financial monetary

system. explains how we can create a global reserve currency and it's really interesting to be here at bretton woods talking about that because keynes argued for this seventy five years ago. in the aftermath of the great depression he understood. the links between. you case problem the u.k. being the reserve currency then and if we're going to have global economic stability we needed to move off. of the. single currency country being the reserve currency. bretton woods failed from his perspective in this respect and didn't the us say hey we disagree we want to be the main reserve currency and got their way so with the us still have that same power if world leaders got together again today for another bretton woods conference i think that same meeting were healthier in bretton woods the world is markedly different china

has close to three trillion dollars of reserves about a third of the global reserves about nine trillion dollars you're already three trillion dollars you have some voice in what kind of reserve currency system you want to have and china has been very clear that it worries about the current dollar based reserve system right after our un commission came out and support china supported it france's support or russia supported it so there is a wide understanding now you know animists but a wider understanding of the importance of of this idea and i think if the economy will become it remains weak i think that we've more interest as one of the remedies to the current instability and weakness in the global economy can is also been critical of the united states for its policy of quantitative easing and if i've read your writings correctly you think anything they have

a point for what is that money the point is the u.s. is creating liquidity us work very hard to open up global financial markets more of the implications of that is when you create good quiddity you can go anywhere in the world it wants where's it going not where we need it here in the united states it's going where it's not needed in china and brazil and other countries that don't want it so it's not only they don't need it they don't want it. we have to fix the banking system the united states our system of getting money. into small and medium sized enterprises this clucked and the federal reserve has not fixed it you know they may contribute to creation a crisis they get understand the basic economics and that's one of the purposes the meeting here in britain works but because they didn't understand the problems that they were creating they didn't really understand how to fix it and yes they brought us back from the brink they saved the big banks but they have not really gotten our

economy going again i want to thank you so much. going to. space is about all of our national security there is no substitute and there is no alternative to military comes from space. bombs on target little time bellamy looks awful about the natural leader able to look through a space ship it may seem to get better. the frame. of the film has passed look our current. and we must. be. several hundred

dollars of investment in the peaceful uses of body space. obviously incredible investment from the united states and from the european union in canada other countries like this all this stuff is completely in jeopardy if we start putting we haven't seen outer space. chosen from among many. he was given a clear cut mission. a mission he successfully accomplished. became the first ever man in her space. hero of the

soviet union one of the best known persons in the whole world. all his thoughts were focused on flight. could he ever think that his life's work would cost him. just lucky. one happened in those few seconds lead in what you could see these are sealed barrels still blame your regard any place on r.g.p. . they come in. so long to play with. the others want to tell you. what she's the g. the river just. isn't in her. billion. chasing address. are

to. look at the influence of. bringing you the latest in science technology from the realms lusts we've got the huge earth covered. lead the world's fastest growing economies call for a peaceful solution to the libyan crisis through dialogue and form of the international monetary system the so-called brics were a path to gather and bid to have their say on global affairs lead to glasses using the latest technological advances to spread democracy in the arab world the training of anti-government activists is hoped to give a ripple effect but some say america's intentions are not so pure. love and relations between the u.s. and pakistan at their lowest level since nine eleven islamabad demands washington

cut cia operations in the country as a drone attacks continue to cause casualties among civilians. plug. and latest from the world of sports has arrived you know neil is here with us in the study hoti n o t and what a semi final lineup we have had in the champions league lots of fun coming up on a shelf to the cinderella team they're taking on none chest united the giants then the big big and it's el classico again versus ryall madrid wow i guess we'll just have to showdown that night more than likely put the are playing on two other times throughout the month so we have a huge amount of spanish football ahead plus all the sport right now testing. have you with us for this edition of sports today i mean you know neal and peter

are headlines this hour. and then there were four shelf out on the real madrid complete the semifinal lineup in the champions league. breaking the rules and each are punished for failing to field a young russian born player in their premier league game with c.s.k. at the weekend. on court date russia gear up ahead of their faith cup last four clash with holders. but with. a semi final lineup in the champions league complete shelf out on the real madrid complementing their first leg last eight wins with victories on whedon's their shell shocked intra last week beating the holders tried to sue in the they were a class apart at home as well but not really justifying the germans dominance formers ryall madrid raul scoring one and setting up another and a man of the most performance standing between them in a champions league final place not among just enough. good in both of the

upcoming matches against manchester united it is about the same as it was against inter we certainly are outsiders when everything works perfectly in these matches then there might also be a chance for us to make it into the final sure but you're going to show like to congratulate showed good three showing the semifinal is the first time in the history and this is obviously great for the club so once more went congratulations also to some really is a special player who we are going to want to honor not prosecuting clash meanwhile awaits in the other side of the draw ryall madrid setting up the semifinal with all the enemies barcelona after seeing off spurs five nil i get. hitting the only goal of the second leg five minutes after the break so tottenham's dream debut run on the continent comes to an end but it's the upcoming all spanish encounter as markets watering the match marking the third time the sides will make this month

