markets. can find out what's really happening to the global economy. look at the global financial headlines to cause a report. you're watching t.v. from moscow these are our top stories fresh air strikes in the libyan capital is made to escalate. meanwhile russia's envoy to libya's. rebels agreed there's no way to end the crisis through the. process and britain are pushing for a un resolution condemning syria's government. but russia says the lessons of the libyan well supported move. through all countries around the world according to

stress test will atomic bombs for you fukushima the u.k. is committed to expanding its facilities. persistence with its nuclear project poses a massive security threat. so to sitting down with author investigative journalist and contributing editor to rolling stone magazine matt thank you so much for joining us thank you for having me now let's get right into it you've dedicated a large part of your work and your career to discovering and investigating the events that led up to the economic crisis awaits and the events that happen after 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 manage 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. 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 they really 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 my street they're kind of wondering when you know the you know that she was going to drop and i personally am hopeful that they actually will do something it's just it's too late but it's at least it will come eventually better than nothing right now it's interesting that you've been pointing out that you know bernie madoff the ponzi scheme are very famous case but you've been saying that the reason he ended up being you know basically the only one who ended up in jail so far for significant period of time is because he was the one who impacted the rich

and the reason that everybody else is still held on council because they you know impacted people who don't really have a voice apparently you know that i think that's absolutely the case been made off was a good target for a couple of reasons number one. he really had nothing to do with the systemic corruption. led to the crash of two thousand and eight he was just a street criminal who could have existed in any time period and so he was unconnected to all the really serious stuff that went on on wall 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 instance there was that and then of course the fact is rick tims 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 in the media are saying you know it's time to move on let's let's kind of start growing again and start talking about the

economic class are you still angry and or 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 if you couple the bailouts with the lack of law enforcement the lack of prosecutions there's really no incentive going forward for people on wall street not to commit crimes especially if they're incredibly profitable. you know if 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 a 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 blows up even if we did 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. i care much about homelessness joblessness and all that mess they've created but why don't all its missions really make more of an effort at this point i mean it's been enough time over two years to kind of start doing something to could 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 a lot of time with people who are struggling they don't know what it's like to not be able to make a home payment or have your house foreclosed upon and 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 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 so you've got 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 a revolving door of interests where. people on wall street are either directly 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 it's 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 what about a third party is you know is that even an option or is that never going to happen in this country. it will seriously i don't see it i don't see it becoming a major having a major impact i think you might see the occasional politician who is who is really not part of that world not rather you know if people are obviously understanding at this point that democrats and republicans are different sides of the same coin with not just in that they don't know anything. 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 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. you know that what about the village between the media and washington d.c. like you say they represent either one or the other really these days the mainstream media where does that take us what kind of us really situation does that create of the us and who is supposed to kind of revamp the media at this point people who have this image of. american news media as being.

some kind of top down corrupt good energy that is pumping out propaganda that's not really the way it works it's really the sort of nihilistic. purely for profit entity that is just out 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 the left 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 these 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 in media and the problem is systemically. they're never going to be able to get pick 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. he says you might even see significant changes but. for the most part the way it's set up it's just really an uphill climb for ordinary people to. get their issues in front of the right politicians and get real change. do you think a crisis of oh wait wasn't big enough is that just the beginning should we kind of expect something worse to happen you would have thought that there would have been

big enough for me to have expected a crisis of that magnitude would have motivated to government to make significant changes but they really didn't like i guess it will have to be something worse before they are they you know make those rule 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 and. so 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. that's just not the way. he american political mainstream thinks i mean ridgefield 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 you know

coast to coast outrage at the idea that the government has any business trying to put people back to work on the other hand when we spend ten or fifteen times that of 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 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 outrage from all the words idiotic. you know the politicians fail to see that what is really do you think the underlying 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 if you look at it rock in afghanistan

to me those are much more. indicative of what we 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 is through is to keep these things going into 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 we're there is because the democratic party views us. gana stands are 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 and thank you. there are people suffering. how some take advantage of power that was given to the. secrets of big dirty money. on our t.v. . for

the full story we've got it's. the biggest issues get the human voice face to face with the news makers. sliced up stories fresh air strikes pound the libyan capital as nato escalates its bombardment of this logic to find colonel gadhafi meanwhile russia's envoy to libya says post gadhafi and the rebels agree that 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 demonstrators but russia says the lessons of the libyan state make me support the move. and while countries around the world are calling for stress tests of tommy plans to avoid a new different machine the u.k. is committed to expanding its facilities but experts warn london's persistence with its nuclear projects poses

a massive security for. johnny kavanagh in for more in about fifteen minutes so have more of the day's news in full for you next the one hour to all the latest in the world of sports with natasha. you're watching sports update on our team thanks for joining us and coming up in the program friendly rivalry russia in cameroon chad the spoils in last night's game played in salzburg. tiger woods very bale's he's not fit enough to compete in the second major of the season but 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 season. russia will go into that crucial euro two thousand and twelve qualify as the source on the

back of a draw in a friendly with camera one side's failing to find the net and salzburg will take out a book at putting out a relatively inexperienced russian team for the now reports from austria. turn to experiment just a brief look at the russian line of build the advocates musser plan for the friendly against cameroon simply to give ease youngsters a chance to use the blues themselves and gauge nation through experience oleksandr results of and sports alyssum of both those who made their international deadbeats while russians break this store and shoving was left out of the scoreboard when world the chief of the indomitable lions at all let the steam from the very start. over it was the russians were first showed their pretty beauty. ripping through the camera and early in the first. russia kept in control and position

