is in her. chasing a dream. for the. we've got it for. the biggest issues get a human voice face to face with the news makers. who very well this is coming from the russian capital with twenty four hours a day top stories now. finish passed out of favor with his church and his government. terrorist website hosted by finland you have been and is facing criminal charges for inciting racial hatred and maintains he's a victim and he's even received death threats from russia's number one terrorist docket model for. the world's emerging super powers pledge their commitment to

a new global economy and call on the nato led coalition to play by the rules. as the u.n. has some explaining to do over its resolutions on libya and ivory coast of being implemented. and the u.s. is accusing the canadian regime change in the arab world from cyber warfare all under the guise of democratic revolution setting up an army of paul callan speaking for western intervention in libya may be just one of the tricks of the cia's sleep . about with more news running in less than fifteen minutes from now another update but in the meantime america's twenty twelve elections may be a year away but they already looked set to be dominated by one issue how to reduce the country's huge deficit when as the democrats and republicans start. to tackle it. with professor joseph stiglitz he's a nobel prize winning economist for his views and that interview is coming next year.

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 national crisis and 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 other 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. raised was that. increasing the concentration of income and wealth in the united states has been enormous. what's happened 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 the wealth goes for one percent of americans used to think of

themselves as a land of opportunity that everybody else thinks of themselves as a land of opportunity and if you could over europe as a sephardic. the data. to show that need while we see protests taking to the capitals of states like wisconsin so it's right on the 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 mooste americans are worse off than they were a decade ago. and that is that it includes the sense of insecurity the loss of jobs 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 in the not only the political consequences but the economic consequences and then out there are many things that any society has to do together. you have to. that education and that's mix in technology. infrastructure roads. that means that 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 at 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 n.p.r. structure education or science and said we're think quite the opposite side 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 i mean that simple economics and it's not a surprise in that context that the 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 the politicians asleep at the wheel or out of touch with reality or their greater flaws in the system it's both i mean there are some real. deep flaws in america's political system. our campaign contributions supreme court said that corporations are people i mean it philosophically i find that difficult but they say because we can't restrain the rights of free speech corporations have the 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 they really works 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 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 functioned speaking of not functioning well what about the u.s. dollar because you're someone who is calling for a new global reserve currency but why because some say what's the alternative really would have argued for is a creation of a global reserve currency. reserve currencies are my think of a store of value. and the dollar has been very unstable. understandable given the. difficulties you might say of american economy if you know our performance was not a us dollar. 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 i've argued 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 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 the u.s.

dollar is the reserve currency that's right and what we describe what i've described in the un commission that i cherry red commission reform 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 me 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 the 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 that same meeting were 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 only three trillion dollars you have some voice in what kind of reserve currency system you want to have and chinese been very clear that it worries about the current dollar based reserve system right after the u.n. commission came out in support china's supported it france's support of russia supported it so there is a wide understanding not you know animists but a wide understanding of the importance of this idea and i think that the economy global economy remains weak and it will be more interest as one of the remedies to the current instability and weakness in the global economy china's also

been critical of the united states for its policy of quantitative easing and if i read your writings correctly you seem to be saying they have a point so what is that point 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 if you 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 aid us 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 mistakes our system of getting money. into small and medium sized enterprises is called up and the federal reserve has not fixed it and you know they they contribute to creation 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 and they saved the big banks but they have not really gotten our economy going again i want to thank you so much for. every space is above all of our national security there is no substitute and there is no alternative to military moments in space. bombs on target little time bellman clubs will above unless will either able to deliver through space ship seems to me better. company crammed down

to film her past cow or her book. and we must. be. several hundred dollars of investment in the peaceful uses of space. on this incredible investment from the united states and from the european union to canada other countries like this all this stuff is completely in jeopardy if we start putting we have been 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 outer space. of the soviet union one of the best known persons in the whole what. all his thoughts were focused on flight. could he ever think that his life works would cost him. just lost. what happened in those few seconds. and what sequence the seal barrels still. keurig aren't. on r.g.p. . bookstores

