tv [untitled] July 14, 2011 5:01pm-5:31pm EDT
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of privacy on a staggering industrial scale notes even the rich and powerful could escape then chancellor gordon brown's baby was splashed over the front page of the sun his illness a sick headline royal family phones were hacked the scandal even goes right to the heart of the police force senior police officers were bribed by journalists for tipoffs on sensitive investigations private lives were made public now we've got. to be some hacking into gordon brown's private life you have to so you have to start to wonder what else is in and of course it's the heart of it it's not just. the use of what we call blankets these are people who information what should be private sources like medical records tax records it's taken thirty years for the worst fears about the british press to come true but come true they have murdoch may own successful newspapers in an ailing market but their papers which have lost
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their greatest asset the public's trust the u.k. has more c.c.t.v. cameras per person than anywhere else in the world i've counted eight just in this small car park so britain's always know big brother is watching but the question now is what's big brother watching for and more importantly who's trying to bribe him lower and it r.t. london. as divers continue to retrieve bodies from the volga river the number of victims after the pleasure cruises sinking on sunday has now risen to one hundred thirteen the vessels captain was also among the dead his body reportedly found on the bridge meanwhile authorities are drafting up plans to lift the vessel off the river bet all the necessary equipment is being delivered from other regions in russia and the mission could start as soon as in the next five days on thursday russia's prime minister putin has visited and paid tribute to the rescue operation and said that those whose negligence and greed led to the disaster must be punished
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. reports on how the investigation is proceeding. the first arrests have been made and this is starting to move beyond just a disaster recovery operation the two people that have been arrested so far are in new york in a she is the owner of the company that rented the ball daria for what would be its final voyage also. he is a state expert on shipping and sometime before that voyage he said that the area was fit to sail and so perhaps was negligent in that decision divers are still working in teams in our in our out in a on a platform out in the river over the sunken bulgaria it's now estimated there are around a dozen bodies left to be recovered divers have explored most of the ship now there might be some places left where bodies could be but it is possible that some of those bodies may know may not be in the ship they may be in the water around the
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ship and in a worst case scenario currents may have carried some of the bodies up to two hundred kilometers downstream there's also been revelations added to the case of the of the bulgarian and was particularly concerning to ships just after the sinking but passed by and didn't pick a single person up there's been massive public fury over this and that has recently been perhaps somewhat tempered by the views of some experts saying that actually these two ships that arrived with people in the water and in the oil slick around them they weren't passenger ships they were barges and it would have actually been very difficult for them to pick people up and they may have actually hindered the third ship the arabella which came in did start to pick people up we earlier spoke to the captain in an exclusive interview the captain of the arabella saying what he found when his ship arrived at the scene of the disaster got
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a little bit out of it happened really fast trying to turn minutes after we heard the distress call. as we approached it was hard to distinguish in the dark water of people who were alive from the rubble that was floating around and people were in panic when we rescued them in a state of shock but some suffering from other traumas they were all covered in oil fuel that was leaking from the sunken ship it was a terrifying picture i have to say. because out to know the arabella also added his own views to those of those two other captains he was in the vicinity as they were and he gave his own views on the public fury and the experts saying well maybe it was they didn't do such an awful thing let's hear what he had to say about that. we were approaching the position of the tragedy we're almost at the same time as it would be cargo ship i don't know why he didn't stop maybe try to handle it but the inertia of heavy cargo wouldn't let him but as we approached the side it only hampered the rescue operation i asked him to proceed and not waste time so there's very mixed feelings now about the role of these two ships the rescue operation will
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shortly if they can recover the rest of these bodies be moving into its next phase and that is for two ships specially equipped to try and raise the sunken garia and then it will be known hopefully in a proper investigation can start as to why this ship sank and sank so fast causing so much tragedy. reporting there we've got more on our website including footage of the recovery operation still underway on the volga river you can log on to r.t. dot com for the first hand account of. a wave of criticism is gathering momentum in israel over a new bill that helped was the boycott of israel and jewish settlements on occupied palestinian territory opposition parties have called the law an attempt by a weaken government to silence the people one peace movement has petitioned the supremes court against the bill prime minister netanyahu faced a stormy session in the knesset on wednesday where he was himself forced to defend
