your ipod touch from the. video. keys mine. feeds. of your. comb. you with all of the law from moscow right now. a recap now the top stories of the world's fastest growing economies called for a peaceful solution to the libyan crisis of dialogue and a reform of the international monetary system the so-called brics groups have come together in a bid to have their say on the global of. the latest technological advances are

being used to spread democracy in the arab world antigovernment activists are being trained in the hope of triggering a ripple effect some say the intentions may not be so pure. bad relations between the u.s. and pakistan at the lowest level since nine eleven it's all about the demands washington cuts cia operations in the country and drone attacks continue to cause casualties among civilians. now it may be almost a year away but america's two thousand and twelve elections look set to be dominated by who should pay for the countries that are looming deficit conservative politicians favor spending cuts for basic services while president obama proposed a tax hike for the wealthy professor joseph stiglitz a nobel prize winning economist told us here about see that the divide between the rich and the poor in the us is already enormous and has to be rapidly addressed that discussion is coming your way next.

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 iraq's 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 with the point i raised was that the increase in the concentration of income in wealth in the united states has been enormous. would happen in the last couple decades is almost a quarter of older income goes to the upper one percent. around forty percent but now you measure it in the wealth goes to the upper one percent of americans used to

think of themselves as the land of opportunity that everybody else thinks of themselves as a land of opportunity and if you could over europe is isotopic 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 were getting better off you could say well some are doing a little bit better than the others but actually most americans are worse off than they were a decade ago. and that is it if you include the sense of insecurity the loss of jobs that will it insecurity 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 the the political the not only the political consequences but the economic consequences that there are many things that any society has to do together. you have to. get 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 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 their 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 we're not seeing an increase in funding for and for structure or education or science and said 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 put threat the best people into education if you don't pay them i mean that simple economics and it's not a surprise in the context that it's a day in those standardized scores that rate education all over the world united

states is really not doing very well so who's the grain here is it politicians to say because we'll are out of touch with reality or are there greater flaws in a system exposed i mean there are some real. deep flaws in america's political system. our campaign contributions supreme court said the corporations are people i made it philosophically i find that difficult but they said 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 and 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 and 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 the societies have not function getting enough functioning well what about the u.s. dollar because you're someone who's calling for a new global reserve currency but why because some say what's the alternative really what i've argued for is a creation of a global reserve currency. reserve currencies are i think of a store 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 would argue and argue in my book making globalization work is that the dollar reserve currency system contributes to inequality. that poor countries are lending to the united states or close to zero interest rate and then borrowing back in much higher interest rates an equitable increase it contributes to instability. and it actually contributes to a weakening of global aggregate demand a weak local economy because it countries are setting aside. literally hundreds of billions of dollars to make safe the cautionary savings. that's money not spent so

you're saying essentially it hurts everybody to have a u.s. dollar is the reserve currency that's right and what we describe what i've described in the un a commission that i share your commission on reforming the global financial monetary system. explains how we can create a global reserve currency as 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 down 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 us say hey we disagree we want to be the main reserve currency

and got their way so it would be us still have that same power if world leaders got together again today for another bretton woods conference i think at that same meeting were able to hear him 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 in support china's supported it france's supported russia supported it so there is a wide understanding nine animists but a wide understanding of the importance of this idea and i think if the economy global economy remains weak i do believe 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 seem to be saying they have a point for what is that right the point is the u.s. is creating liquidity us work very hard to open up global financial markets and one of the implications of that is when you create with quiddity you can go anywhere in the world it wants and 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. in two small medium sized enterprises it's call option and the federal reserve has not fixed that you know they may contribute to three asian a crisis they didn't understand the basic economics and that's one of the purposes

the meeting here in bretton woods 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 for the center via. the. space above our national security there is no substitute and there is no alternative to military comes in space. bombs on target time ballmer. that's one of the natural ability to look through space should. make it better to. leave.

the building classic our current. plan. and we must. be. several hundred. years of investment in the peaceful uses of barter space. on this incredible investment from the united states and from the european union in canada other countries like this this is completely in jeopardy if we start putting graft and soon outer space. chosen from among many. he was given a clear cut mission. mission he successfully accomplished.