are not see a finished past it falls out of favor with his church and his government are lashing out at a terrorist web site hosted by finland you haven't already has been defrocked and he's facing criminal charges for inciting racial hatred for the meetings he's a victim and has even received death threats from russia's number one person talking a lot of. the world's emerging super powers pledge their commitment to a new global economy called the nato led coalition to play by the rules in libya present to me to me again it says the u.n. has some explaining to do about how its resumption is called libya and ivory coast

are being implemented. and the u.s. is accused of manipulating regime change in the arab world through cyber warfare all under the guise of democratic revolution all these online accounts freedom from western intervention in libya maybe just one of the tricks of the cia's sleep. that's opens up today for the moment it's got more news for you fifteen minutes in the meantime the time is next with the latest from the world of sport. thank you bill welcome to my sports news magazine and here is what's coming up this hour to be continued i'll come back and pay child finals against a low volume game poor and cussing doable gap in this series that won. the election is in full swing tonight with three year old college quarter finals of the draft while sparred by most who are are all already losing to any games or absent

for. while the champion's league semifinal lineup is now complete with charlotte and real madrid joining munster united and boston though not in the last pulling wednesday's second legs. and we begin with a cage where a long fullback in the russian hockey finals against slovakia you live denying the hopes of a clean sweep in the series by winning thursday's game for the good will stop of the street and video of scoring a goal each in the four zero trial in the in front of a home crowd in the moscow region so long may be overall schools three people moving to slow ball to the arena in the fall for saturday's game five remember whatever happens in the finals there will be a new name on the garden cup trophy without bars having won the title in the previous two that was. over and google's particles close prostration maybe you're awfully good finals seems to be with just minutes left in the second leg quarter final clash with the poor to always the portuguese who also two up in today's match

and nine three on aggregates are still in dubai and substance use scoring the consolation goals so nights in fact porto have just cooled the pit so it's two in today's clash and sound three overall how the rest of the cycle mags are viewed as solved in a few minutes time across europe billy areola join favorites with porto for the title and they will be called. couldn't of leaving than the other ones with a sizable aggregate win against f.c. twente or having already paid five one anything else than a three mil win course we will see benfica safe mean to the semi's as well so the only quarterfinal that doesn't look wrapped up already is the brother versus normal peer pressure which is currently poised that one goal at least and i'm a coach and expecting a nail biter in this one. and while the semifinal line up in the champions league is now complete shall camp real madrid adding second wins to their

solid first leg from instance on wednesday night. into last week beating the holders five two in milan and there with them and at home as well as to me to want to trade for more el madrid mandrels scoring one and setting up another in a second straight stunning performance for shockey standing between them and the champions league final place now it leads manchester united. in goals of the upcoming matches against manchester united it is about the same as it was against inter we certainly are outsiders but when everything works perfectly in these matches then there might also be a chance for us to make it into the final. but you're going to complement would like to congratulate show for reaching the semifinals is the first time in history and this is obviously great for the club so once more well congratulations also really is a special player. a fascinating clash meanwhile awaits in the other side of the jury on madrid setting up a semifinal with the main rivals possible after seeing all square as five nailed on

expert gets thrown out hating the only goal of the second leg five minutes south of the break. on the continent comes to an end but if they have come in all spanish encounter that has mouth watering the match marking the third time the sides will meet this mark on loan because of it's a case of treat each game as a separate entity and not in the opinion of whatever happens in the first game. could maybe influence what happens in the second third or fourth lurie really balance game firstly to going the course just badly. obviously. you usedn't the strong livestrong and over over to. be is really living mainly in madrid quite comfortably who knows but certainly i mean you know going away from home may be an impossible task for us and there are in english football carlos tevez won't be able to help manchester city against rivals united in the f.a.

