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tv   [untitled]    June 8, 2011 5:30am-6:00am PDT

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shawn told his discovers flood makes sense arctic air is so special the destructive for many wildlife in and parts ago is close if you live in the front of the. expedition to the bottom of your artistry. here with archie via from moscow at four thirty pm these are our top stories fresh air strikes pound libyan capital as nato escalates its bombardment to dislodge a defined colonel gadhafi meanwhile russia's and boy to libya since both gadhafi and the rebels agree there's no way to end the crisis through war. france and britain are pushing for a un resolution condemning syria's government crackdown on demonstrations but russia says the lessons of the libyan stalemate mean it won't support the moon.
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plus all countries around the world are calling for tasks for all atomic plants to avoid a new for sima the u.k. is committed to expanding its facilities but experts warn bundles persistence with its nuclear projects poses i'm not so security threat. now the financial crisis of two thousand and eight hit america hard but some came off a lot more than others for the banks though it's back to the days of bonuses and profits while others remain out of work struggling to survive are say here is now from investigative journalist a u.v. who explains how the brakes are escaping scot free. i. tried to sit down with author investigative journalist and contributing editor to rolling stone magazine. thank you so much for joining us thank you for having me but let's get right into it you've dedicated a large part of your work in your career to discovering and investigating the
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events that led up to the economic crisis of awakes and the events that happened after and during that whole chaos and my question to you is where is where does everyone stand now it really looks like the politicians have moved on wall street has moved on certainly from that whole extravaganza and yet we have millions of people left basically to men for themselves what do you make of all about well i think we're at a period now we're kind of at a crossroads where the if the government moves forward and doesn't make major changes and doesn't press forward with wide scale prosecutions i think this is kind of like their last opportunity to do that for the last three years or so that really they haven't taken anybody to court at all there's really been no law enforcement whatsoever and i think that's something that people are talking all about a lot of wall street they're kind of wondering when you know the other sure is going to dry up and i personally am hopeful that they actually will do something it's
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just it's too late but it's at least it will come naturally better than nothing right now it's interesting that you've been pointing out that you know bernie made off the ponzi scheme are very famous case but you've been saying that the reason he ended up being you know one basically the only one who ended up in jail so far for a significant period of time is because he was the one who impacted the rich and the reason that everybody else is still held on accountable because they you know impacted people who don't really have a voice apparently you know that i think it's absolutely the case was a good target for a couple of reasons number one. he really had nothing to do with the systemic corruption. to the crash of two thousand and eight he was just a straight up criminal who could have existed in any time period and so he was unconnected to all the really serious stuff that went on all street and also the scale of it was even though it was big for the people who invested in his funds it wasn't anything like the scale of the fraud that went on at the big banks for
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instance there was that and then of course the fact that his records were actors in hollywood and other than other people in manhattan and wall street. that was really the reason why he ended up getting picked it's been over two years and a lot of people politicians people media are saying you know it's time to move on let's let's kind of start growing again and stop talking about the economic collapse are you still angry and who is your anger directed at that whole attitude well it's already over let's not bother going back and stirring up you know the hornet's nest of you know all these troubles that are in the past i think that's a really dangerous attitude because the number one thing that came out of this whole period is that there were absolutely no consequences for any of the people who committed this wide scale fraud we had these massive bailouts and there's an enormous amount of public anger about that and she called all the bailouts with the lack of law enforcement the lack of prosecutions there's really no incentive going
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forward for people on wall street not to commit crimes especially if they're incredibly profitable. you know people on wall street look at that and they say hey if i rip off you know a pension fund or insurance company or a foreign bank. or foreign hedge fund there will be absolutely no consequences basically the only lesson they have learned is that they can do anything and get away with anything and that's just right and even if it is up even if we get completely wrong you know the worst case scenario is that the government is going to come in and bail us out with taxpayer money so obviously the c.e.o.'s are not going to the bankers are not going. care much about homelessness joblessness and all that mess they've created but why don't politicians really make more of an effort at this point i mean it's been enough time over two years so going to start doing something to put stuff back together to put the puzzle back i think there's a lot of reasons for that i think our politicians are completely isolated from what most people in america are really going through they don't spend