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them all and some members walked out in protest of legislation imposes. boycott organizers and allow settlers to sue them for compensation. from the boycott divestment and sanctions movement in ramallah says the bill will only make the pro palestinian faction stronger. has never been a democracy and can never be a democracy so long as it's an apartheid state so long as it has tens of laws discriminating between its jewish and none jewish citizens so long as it denies millions of palestinian refugees the right to return home and so long as it continues with its occupation of the west bank including is true as well as gaza so a country committing such violations of international law and of basic human rights cannot call itself a democracy professor illan popular israeli historian maybe had to try to when he said israel is ahead in full which is a democracy only for the master class not for everyone if anything israel is going
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it's really pushing fast forward in digging the grave of its occupation and apartheid as long as palestinian rights are not respected by israel as long as the occupation continues apartheid continues then i look refugee right continues palestinians have no choice but to continue to resist to continue to struggle. now a brief look at a couple of other international headlines in our world update this hour victims of the three coordinated bombings in mumbai are being laid to rest at least seventeen were killed when blasts struck three downtown locations during the evening rush hour police say the attacks were well prepared and equipped with sophisticated explosive devices investigators admits they have no immediate suspects but that all terror groups are being considered. a suicide bombers attacked a memorial service for the assassinated half brother of afghan president hamid karzai at least four people are reported killed in the blast that rocked the mosque including a top cleric a day earlier two explosions shook the city of kandahar during
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a funeral ceremony for. the leaders brother was shot twice by his family friend a long time head of security on tuesday. egypt's ousted president hosni mubarak has reportedly told interrogators that he didn't order the crackdown on protesters during febreze uprising that's after the country's ruling military council announced it will fire hundreds of police officers implicated in the killing of almost a thousand demonstrators meanwhile protests carry on for the seventh day running into his square at the center of the original uprising that ousted the former president. the eurozone debt crisis now focuses on italy where the senate has approved tough new austerity measures the package is set to receive fun of approval in the country's lower house on friday it comes amid concerns that italy the euro zone's third largest economy may become the next task for a helping hand from his both in the portugal having their ratings downgraded to junk status dealing a serious blow to the bailout ridden europe which struggles to prop up its weakest
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economies writer and editor patrick young says that italy's public will perhaps protest budget cuts at least as fervently as the greeks. there will be one significant difference between the people who take to the streets between greece and italy and that is that in greece at least thank goodness the taxi drivers don't go on strike where is nuclei expect almost everybody is going to end up on strike and it's going to be absolutely chaotic the only way they can slip this through is perhaps because we do have this long lead in time until the cuts really start to make an impact in two thousand and thirteen but i think the problem is in the meantime a large amount of the sort of the leftist opposition in italy for see the fact that silvio berlusconi due to many of the reasons most of which are outside of the direct fiscal reason are well i mean he's a wounded animal at this point in time and in some ways i think that he's going to be finding it very difficult to hold his government together and this is really a crisis because i mean greece is only what two and
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a half percent of the entire euro zone economy something like but it will give it a serious heavy hitter as everybody who's ever bought a designer italian brand or an italian car or another is retired in engineering knows and it's ultimately going to be hugely difficult this is a fundamental debt crisis across the whole euro zone and in fact what's incredible is we have an atari and mario draghi who's going to be the next head of the european central bank he's coming into office at the moment and he himself knows the sold them seat of sovereign states is no longer to be taken for granted in other words at this point in time any possible shock could tip list the difficulty years but. all of the large economies along side most of the small ones have all the road too much money there are big problems in western europe they hear them to be in are definitely to the east everyone not talking fortunately expect further prizes because the academic contingent seems to be spreading and we have new political leadership seeming to do with the. credit rating agency moody's as ward
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washington that it might downgrade the country's triple a rating if its multi-trillion debt ceiling is not raised this comes as china america's largest foreign creditor urges the obama administration to adopt response or policies to protect investor interests want to discuss this i'm now joined live by scott carty the c.e.o. of a bold investment company joining us live there in los angeles thanks very much indeed for being with us now this is surely all political posturing as now the u.s. cannot afford not to raise its debt ceiling because if it didn't what would be the implications. well bill you're absolutely right and thanks for having me on the program clearly the debt ceiling will be raised i think you're right it is political posturing and everyone on each side of the trying to extract the best deal that they can but if we were to play the worst case scenario and we were to not raise the debt ceiling and then default or some sort of nonpayment of bills it shakes or rattles the confidence in the world that the the u.s.