became the first ever met in outer space. of the soviet union one of the best known persons in the world. his thoughts were focused on flight. could he ever think that his life's work would cost him his life. what happened in those few seconds. and what sequence these sealed barrels still. keurig are in. place when our t.v. . sets. its.

sights. the headlines are one r t the world's fastest growing economies call for a peaceful solution to the libyan crisis through dialogue and they also call for a reform of the international monetary system the so-called of brics group come together in a bid to have the say on the global of. the latest technological advances are being used to spread democracy in the arab world antigovernment activists are being trained in the hope of triggering a ripple effect some say the tensions may not be so. bad relations between the

u.s. and pakistan hit their lowest level since nine eleven is mum about it demands washington cuts cia operations in the country as drone attacks continue to cause casualties among civilians. or let's do a diving headfirst into the world of sports with. good to see you so what a semifinal lineup we have here we have had in the champions league i can only imagine that the good man you are just going bonkers at the moment i suppose because they've got what looks on paper to be the easiest part to the final piece take on shelf who remember pete interest so that no pushover but at least the other game rory has tongues are wagging it's barcelona versus real madrid so i suppose nothing will be getting done in spain that night as everything turns to a stop as all eyes follow the game why it's nuts if you know there's four. games ahead over the next twenty one days but this is undoubtedly the biggest we've got all the reaction to that plus the rest of the sport coming away now it's huge.

to have your company this is sports i mean in the middle of these are ahead. and then there were. poor shelf l'oreal madrid complete the semifinal lineup in the champions league. breaking the rules and eight are punished for failing to field a young russian born here in their premier league game with c.s. cut off the weekend. and hours away the kontinental hockey league could have its year three champions later today when unbeaten solid aim to make it a final sweep against underdogs. but it is football where we start the semifinal lineup in the champions league is not a complete shock on the real madrid complimentary first leg lost eight wins with

victories on whedon's then i shall get a big shock to enter a last week beating oldish five two milan they were a class apart i phone as well but she won't score i'm not really justifying the germans dominance former real madrid man role scoring one and setting up another in a man of the match performance standing between them on a champions league final place now among chester united. and both of the upcoming matches against manchester united it is about the same as it was against inter we certainly are outsiders we win everything works perfectly in these matches then there might also be the chance for us to make it into the final. for john to compliment would like to congratulate shoka for reaching the semifinals is the first time in their history and this is obviously great for the club so once more my congratulations. really is a special player who we can assume with the words you are fascinating flush meanwhile in the other side of the troll ryall madrid setting up

a semi final part with all the enemies barcelona after seeing off spurs five nil on aggregate ronaldo heading the only goal of the second leg tie five minutes after the break so thoughtless dream to be run on the continent comes to an end but it's the upcoming all spanish encounter that has marked. clash marking the third time the sides. meet over the next twenty one dates. for people but it's a case of taking each game as a separate entity not of the opinion of whatever happens in the first game could maybe influence what happens in the second third or fourth delivery really balance game first rate was the game that caused as badly. obviously. isn't a strong idea of a strong soil and over over two loses every jobs it'll be as we live in maine in madrid quite comfortably who knows but certainly having you know going down to ten men away from our own may be an impossible task for. action on the continent

continues tonight with sports moscow badly in need of inspiration if they are to have any chance of making europa league last four of the larry carpenter manholes ports or after being thrashed five one in the opening quarter final leg. of them with which to go. i think that it is wrong to think about winning five nil we have to go to the beach and show that what happened in court to a point from ten to twenty four minutes in the first half it was intolerable that should be the best incentive i don't think there's a need to looking for some special words like the only other quarterfinal tie that doesn't look rather already is the bracket genomics here match up which is currently poised at one eight view reality is drawing favorites with porto for the title and they'll be confident of leaving that along with a sizeable i will get winning margin against twenty having already beaten them five one but anything else on earth really a win for p.s.v. will see benfica safely into the last. russian football union's