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a lot of time with people who are struggling they don't know what it's like to not be able to make their own payment or have your house foreclosed upon and that the horrible thing about this is that this isn't some small segment of the population we're talking about this is becoming a mainstream thing where what used to be the middle class in this country is now facing foreclosure and huge numbers i mean millions of people at a time are going into foreclosure they're losing their houses and they're losing their life savings but i think the people who are running this country don't really see that they don't their entire experience is limited to a very small circle of people who see a very different america one that's very affluent to think about a little further if you could literally describe the relationship between wall street and washington in one sentence really what would that it's completely commingled a it's it's. it's a revolving door of interests where. people on wall street are either directly
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effect sponsoring the politicians in washington with campaign contributions and soft money and that sort of thing or else they are actually politicians who are what can really change that who has the power to do it who has the force to do it and you know who would be interested in changing that will voters obviously have the ability to make those changes they have to have the ability to not choose politicians who are beholden to wall street theoretically but the problem is wall street heavily sponsors both the republican and the democratic parties so automatically no matter who becomes the front running candidate for the presidency is going to be a creature of wall street look at barack obama who i personally admired her on during his campaign of two thousand and eight but if you look at his his his record goldman sachs was his number one private campaign contributor but it was third party is you know is that even an option or is that never going to happen in this country. it was seriously i don't see it becoming a major having
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a major impact i think you might see the occasional politician who is who is really not part of the world not run you know it's people are obviously understanding at this point that democrats and republicans are different sides of the same coin why not get there and they don't know really because. i think your average american does doesn't see that i think. ordinary people are very seduced and mesmerized by this you know phony media created division between blue and red and left and right and democrats and republicans and people are conditioned to believe that there are enormous profound differences between these two parties whereas the reality is their differences are mostly superficial and on the important questions of how the economy is run and how to regulate the economy they're exactly the same but i don't think ordinary can. what about the village between the media and washington d.c.
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like you say they represent either one or the other really these days the mainstream media where does the take us what kind of a really situation does that create in the us and who is supposed to kind of rebound the. people who have this image of. american news media as being. some kind of top down corrupted energy that is pumping out propaganda that's not really the way it works it's really a sort of nihilistic. purely for profit entity that is just to make money and in the process of doing that they're completely they have absolutely no interest whatsoever in doing social interest reporting it will just do whatever it is that's going to attract the most advertising and so as far as politics goes that means playing up this whole reality show narrative of you know
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versus right and so that's our problem there's there's you know these are for profit companies and there's no money in doing the right thing so that's what that's how we get the media we have some kind of situation does that create you know if what you're saying we have washington out to please wall street wall street out to make profit corporations and the mainstream media out to make profit who is out there to do something to you know maybe do something for the american people for example they need to help right now there are a lot of good people in government there are a lot of good people and media the problem is systemically. they're never going to be able to get take hold because the forces at work are or are powerful and they're entrenched and they're also very efficient i mean the media companies they do make a lot of money and so it's going to take an awful lot to move them off their commercial model and i just don't see that happening so real change is not coming anytime soon i mean i don't see it i mean i think you could have incremental change and i think you know if there are big enough. as you might even see significant changes but. for the most part the way it's set up it's just really an uphill climb
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for ordinary people to. get their issues in front of the right politicians and get real change. made do you think a crisis of the way it wasn't big enough is that just the beginning and we kind of expect something worse to happen you would have thought that would have been big enough for me you would have expected a crisis of that magnitude would have motivated to government to make significant changes but they really didn't i guess it will have to be something worse before they can for they you know make those real changes if we switch gears a little bit and talk about you know go from the people who are pocketing all this money to the way the money is being thrown around the globe. first of all militarily of course because that's a serious issue with the wars ongoing in the u.s. i mean that the u.s. is participating in research on this a little bit why isn't this money being put into creating factories opening up you know manufacturing jobs really picking up the middle class back up from its knees.