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market and the government of the u.s. is committed to its obligations long term we have nobody that can bail us out so we have to be steadfast and true on our ability to pay our bills rattling the confidence in the world that somehow we would not pay interest payments or not pay social security checks would at minimum demand a higher return on the treasuries that we sell but at worst case would cause individuals and institutions to move away from treasuries and diversify their portfolio but isn't the confidence in america already rattled that we hear a bad things about the economy the moment and america's foreign debt now stands at what fourteen trillion dollars i mean that's a huge amount for any country is this not an alarm bell saying something now has got to be done about this if so what can be done. what bill you're absolutely right however the markets are not responding that way when there is a crisis in the rest of the world the markets sovereign institutions institutional
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investors are still running to u.s. treasuries and they're still running to the u.s. dollar so the market saying one three one thing but the headlines are a different story and yet every reason you know yes the threat by moody's. go ahead . but just by raising that debt ceiling therefore raising the debt for a certain amount of time yet again so short of that isn't sending the right signal is it although you say the markets are saying something different it doesn't seem to make sense doesn't it. well it doesn't but the bottom line is that whether the dead has raised one trillion or two trillion dollars right now the us government is running deficit spending to the tune of approximately one and a half trillion a year and that's projected out for the next five ten years so the fact that the debt ceiling needs to be raised is secondary the bottom line is that our g.d.p. growth and our deficit spending how much we spend on government dollars versus tax revenue has to come into line that's the only time in which the debt ceiling will
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not need to be raised and that's the same by the way bill for many countries that's what you're seeing in spades in greece and portugal and the e.c.b. is just kicking the can down the road just like the u.s. on these sovereign debt issues get the spending in line and then debt ceilings are a secondary topic what about talking about moody's a little of course here is a rating agency raising concerns when america has obviously been in debt for years so why is it now speaking out against america's situation when of course we've seen it speaking out against the situation in europe and being accused of being biased towards the european situation. well i think it's a good point i think the credit agencies are doing their job i think one would argue that they were criticized for being flat footed during the mortgage crisis several years ago and they started with europe they've been pretty harsh with the european sovereign debt countries clearly the countries that can't print money
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greece where they have to rely on another institution for bailouts that puts more risk to them than countries that are managing their own currency like the u.s. and the bottom line instead of defaulting on debt can print more money devalue the currency and pay the current bills in cheaper dollars so i think that there is a common understanding in a common approach worthwhile approach by the credit agencies to be pretty harsh on some of these european countries without a theocracy but yet also shoot a shot across the bell if you will of the u.s. to say get your long term vets in line or your credit rating will be in jeopardy as well. and obviously the euro is already struggling seeing these this negative possible negative warning from moody's there in the u.s. is that going to be putting off investors in the u.s. and that could actually have an impact on europe as well. well again by
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all the market evidence is to the contrary in fact today there was a debt offering in the u.s. and it was oversubscribed and the interest rates were actually very low so the market is not buying what the exposure is they are still buying treasuries they're buying them at low interest rates they still see it as one of the safest places to put money and so i agree with the promise of what you're saying but the markets just are not responding to that there are limited options where institutional investors can put their money as a safe haven and u.s. treasuries even though many would say it's not as good to use as it used to be it's still the best game in town around the world one safe haven you know about is gold isn't it we're obviously seeing the prices rising very rapidly indeed reaching new heights today so it was dropped a year or drop the dollar put all our money in gold is that the future currency.