disciplinary commission has slapped a technical three nil defeat on the need some petersburg following their premier league game with the weekend the much ended up one on one but the need to monitor luciano split he broke r.f.u. regulations by refusing to start a war and player that is a russian citizen under twenty one years of age the reigning champions will also have to pay a fine of two hundred thousand rubles which is around seven thousand us. those models the executive committee to the russian football unique clue to this issue in its regulations last year the main goal is that young players should play instead of sitting on the bench thus we develop our football and such rules stimulate cobbs to involve youngsters and let them playing much but there's a power struggle meanwhile over at english premier league side arsenal the gunners

american majority shareholder stan kroenke stoled in his bid now to become the club's sole owner thanks to really show this man off krakow owns a total of five sports teams in the us and recently increased his arsenal state. she sixty three percent. russian is small enough is now the last major shareholder of the club and says he will not let go of his twenty seven percent simply because he's a huge fan of the team the billionaire was denied the chance to increase his ownership in the past had to watch as the same shuras were sold to crunch gear in self needs to control seventy five percent of the londoners to make major changes in the way the clubs. but more big performance from you live in a few hours time and it is party time in victory over at lance meaning the continental hockey league title is in the by perfect just love because charges because he's also a coach of the russian national team and he's used every ounce of his considerable

managerial now says to help the trumpet line in three close encounters tonight's well they haven't won by more than two goals throughout the series whatever happens in the best of seven months and hunter who beat you name on the trophy with boras having won every crowd since the league's induction three seasons ago. it's been quite a year for such intent to occur it's just got even better the indian name by sporting bible whiston twenty ten leading cricketer in the world there's so name little master rewriting a whole host of records this season including becoming the first player to reach fifty test hundreds he also picked up his first world cup medal on the way to notch in fifteen hundred test runs becoming the first cricketer to hit a double century and one day international law was almost forgotten about it in a season racked with accolades to joker is the third successive indian to be named player of the year beside this man there undersea a wide who's won the two previous. tennis no on men's world or on rafael

nadal has made another victorious return to monte carlo for six time defending champion breezing through the opening round against york on even in the first major events of the clay season it's all taking a little time to improve to a stunning thirty five and one the win loss record in the event finished mean then with the answer for the dolls part spawn you take six to two but if she gets up next to the. now brings it to the canvas finally where moscow's quest to become the martial arts capital of europe received another boost this week not zombie just the latest big name kickboxer to listen up here as robert for tonya reports. back at the plight of greece in the heart of russia the russian capital welcoming minds and business fifteen thousand will keep books in gent than in one of the brightest stars ogilvy stem out the athens native faced another

challenge at the hour but fight club in downtown muster with a w five grand prix championship bella stake three other worst in the company sion and russia's brightest in the working weight division but who has watching him from ringside. the men known as the one was keen to watch and another key one legend grouse in the fight nights tournament hell in a school last month after the fitting the dutchman but a unanimous decision as of claims that he wanted them but is next in his way to play one glory. but do they are both green where this man was aiming to write the script and. a young and ambitious fire from ukraine was quick to shock the crowd a nineteen year old knocking them but is down in the first round of their seventy one clash of classes class and he's starting to run out

a few little by little what are and mike bashing was supported by the muscovites old firm and regain what he lost to take the belt to next round and she simply done it. 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 an even more exciting battle. crime baby's head one more war to see off one way to the w five title. we've used to have been in the netherlands we are just on a russian now representing the united arab emirates and all scores to settle with him because they first came face. that face in two thousand and nine it was the greek one by a majority decision them scare off with his longer reach knew the key was in keeping his feet and knees busy where there are few better contras in k.

one thans and business the first iron mike lived to have their age with jaguar seeking an illusion of near killed three rounds of it in the next action back in the arena. the hard test for the judges although it turned out to be in then as the season ending in no title two months and this is collection. emotional scarab that entirely comes in with all the judges so. all the fighters at this tournament a very good and i have to give my old debate my opponents that's what made this event so spectacular i always want my points to get the fans excited and he was and it is coming from russia game. we're going to start negotiating with my exam be this about our fight right away my team wants to raise this fight in moscow within the five nights tournament and i'm sure mike won't have a problem you know i watched the balance between hassock open crouse and i didn't

expect better to win his proves he's a very good fighter and i'm ready to take him along. r.t. moscow i'm not your sport i'll see you soon.