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that's just not the way. the american political mainstream thinks i mean you would feel if you look at the what happened when obama passed his seven hundred billion dollars stimulus that was ostensibly to create jobs it was it was a government program to help put people back to work there was an enormous coast to coast out of reach of the idea that big government has any business trying people put people back to work on the other hand when we spend ten or fifteen times that bailing out wall street after two thousand and eight. there was nothing like the same kind of outcry or when we spend a comparable amount of fighting pointless and idiotic and bloody wars of conquest in faraway places when we spend enormous sums of money on endeavors like that again there isn't the same kind of always idiotic why do you think you know the politicians fail to see that what does it really do you think the underlying
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purpose of libya for example for you libya i don't know i mean i think this wasn't this was in a situation like iraq where the united states had a clear long term plan to go into this country. and went in there with their eyes wide open in if you look at their rock in afghanistan to me those are much more. indicative of what we have to look for and what they're thinking about in terms of foreign policy they have these long. military stalemates deployments that are going to go on forever and ever and ever and that are going to cost one hundred two hundred billion dollars a year and there are the official policy of the united states that is to keep these things going in to have a presence and that region i think it's political inertia at this point you know if you look at afghanistan for instance. clearly i think the remaining reason that
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we're there is because the democratic party views that. ghana stand as our war it's their way of going into an election season and being able to say that you know we're just as tough as the republicans it's not that we're against war per se we just didn't like the iraq war so look here we are in afghanistan we're tough that's really the only reason we're there so that you know barack obama doesn't have to take criticism that he's weak and limp wristed all right thank you very much for your time thank you. the close up team has been to build the grand reach thank you for the turning point of bringing more to. this time r.g.p. goes to the region where half of the area is occupied by a nature preserve. where the young generation transit in their ancestors to. know
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where the mysterious city of the deadlocks world come from republican more percentage of russia's closer on r.g.p. . party's top stories fresh air strikes pound the libyan capital as nato as clay duke on bartman to sponsor the fly and colonel gadhafi meanwhile brussels then boyd to the b.s. is both the down fear and the rebels agree there is no way to end the crisis for. france and britain are pushing for a un resolution condemning syria's government crackdown on demonstrators but brussels that's the lessons of the libyan stalemate mean it won't support the war. and all countries around the world are struck tast are all atomic plans to avoid a new focus sima the u.k. is committed to expanding its facilities experts warn london's persistence with its
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nuclear project poses a massive security threat and. i'll have more on all the stories of the top of the hour up next that is here with the latest sport. we're watching sport live in our team thanks for joining us coming up in the program friendly rivalry russia in cameroon share the spoils in the lost in last night's game played in salzburg. tiger woods reveals he is not fit enough to compete in the second major of the season the u.s. open having failed to fully recover from a number of injuries. and in baseball in the battle of the biggest rivals boston red sox make it six wins from seven over the new york yankees this year. russia will go into that crucial year of science in twelve qualifiers this also on the back of a draw in a friendly with cameroon and sides failing to find the net and salzburg with
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putting out there also inexperienced russian team. reports from austria. time to experiment just a brief look at the russian line of brookville deep advocates musser plan for the friendly against cameroon simply to give easy youngsters a chance to sturbridge themselves and gain nations to experience. the results of and sport's alex on the golf both made their international debut that while russia's brightest stored under the shah in was lift out of the scored in the world the chief of the indomitable lions similar at all let he steam from the very start . over it was the russians who first showed their creativity but will put it no ripping through the camera and early in the first half. russia kept in control and position leaving the one stroke at a dog adrift hoping to pounce like
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a predator can or is best chance came from the break but to promoting field to find the net in the second half. decided to play nice from his sleeve from a to skull and core and just. cough meanwhile the other man. kept growing chances but with them one after another ten minutes from time cameron might have broken the deadlock but what was heather was seen. in style young russian blood was reinforced by to show off who also appeared on the beach of the red bull stadium in the second half both did their best to make in the event on the scoresheet but the game was destined to be good all this you see. we were highly motivated to go into the match due to facing cameroon and arrow we played well but our execution could have been better especially for myself and go if overall however i feel we've got
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some valuable experience out of this match. three one when he was. thin. i was quite pleased. you have to win because you get some good chances but was happy to see some good individuals for the future version was good the russian youngsters have proved their hair were takes to back up the advocate's basis like. in the giro twenty it will look asian complaining russia will have to fulfill the test much harder than neutralizing the indomitable but friendly lions cameroon robert artsy austria. and there was also here outside its wealth qualifying action taking place across the continent germany moving to within a win of the finals in ukraine and poland after securing their seventh victory in as many games away by john was not of the match nelson who got the ball rolling on