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well i think there are many people who feel that way that somehow we need a basket of currencies hard assets that limit the money printing and build this is really the issue how do we constrain governments to not just print money at will and habitat tethered to some sort of hard asset historically it's been gold whether gold is the right solution or in art i think the key issue is to say let's cut the spending let's live within our means if a gold standard or some other hard asset as a standard does that then i think that that's why it's gaining traction gold is the ultimate plumb line it will tell you the market will tell you through gold what they feel about the long term view of paper currencies in the story is not very good right now really interesting talking to you scott thanks so much for joining us live there in los angeles scott carter from investment company goldline thank you. as hacking attacks go global and many are looking for new ways to make
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thank you very much for being with us today so i was just wondering did you or do you know someone who is directly personally in crime. all. right far from these people the keeper of a good distance about their work and results other police departments and different cultures so really nor do the bad guys from all contacts and police and or also from news well who are this people when you think about. lunatics or. well organized criminal society are all in the past there were just as there are cyber windmills which may mean cyber attacks and they are all why doses just for fun just to prove themselves. most of them to criminals of each of the ring by the
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development where all of their dark. home computers or enterprises will still be information or have their hands on the systems to use or of these sort of computer networks and the unfortunate where the big profit from that. and to be honest. and well and there are another group. of people who are behind all this at the ex we call them activists people who are here we're different motivation it's not money it's not perfect most of them they do it's like a protest just like that group that was revealed in the cases against wiki leaks yeah i'm not so it's just as i said those people used to hack into these master card recently apple i was wondering are these people who are idea driven more dangerous just than just hackers at it for money it's a good question and. i my for i'm afraid they would be. more dangerous
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because they're much more of this people are many of them their way to professional and sometimes some of the books where the guys do for money these are less dangerous than this dude just for fun or like protest and use even more dangerous because they are getting more experienced and they are on the cover but they do use new ways to. stop internet services to damage their infrastructure. i am a free to. the will be the. police is for terrorists to employ these forces i am afraid that in the future of cyber terrorism. will. kidnap will force them. in other ways to
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design and to manage cyber terrorism attacks so i'm already is huge i'm afraid it's really huge because we depend on would depend on computers networks everything their own it's just a computer. in cars you know planes i mean industrial in the latter months in the probation everywhere and unfortunately not everything that works is designed you know secure ways unfortunately it's possible. that these systems in different ways so all i'm afraid will enough that it interest world which is superman or dangerous in the process. i'm afraid that's going to do serious and that's bad news the good news he needs the governments for and they understood that and i see that in the body a lot of attention to the problem and i see that you scully it's clear these
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questions and the you can start with a. good theory on the international level to frame the year for forbes so the only way to respond to a threat on that scale is with copper rating with governments exactly exactly because that's what's the problem he's informational because the internet doesn't have borders and the money issues courts all separate the process the missional board this was a speed of the incumbent so the only way to disturb that the only way to make this world more secure more safe is informational copulation and what they see or see are more and more reports of both informational international meetings or news ations all projects that's a good news but the other side of the coin when it comes to government corporation with hackers or people who are creating. are fighting where is this is that last year for example experts concluded that a virus called sex not it was used to attack and destabilized the plant in iran it
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was actually produced with state support for example israel could be united states . or cyber wars between nations like a reality already and we don't know about that we have just one incident and. have this information from i personally have this information from two sources first of all first of all the money should support the virus itself and from the us because so the secret services or nuclear power plants people they don't report me so down from the court you see that these services this is a very complicated very sophisticated the money is yours. that's a very big project there was i think there was a group of high end experts to design that your business directly depends on cyber crime if one day cyber crime is completely eliminated would that put you out of
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business. well that's more a year. but that's a very big dream. to have a big read but the story cybercrime and the free will have. these but i will present. but i don't have privy to both the business or i think that will find something else. another job or another industry. maybe a different project because i still i still want to work. thank you very much for this and to thank or. download the official ante up location. called touch from the. life on the go. video on demand tease mine gold
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help us one of the morning here in the russian capital good to have you with us top stories this hour fresh arrests over the u.k. phone hacking scandal rock group of men. already shaken media and public fury over the case challenges the future of britain's newspaper industry. one hundred thirteen bodies have now been recovered from the water after the sunday's pleasure cruise of disaster on the volga river while divers continue efforts to find around twenty still missing. and calls for the u.s. to cut spending and threats of the country's credit rating might be done great if lawmakers fail to raise america's debt ceiling as more states plunged deeper into economic crisis. continues in less than half an hour with my colleague sean thomas
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in the meantime we're staying with the world of finance and the kaiser report that's coming up in just a moment stay with us from that here on r.t. . max kaiser this is the kaiser and for gold hitting new highs and euros and british pounds u.s. dollars all across the world people want gold and out o. the currency matrix thinks you have a tell me more well max the entire world's financial system is once again crumbling and part of the reason of course is the oligarchies that rule our world and have not faced justice for that because they are part of the all of our key there's no
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differentiation between the heads of these banks and the heads of the government but also importantly the other important ingredient is propaganda and how propaganda confuses the populations in the west half of us social program re sybian believe they have not used a government social program so this is from the united states and if you look at this chart of the top four demonstrating the most ignorance of being receptive audience of government welfare three out of four of them regard our referring to higher education that is that is the five twenty nine or coverdell which sixty four point three percent of people who receive this government funding don't even know they're receiving taxpayer financed help home mortgage interest deduction hope or lifetime learning tax credit and student loans are also the people who receive this government assistance are completely it.
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