a long. process it's a case of taking each game as a separate entity not over the opinion of whatever happens in the first game could maybe influence what happens in the second third or fourth. game first rate was going to cost as badly you know. obviously. it isn't strong they have a strong showing over over the two loses every chance it'll be as we live in maine in madrid quite comfortably who knows but certainly having korean going down to ten men away from home may be an impossible task for. action on the continent continues tonight so with sports acma school badly in need of inspiration if they are to have any chance of making the europa league last for the larry carpenter a man who supports you after being thrashed five one in the opening quarterfinal like. so i've been with such a figure going to get you more i think that it is wrong to think about winning

fully all five will have to go to the beach and show that what happened in court so apart from ten to twenty five minutes in the first half it wasn't all that old it should be the best incentive i don't think there's a need in the can for some special words. now the russian football union's disciplinary commission her slap their technical three nil defeat on the need some petersburg following their premier league game with c.s.k. at the weekend when the match ended up one one monitor the channel splitting broke our f.-u. regulations by refusing to start a home born player but is a russian citizen under twenty one years of age the reeling champions will also have to pay a fine of two hundred thousand rubles which is around seven thousand us. through those nerves the executive committee of the russian football union included this issue in its regulations last year the main goal is that young players should

play instead of sitting on the bench but we develop our football and such rules stimulate clubs to involve youngsters and playing much less talk tennis now russia are preparing to meet tomorrow defending champions italy in the face cup semifinals this weekend here tell us will be without a couple of top players in moscow but a clash between the two leading squads of the past decade it's always a fiery occasion. on this almost bean counter will be very canned because the italian national team previously proved several times that they're one of the best in the world despite the five they don't have neither francesca schiavone nor flooding will have to work hard against them they won't give us anything for free all of them are experienced all the matches will be very hard we know it and prepare ourselves for it. men's world number one the rough below dallas had another victorious return to monte carlo something that has become

commonplace during the past five years the six time defending champion breezing through the opening round against your own even in the first major event of the cle season dowell he took a little time to improve to a stunning thirty five one win loss record in the event's been simply no answer to an adult power with a spine you're taking it sixty. richard just pay up next but. i mean murray is back into the wind rockets after seeing off about it stepanek in straight sets this six one six four victory marking the scots first since finishing up to the top of each of these two you know by january you see mona is one of the three remaining frenchmen in the tournament is next in line for the world number four. i answering a williams to be back in action as early as this summer instead of an earlier proposed twenty twelve return date according to her twitter feed the american is

already training and eager to return to competition the williams husband played since winning her thirteenth grand slam singles title at wimbledon last july where she beat russian theatre in the real behind the final she then was forced to sit on the sidelines for months after putting her foot looking glass restaurant celebrating when a long archery in a february further postponing her. i bring this to the congress finally where moscow's quest to become the martial arts couple of europe receipts get another push this week mike is and be just the latest begin to listen up here that's robert for the new reports. the crowd of greece in the heart of russia the russian capital welcoming minds in business fifteen time will keep books and gentle man and one of the brightest stars although the seminal

athens native faced another challenge at the r. but fight club in downtown moscow with a w. five grand prix championship vella stick three but a worse in the competition and rushes by this hole in the working weight division but who has sick of watching from ringside. the men known as but one was keen to watch another k. one legend grouse and the fight was torn and hell and most full of months after the beating the dutchman but a unanimous decision as sick of claims that he wanted them but is next in his way to k. one glory. but two they are but green where this man was aiming to write the script and. a young and ambitious fire from ukraine was quick to shock the crowd the nineteen year old biddies down in the first round of their semi one clash with classes class and he's starting to run out of fuel little by little what are and

mike passionately supported by the muscovites old firm and regain what he lost to take the bout to next round which is simply down there. and on the russians turned out to be so hospitable i felt like i was fighting at home in greece i appreciate it greatly and i'm looking forward to taking part in even more exciting battles. cymbidiums had one more war to see off one way to the w. five title though. previously had been the netherlands with. the biggest money ball in russia now representing the united arab emirates and old scores to settle with in business they first came. to face in two thousand and nine it was the greek who won by a majority decision than a skill with his longer reach music he was in keeping his feet and knees busy where there are few better point just in case one ends and business his first iron mike

looked ahead with jabbar seeking a nose if no count three runs or even the next action back in the arena. the hard test for the judges although it turned out to be in the end of the season ending in no title two months and this was collection. emotional scarab not entirely cones and that held the judges sort of going to all the fighters that this torment of very good and i have to give my old debate my opponents a leg that's what made this event so spectacular i always want my fights to get the fans excited and you chose for them it is coming from russia again. there were additional we're going to start negotiating with my exam beat us about our fight right away my team wants to raise this fight in moscow within the fight nights tournament and i'm sure mike will have a problem. i watched the balance between hassock open crouse and i didn't expect back to to win this proves he's

a very good fighter and i'm ready to take him i'm robert gordon on r.t.e. my skill. is your support for this hour i'll see you and two hours time but now it's the world weather then all the news with roy and attraction.

in. bangkok's. time call. her. hotel. to search out.