leaving the line struggle it's all adrift hoping to pounce like a predator can or is best chance came from the break but it took a multi field to find the net. it was in the second half of look at decided to play nice from his sleeve from a to skull and core and just usual cough meanwhile the other men. get great chances but wishes them one after another ten minutes from time cameron might have broken the deadlock but the bush has a seat but which is not in style young russian blood was reinforced by their bins consensual also appeared on the pitch of the red bull stadium in the second half both did their best to make an impact on the scoresheet but the game was destined to be killed this. highly motivated go into the match due to facing cameroon an arrow we play well but our execution could have been better especially

for myself and. overall however i think we've got some valuable experience out of this match. three one really was it's most important thing and today. i was quite pleased the way. kewl you have to win because you get some good chances but i was happy to see some good individuals for the future version with the russian youngsters through their takes to back up the advocate's faces like a shot. in the giro twenty will look asian complain russia will have to fulfil the tests much harder than utilising the interminable but friendly alliance cameroon robert virginia artsy threat. and there was also you know it's winds as well of call defying action taking place across the continent germany moving to

within a win of the finals in ukraine and poland up to securing that seven fixture in as many games and wait and see by john was man of the match masood got the ball rolling on the how follow ball the real madrid that fill that need in his effort cost the goalkeeper their. no one will become two four minutes from the break of the long range cross from hold. on to. finds mario gomez in the binder to grant us the rest has grabbed the lifeline two minutes from time or at the saying of the man cutting the deficit up to sloppy work from the german defense that was to be the host so the old well germany made it very windy in danger a time andrea surely scoring just a second bill told a national school committee wants. the because of the all the days not just stick place and sold out west with and crashed neighbors been one to five neil so it's now just three points behind brooky

leaders the now the lines also a good night go hungry belarus bosnia towards a group or not and especially be thorough islands will be dystonia to record them trade and we know the campaign. and today once the not exactly a year until its own and all those teams are striving to reach kicks off you know it's once it's well will present itself to the world in war so on the eighth of june next year but it was poland's co-host ukraine that questions had been raised over however those issues over as innocent old news following you a first latest inspection. and thanks for the commitment of your tory due. to the commitment of the food bill for the ration of ukraine to the commitment and hard work of the local organizing committee our dollars the white house. stadiums have already been agreed to training centers airports roads railways and hotels are being constructed or modernized. use them or in your meanwhile has

expressed concern over qatar's climate in regards to hosting that's once it's once it's a world cup the finals are to be held in june a month when temperatures regularly reach over forty degrees celsius their real madrid manager was speaking in doha on a visit to the city is a star academy of sporting excellence. difficult feeling. we do whether coming from europe we. have to realise that most of them will come from different government and we need to help the people through the such a difficult. now in golf tiger woods has suffered another side back following a series of injuries sustained at the mosque as in april the former world number one was planning to return to action at this non-serious open but need pain will keep him sidelined for at least another couple of weeks so the tournament which gets underway in just over a week is one woods hasn't missed since one thousand nine hundred for the american

house statesman success three times that the legendary silliman spot will be in line for a slice of the seven and a half million dollar prize on this time around was also strained his achilles stand at augusta when he hit an effort from under the famous eisenhower tree at the seventeenth hole tiger hasn't won a major since two thousand and eight piling more pressure on the gulf ingrate. basketball and successfully overcame a flu bug as well as the miami heat best efforts to help the dallas mavericks add more suspects to the n.b.a. finals the best of seven series now tied at two games apiece after the mabs three point win eighty six to eighty three victory helping the texas man a boy to everyone serious deficit which no team has ever recovered from and finals let me ask you doing most of his work in the fourth quarter overcoming early struggles to notch up twenty one points the german getting some scoring help from the mavericks front or selection this time around tyson chandler and shawn marion

pouring in thirteen and sixteen points on the night respectively. just on the other . is probably a dollar per day. in the fourth quarter. difference really. in chicago where we can have some good looks there in the fourth quarter or difference crime. over to found sane swimming riding shooting and drowning all together russians first ever more than pentathlon of bound to be crammed in cup will take place in moscow this weekend but most of the stalls do you take on. the course. this competition is unique because usually world the european championships is mixed with lowering participants but this competition is very unusual because only twenty four us let's take part in it's people who are currently the best in the sport and each of them can when it suits them

a complication for me this competition is domestic and are simply don't have the right to perform but let's assume. and finally motor sport enthusiasts have flocked to the moscow region to show off their rides and the weekend's car fast by the was there seemingly adrenalin deprived colleagues on to wales and stole the show with some death defying stunts and also gorske has this report of. a full array of japanese more sport technology on display and in action in the moscow region sporting resort of sora chani a custom build turbo charged drift monsters sharing the stage with their older and less powerful skier combat areas any car was a goal for the fast 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 run free on the second and final day of the event plenty of stake for the riders on the sole named moto day with a showcase doubling as

a stage for the moscow stunt writing caught the riders demonstrating an impeccable sense of balance roman gas and yan finding creative ways to stay in the saddle after rising up for a weili those efforts impressive enough to earn a third place finish murat can carve a another rider seemingly more comfortable on one wheel than to the start man's performance earning him runner up status when all was said and done you're either holding the course proved to be the most nimble and very of the riders hang in the balance for a while after a tough angle on this circle we really each member of this adrenaline charged trio impressed in his own way but very hard nick of would rule the podium after showcasing his racing pedigree. i started off doing in my skating snowboarding as well as jumping on a trampoline my father put me on a bike and i did quite well i later learned that both my parents my bikes and younger used to riding on two wheels is in my blood the participants now have just under a month to come up with new gravity defying tricks to impress the crowd need in

degrees 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 vans or gorski r.t. . and this is all the sports for this hour coming up as the last day with our team .

download the official location chobani phone the i pod touch from the i choose ops to. life on the go. video on demand on cheese minefield comes an r.s.s. feeds now an up.