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the half hour mark real madrid failed sneaking his efforts the goalkeeper. one would become two four minutes from the break a super long range boss from home to bone stone to return finds mario gomez and the fine music man does the rest has grabbed a lifeline two minutes from time rock save government cutting the deficit after slipping sloppy work from the german defense there but there was to be has so goal while germany made it three one deep into injury time andrea shoeless story just a second ago for the nationals would to make the points safe. because of the other day's matches to place in seoul where sweden thrashed neighbors fenland five nil dissuades now just three points behind the group leaders of the netherlands also a good night for hungary belarus bosnia-herzegovina and especially the faroe
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islands will be to study and to recall them they will become pain. and today wednesday marks exactly a year until the tournament all those teams are striving to reach kicks off euro swines its wealth will present itself to the world anew also on the eighth of june next year but was poland's co-host ukraine that questions had been raised over how about those issues of readiness are now old news following you eight was the latest inspection. so late and thanks for the commitment odio tory due. to the commitment of the people for the ration of ukraine to the commitment and hard work of the local organizing committee were being wiped out stadiums have already been agreed to training centers airports roads railways and hotels are being constructed or modernized. and use them marine you meanwhile has expressed concern over qatar's alignment in regards to hosting its way in since wednesday two
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world cup finals and to be held in june of one temperatures regularly reach over forty degrees celsius the real madrid manager was speaking in doha on a visit to the city is a spot academy of sporting excellence. difficult feeling we have we were coming from europe we. were there because in cuba. to realize there was a good program will come from different governments around the world but people were such a difficult. moving away from for blood and gulf news tiger woods us suffered another setback following a series of injuries sustained in the last as in april the former world number one i was planning a return to action at this month's years so got need pain will keep him sidelined for at least another couple of weeks that cement which gets on the way in just over a week. woods hasn't missed since one thousand nine hundred four the american has tasted success three times at the legendary events but will be in line for
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a slice of the seven and a half million dollar prize funds for its time out was also strained his achilles tendon at augusta when he hit and that forward from under the famed eisenhower tree at the seventeenth hole tiger hasn't won a major since two thousand and eight piling more pressure on the golf ingrate. asked. successfully overcame a flu bug as well as the miami heat's best efforts to help the dallas mavericks more suspense so the n.b.a. finals the best of seven series now tied at two games at peace with a mouse three point when the eighty six to eighty three victory helping the texas man avoid a three one series deficit which no team has ever recovered from in the finals doing most of his work in the pool of pool so overcoming early struggles to not show up twenty one points the german getting some scoring help for all of them outs from school selection this time around tyson chandler and shawn marion pouring in thirteen and sixteen points on the night respectively. on the loop.
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were all apparently or. in the fourth quarter we're down not only. going to france who are really precious open. connection but we're working on some good looks there in the fourth quarter already from graham. staying with american sports and one of baseball's fields destroyable rees is looking more like a one horse race this year boston red sox once again getting the votes of the new york yankees sixth win in seven meetings jacob ellsbury opening the scoring with a home run before address and gonzalez how the sox add to the leads. and the r.b.i. triple from the california helping the visitors go to nothing up in the first inning momentum was still on boston side in the fifth wave david ortiz punching another homo for a six one lead. now jonathan pedo bog could have easily missed this outing as if it
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was a three game suspension for making contact with an umpire on saturday but for now the state herald was happy to write just a nice to have it save to seal the six hole final score keeping with which and finally more to sports enthusiasts have flocked to than oscar agent to show off their rides at the weekend's car fest but it was their seemingly a journey into private colleagues on two wheels but still the show with some death defying stunts because of course he watched the action. of foolery of japanese more sport technology on display and in action of the moscow region sporty resort of sora channing the custom build turbo charged drift monsters sharing the stage with their older and less powerful you compare treats any car was a go for the fest as long as it was manufactured in japan the organizers steered in a new direction this year by allowing bikes to take center stage and rule three on the second and final day of the event plenty at stake for the riders on the so
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named more would be with a showcase doubling as a stage for the moscow stunt riding called the riders demonstrating an impeccable sense of balance. and yan finding creative ways to stay in the saddle after rising up through really those efforts impressive enough to earn a third place finish mara can cause the another rider seemingly more comfortable on one wheeled into the start men's performance earning him runner up status when all was said and done you're either hoping to call proved to be the most nimble and gary of the riders and in the balance for a while after a tough angle on this circle we each member of this adrenaline charged trio impressed in his own. way they verhoeven above would rule the podium after showcasing his race in bed agree. i started off doing inline skating and snowboarding as well as jumping on a trampoline my father then put me on a bike and i did quite well i later learned that both my parents rode bikes in their younger years so riding on choo wheels is in my blood but participants now
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have just under a month to come up with new gravity defying tricks to impress the crowd needed to grease those wheel bearings for the next event in the capital on july third so a tribute to one country's motoring technology and plenty of thrills and spills for those using it in vans or gorski r t i that is all the sport at this hour any celebrating of the news headlines after the weather.
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in the czech republic he's available in a hotel assayas central. most full stop aida i'm a taste in bosnia and herzegovina available in. the act of each. foot you know. in serbia multis available in regency. wealthy british style roads.

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