cup semifinal at south of the the argentine suffered a hamstring injury in monday's game with liverpool at anfield and will be sidelined up to four weeks manager roberto mancini is hoping for success. to separate from much as it seems to him something. fortunate for us here i think that we all worked in the last few years may be. fortunate someday when you get to nuclear you know the last letter saying. if you. pick up we're going to for a week or so for us change over a few games and as world number one up on the dollars move the step closer to seventh monte carlo masters title rafael progress and into the last eight of the first major events of the clay court season knocking out the thirteenth save rashard scale france standards of the opening set comfortably six two the next was a close a one hundred favorites many of them and another break up which was enough to

secure a six four victory in a dull will now face former world number three evander beach of creation who defeated thomas burdick the other. general i think. mythical goal was playing and so it took it's a very very very sad for. another. case for them to go from having a fortune. a similar scenario in order further as the ground encounter with cross religious was cruising into the waters six four six three in just over one hour. now the twenty eight sand twenty eleven n.b.a. regular season is now officially in the books the battle tested two time defending champions l.a. lakers still the team to beat in the upcoming playoffs but as advancer gorski explains their throne is under serious threat from both the up and comers and all the veteran schools. the second seeded lakers have gotten used to playing and

winning in june over the past two seasons but their campaign for three peat could also be their best chance to live the larry o'brien championship trophy for some years coaching legend phil jackson who won three titles in a row three times during your screen year as most likely in his last season on the sidelines all but two prominent players on the team are over the age of thirty with leader kobe bryant in his fifteenth season twenty three year old center and who by him has also missed significant time due to knee injuries the past several years the defending champions will those be hoping to finish of the seven seeded new orleans hornets quickly and their best of seven first round serious and san antonio spurs are another championship tested better in team gearing up for a possible less than thirty four year old tim duncan in coach gregg popovich should be in their team for the top seed in the west and the duo is aiming to add a fifth n.b.a. title since they joined forces in one nine hundred ninety seven they'll try to

avoid any underdog blues in their match up against the eight seeded memphis grizzlies. third seeded dallas are hoping to find that winning balance in the postseason the mavericks have followed a four game losing streak with a run of as many victories to end their two thousand and eleven campaign a potentially tough test against the surging portland outfit waits for seeded oklahoma city and a fifth seed of denver provide for the most even the match spectacle of a first round in the west both teams also capable of doing lots of damage to those aging championship squads in the later rounds thunder youngsters kevin durant's and russell westbrook could prove a particularly tough test for the more seasoned crews the n.b.a. statistically best team this year however resides in the east and chicago bulls locking up home court advantage for the entire post season after setting a league best mark of sixty two wins with derrick rose blooming into an end. the front runner and a solid supporting cast and coaching staff the team are big favor is against the

eight seeded indiana pacers the miami heat these are two of arguably the best players in the early today but look ryan james and dwayne wade alongside chris bosh and company have plenty of questions to answer at a time when games slow down and adjustments in the series become essential the second seed should make it out of the first round against philadelphia go without a problem the boston celtics are the east most battle tested group they still remember losing last year's n.b.a. finals to the lakers in the deciding game seven it remains to be seen whether the original big three of paul pierce ray allen and kevin garnett there's enough left in the take it gives the running go mix featuring two all stars in their prime fourth and fifth seeded orlando in atlanta evenly matched seeding wise with the holes got swept by the magic in the second round last year so a few more shots a glory for the old guard as they try to fend of the new kids on the block i love

the same thrill runs the gorski arche now we've had of a power play nice hockey before but what about golf nine holes and two flags on each green providing for a shorter format favoring risk taking by going for the harder flag that's a new concept well that a seven ball case a house and grabbed a new goal chart twenty twenty cricket i don't want is just to be a donation and walk away. so as long as you recognize it's not that it's. my involvement with the zero i want to go a lot further i think it's just the start. meanwhile golf's biggest star tiger woods wrapped up his asian minutes so early it's a paying a visit to south korea the former world bastos reputation has been large recently a star one of the most beloved sports figures among young athletes some of them had a chance to take part in a skills clinic held by the fourteen time major winner. they're going up slowly for the first time soon for me this is true so you live in the city you seem to be out

here it's on the mainland it's very exciting. that's made us this hour come not show me the weapons on bail will bring given us had lines stained our t. .

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